Rakuten Investment Management Inc. Acquires New Stake in Take-Two Interactive Software, Inc. $TTWO

Rakuten Investment Management Inc. bought a new stake in 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 and Exchange Commission. The fund bought 42,943 shares of the company’s stock, valued at approximately $10,613,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth about $4,560,679,000. Norges Bank purchased a new position in shares of Take-Two Interactive Software during the fourth quarter valued at approximately $735,389,000. Bank of America Corp DE purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at approximately $599,405,000. Legal & General Group Plc acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $277,219,000. Finally, Bank of New York Mellon Corp acquired a new stake in Take-Two Interactive Software during the second quarter worth approximately $234,774,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Analyst Ratings Changes

Several brokerages have weighed in on TTWO. Roth Capital boosted their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. DA Davidson reiterated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Finally, UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

Insider Activity

In related news, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the transaction, the director owned 1,666 shares in the company, valued at approximately $403,738.44. This trade represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 540,759 shares of company stock worth $123,183,789. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Trading Up 1.0%

Shares of TTWO opened at $235.39 on Friday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm has a market capitalization of $44.01 billion, a P/E ratio of -136.06, a price-to-earnings-growth ratio of 1.56 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. The stock’s fifty day simple moving average is $242.28 and its 200 day simple moving average is $222.76.

Take-Two Interactive Software (NASDAQ:TTWO) last announced 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 business’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current 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.