Wealthfront Advisers LLC Buys Shares of 22,133 Take-Two Interactive Software, Inc. $TTWO

Wealthfront Advisers LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 22,133 shares of the company’s stock, valued at approximately $5,533,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TTWO. Integrated Wealth Concepts LLC acquired a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at approximately $425,000. Empowered Funds LLC increased its position in Take-Two Interactive Software by 13.2% during the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after purchasing an additional 388 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock valued at $63,000 after purchasing an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Take-Two Interactive Software in the 2nd quarter valued at approximately $2,747,000. Finally, Jump Financial LLC boosted its position in Take-Two Interactive Software by 105.3% in the second quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock valued at $1,728,000 after buying an additional 3,650 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of several research analyst reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Bank of America boosted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Roth Capital upped their target price on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 10th. DA Davidson reiterated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $296.95.

Take-Two Interactive Software Stock Up 1.3%

Shares of TTWO opened at $240.15 on Friday. The stock’s 50-day moving average price is $241.41 and its two-hundred day moving average price is $221.63. 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 market capitalization of $44.90 billion, a PE ratio of -138.81, a PEG ratio of 1.57 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. 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 anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Insider Activity

In other news, CEO Strauss Zelnick sold 208,969 shares of the business’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 transaction, the chief executive officer owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Karl Slatoff sold 208,969 shares of the stock in a transaction on 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 sale, the president owned 1,006,021 shares of the company’s stock, valued at approximately $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 610,759 shares of company stock worth $138,737,789 in the last 90 days. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software Company 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.