Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 31.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 454,091 shares of the company’s stock after acquiring an additional 109,103 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Take-Two Interactive Software were worth $94,224,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Silicon Valley Capital Partners purchased a new position in Take-Two Interactive Software in the second quarter valued at about $25,000. Mosley Wealth Management increased its holdings in Take-Two Interactive Software by 266.7% during 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 last quarter. Washington Trust Advisors Inc. increased its holdings in Take-Two Interactive Software by 116.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the 2nd quarter worth approximately $32,000. Finally, Burkett Financial Services LLC acquired a new position in shares of Take-Two Interactive Software in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Trading Down 3.5%

Shares of NASDAQ TTWO opened at $207.40 on Tuesday. The stock’s 50 day moving average price is $206.97 and its two-hundred day moving average price is $218.96. Take-Two Interactive Software, Inc. has a 52-week low of $183.86 and a 52-week high of $265.94. The stock has a market capitalization of $38.78 billion, a P/E ratio of -119.88, a PEG ratio of 1.55 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Monday, November 9th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.25). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.64 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company’s quarterly revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.73) EPS. Take-Two Interactive Software has set its Q3 2027 guidance at 3.800-4.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Ellen Siminoff sold 334 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $202.92, for a total transaction of $67,775.28. Following the transaction, the director directly owned 1,332 shares in the company, valued at $270,289.44. This trade represents a 20.05% decrease in their ownership of the stock. The sale 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, Director Michael Sheresky sold 484 shares of Take-Two Interactive Software stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $203.69, for a total transaction of $98,585.96. Following the completion of the transaction, the director directly owned 66,010 shares of the company’s stock, valued at approximately $13,445,576.90. This represents a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,636 shares of company stock valued at $2,825,391 over the last three months. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software News Summary

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: CEO Strauss Zelnick said GTA VI pre-orders are at “unprecedented levels” ahead of its November 19 launch, supporting expectations for a major release. Article: Take-Two Reports Lower Revenue Ahead of GTA VI Launch
• Positive Sentiment: Macquarie initiated coverage with an Outperform rating and a $300 price target, a bullish view on the company’s prospects. Article: Macquarie Initiates Take-Two at Outperform
• Neutral Sentiment: Take-Two’s fiscal 2027 EPS guidance was reported above the cited consensus, though comparisons may reflect different earnings measures; investors are also focused on how much of the new game’s success is reflected in forecasts. Article: Take-Two Q3 Revenue Expectations
• Negative Sentiment: Reported quarterly revenue was $1.50 billion, down 18.4% year over year and below the $1.64 billion estimate. The company posted a GAAP loss of $0.29 per share, missing the cited consensus; Zacks separately reported adjusted earnings of $1 per share, ahead of its estimate. Article: Take-Two Earnings Results
• Negative Sentiment: Investors may also be concerned that fiscal 2027 net bookings guidance of $8.0–$8.2 billion trails the roughly $8.6 billion analyst expectation, and that projected Q3 bookings are below estimates. This cautious outlook may temper enthusiasm despite strong pre-orders. Article: Take-Two Projects Third-Quarter Bookings Below Estimates

Analysts Set New Price Targets

TTWO has been the subject of several research analyst reports. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 target price for the company. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America cut their price target on shares of Take-Two Interactive Software from $368.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $288.05.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.

The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.

Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.