Take-Two Interactive Software, Inc. $TTWO Shares Sold by Provident Investment Management Inc.

Provident Investment Management Inc. reduced its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 44.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,620 shares of the company’s stock after selling 6,080 shares during the period. Provident Investment Management Inc.’s holdings in Take-Two Interactive Software were worth $1,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TTWO. Valley National Advisers Inc. lifted its position in shares of Take-Two Interactive Software by 624.1% during the 3rd quarter. Valley National Advisers Inc. now owns 391 shares of the company’s stock valued at $81,000 after buying an additional 337 shares during the last quarter. BG Investment Services LLC bought a new position in shares of Take-Two Interactive Software during the 3rd quarter worth $398,000. Citizens Financial Group Inc. RI increased its holdings in Take-Two Interactive Software by 35.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 7,331 shares of the company’s stock worth $1,521,000 after acquiring an additional 1,925 shares during the last quarter. Sowell Financial Services LLC increased its holdings in Take-Two Interactive Software by 14.0% in the 3rd quarter. Sowell Financial Services LLC now owns 1,770 shares of the company’s stock worth $367,000 after acquiring an additional 217 shares during the last quarter. Finally, Wedbush Securities Inc. increased its holdings in Take-Two Interactive Software by 19.9% in the 3rd quarter. Wedbush Securities Inc. now owns 3,260 shares of the company’s stock worth $676,000 after acquiring an additional 540 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 744 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the transaction, the insider owned 112,327 shares in the company, valued at $24,378,328.81. This trade represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Sheresky sold 484 shares of Take-Two Interactive Software stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $203.69, for a total value of $98,585.96. Following the transaction, the director directly owned 66,010 shares of the company’s stock, valued at $13,445,576.90. The trade was 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 53,636 shares of company stock worth $12,930,991 in the last 90 days. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Roth Capital boosted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Arete Research cut their target price on shares of Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Robert W. Baird lifted their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BTIG Research lifted their target price on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Twenty-two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $291.68.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO opened at $203.69 on Monday. The company has a market cap of $38.09 billion, a P/E ratio of -117.74, a P/E/G ratio of 1.43 and a beta of 0.97. The stock’s fifty day moving average price is $214.34 and its two-hundred day moving average price is $224.51. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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%. Take-Two Interactive Software’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned ($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. As a group, analysts expect that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

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.