Empowered Funds LLC Takes $2.69 Million Position in Take-Two Interactive Software, Inc. $TTWO

Empowered Funds LLC acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,750 shares of the company’s stock, valued at approximately $2,687,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TTWO. Mayflower Financial Advisors LLC boosted its holdings in Take-Two Interactive Software by 3.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after acquiring an additional 48 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in Take-Two Interactive Software by 5.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares during the period. Huntington National Bank increased its stake in Take-Two Interactive Software by 4.5% in the 4th quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the period. UMB Bank n.a. increased its stake in Take-Two Interactive Software by 12.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $137,000 after purchasing an additional 59 shares during the period. Finally, Ballentine Partners LLC lifted its position in Take-Two Interactive Software by 6.0% in the fourth quarter. Ballentine Partners LLC now owns 1,063 shares of the company’s stock valued at $272,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 1,666 shares in the company, valued at approximately $403,738.44. This represents a 16.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the sale, the director directly owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 59,837 shares of company stock valued at $14,479,256 over the last three months. Insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

TTWO has been the subject of a number of analyst reports. UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software 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. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Roth Capital increased their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

Take-Two Interactive Software Trading Down 0.2%

TTWO opened at $216.14 on Thursday. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one 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. The business has a 50 day simple moving average of $240.97 and a two-hundred day simple moving average of $223.22. The firm has a market capitalization of $40.41 billion, a price-to-earnings ratio of -124.94, a PEG ratio of 1.44 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. 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 5.51 EPS 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.