Take-Two Interactive Software, Inc. $TTWO Stake Decreased by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 89,351 shares of the company’s stock after selling 6,430 shares during the period. Sterling Capital Management LLC’s holdings in Take-Two Interactive Software were worth $18,540,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $4,560,679,000. Bank of America Corp DE purchased a new stake in Take-Two Interactive Software in the second quarter valued at approximately $599,405,000. Legal & General Group Plc purchased a new stake in Take-Two Interactive Software in the second quarter valued at approximately $277,219,000. Bank of New York Mellon Corp acquired a new position in Take-Two Interactive Software during the second quarter worth $234,774,000. Finally, Deutsche Bank AG acquired a new position in Take-Two Interactive Software during the second quarter worth $205,858,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 value of $98,585.96. Following the completion of the transaction, the director directly owned 66,010 shares in the company, valued at approximately $13,445,576.90. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ellen Siminoff sold 334 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $202.92, for a total value of $67,775.28. Following the transaction, the director directly owned 1,332 shares of the company’s stock, valued at $270,289.44. The trade was a 20.05% 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. In the last 90 days, insiders sold 53,636 shares of company stock valued at $12,930,991. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software Stock Down 2.0%

TTWO traded down $4.12 during trading hours on Friday, hitting $203.69. 1,562,808 shares of the company’s stock were exchanged, compared to its average volume of 2,348,031. The firm has a market cap of $38.09 billion, a P/E ratio of -117.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.97. 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 current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $214.34 and a 200 day moving average of $224.32.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly 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 business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned ($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. Analysts predict that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTWO has been the subject of several research analyst reports. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. The Goldman Sachs Group boosted their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Monday, August 10th. Arete Research decreased their target price on Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Wednesday, September 9th. BTIG Research raised their target price on 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, Robert W. Baird raised their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Twenty-two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and an average price target of $291.68.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.