Perigon Wealth Management LLC Invests $781,000 in Take-Two Interactive Software, Inc. $TTWO

Perigon Wealth Management LLC 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 filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,123 shares of the company’s stock, valued at approximately $781,000.

Other hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $25,000. Mosley Wealth Management raised its stake in shares of 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 period. Essential Partners LLC grew its position in Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after buying an additional 130 shares during the period. Rachor Investment Advisory Services LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter worth about $34,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the fourth quarter valued at about $34,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of recent research reports. Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a research report on Thursday, August 6th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report 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. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $296.95.

Insider Activity

In other news, CEO Strauss Zelnick sold 208,969 shares of the company’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. This represents a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 610,759 shares of company stock valued at $138,737,789 over the last ninety days. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Trading Up 0.3%

NASDAQ TTWO opened at $242.40 on Wednesday. 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 stock’s fifty day moving average price is $240.32 and its 200-day moving average price is $221.50. The stock has a market cap of $45.32 billion, a P/E ratio of -140.11, a P/E/G ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) 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 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%.Take-Two Interactive Software’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal 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.