Mitsubishi UFJ Asset Management Co. Ltd. Invests $111.07 Million in Take-Two Interactive Software, Inc. $TTWO

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, Holdings Channel.com reports. The firm purchased 444,327 shares of the company’s stock, valued at approximately $111,073,000.

Other hedge funds have also made changes to their positions in the company. MCF Advisors LLC acquired a new position in Take-Two Interactive Software in the 4th quarter worth approximately $25,000. Mosley Wealth Management raised its stake in Take-Two Interactive Software by 266.7% during the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the period. MV Capital Management Inc. acquired a new stake in Take-Two Interactive Software during the 4th quarter valued at $34,000. Rachor Investment Advisory Services LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Finally, Reflection Asset Management purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 127 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $31,116.27. Following the completion of the sale, the director directly owned 65,368 shares in the company, valued at approximately $16,015,813.68. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laverne Evans Srinivasan sold 362 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the transaction, the director directly owned 8,357 shares in the company, valued at $2,047,548.57. The trade was a 4.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 610,759 shares of company stock worth $138,737,789 in the last 90 days. 1.12% of the stock is owned by corporate insiders.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $242.40 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $45.32 billion, a PE ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97. The firm’s 50 day moving average price is $240.32 and its 200 day moving average price is $221.50. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, research analysts expect that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target on the stock. Raymond James Financial set a $300.00 price objective on Take-Two Interactive Software in a research note on Thursday, August 6th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Bank of America lifted their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $296.95.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.