Ieq Capital LLC Invests $16.53 Million in Take-Two Interactive Software, Inc. $TTWO

Ieq Capital LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,116 shares of the company’s stock, valued at approximately $16,528,000.

A number of other large investors have also recently added to or reduced their stakes in TTWO. Patriot Financial Group Insurance Agency LLC lifted its stake in Take-Two Interactive Software by 597.1% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after buying an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after buying an additional 14,050 shares during the period. Fiera Capital Corp increased its position in shares of Take-Two Interactive Software by 33.9% in the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after acquiring an additional 16,314 shares in the last quarter. Swedbank AB increased its position in shares of Take-Two Interactive Software by 7.6% in the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock worth $34,471,000 after acquiring an additional 9,556 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $37,090,000. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TTWO. UBS Group restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Finally, Zacks Research upgraded Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $296.95.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $239.62 on Friday. The company has a market capitalization of $44.80 billion, a PE ratio of -138.51, a PEG ratio of 1.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50 day moving average price is $241.97 and its 200 day moving average price is $221.75. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (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 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%.The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

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

About Take-Two Interactive Software

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.