Deepwater Asset Management LLC Makes New $7.98 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Deepwater Asset Management LLC acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 31,925 shares of the company’s stock, valued at approximately $7,981,000. Take-Two Interactive Software accounts for 3.6% of Deepwater Asset Management LLC’s holdings, making the stock its 9th largest position.

Several other institutional investors have also recently made changes to their positions in TTWO. MCF Advisors LLC purchased a new position in Take-Two Interactive Software during the 4th quarter valued at about $25,000. Mosley Wealth Management lifted its position in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $32,000. Essential Partners LLC boosted its stake in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares in the last quarter. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Transactions at Take-Two Interactive Software

In related news, President Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the completion of the sale, the president owned 1,006,021 shares of the company’s stock, valued at $228,708,814.14. The trade was a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 208,969 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total value of $47,507,012.46. Following the completion of the sale, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 610,759 shares of company stock valued at $138,737,789. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software Trading Up 0.3%

NASDAQ TTWO opened at $242.40 on Wednesday. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The company has a fifty day simple moving average of $240.32 and a two-hundred day simple moving average of $221.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a market cap of $45.32 billion, a P/E ratio of -140.11, a P/E/G ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned ($0.07) earnings per share. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. 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. On average, analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on TTWO. Roth Capital upped their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BTIG Research raised their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently 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.