Harvey Capital Management Inc. Takes Position in Take-Two Interactive Software, Inc. $TTWO

Harvey Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,580 shares of the company’s stock, valued at approximately $7,644,000. Take-Two Interactive Software comprises approximately 1.6% of Harvey Capital Management Inc.’s holdings, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Take-Two Interactive Software during the second quarter worth about $4,560,679,000. State Street Corp grew its position in shares of Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after purchasing an additional 390,331 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Invesco Ltd. increased its stake in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TTWO. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson reissued a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird boosted their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

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 stock was sold at an average price of $245.01, for a total value of $31,116.27. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 540,759 shares of company stock valued at $123,183,789. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $233.00 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The company’s 50 day simple moving average is $242.36 and its 200 day simple moving average is $222.68. The company has a market capitalization of $43.57 billion, a price-to-earnings ratio of -134.68, a PEG ratio of 1.55 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last released 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). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. 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, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Take-Two Interactive Software Profile

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.