Take-Two Interactive Software, Inc. $TTWO Shares Newly Bought by Westwind Capital

Westwind Capital acquired a new position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 3rd quarter, HoldingsChannel reports. The fund acquired 7,763 shares of the company’s stock, valued at approximately $1,611,000.

A number of other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter worth about $4,560,679,000. Bank of America Corp DE purchased a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $599,405,000. Legal & General Group Plc acquired a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $277,219,000. Bank of New York Mellon Corp purchased a new position in Take-Two Interactive Software in the second quarter worth approximately $234,774,000. Finally, Deutsche Bank AG acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $205,858,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 2.6%

NASDAQ:TTWO traded up $5.36 during trading hours on Thursday, hitting $209.37. The company’s stock had a trading volume of 2,709,875 shares, compared to its average volume of 2,332,050. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The stock has a market capitalization of $39.15 billion, a P/E ratio of -121.02, a price-to-earnings-growth ratio of 1.41 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 has a fifty day moving average of $223.31 and a 200-day moving average of $223.66.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). The business had revenue of $1.53 billion for 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 quarter in the previous 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. On average, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Daniel Emerson sold 917 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total value of $199,585.05. Following the completion of the transaction, the insider owned 113,071 shares in the company, valued at approximately $24,609,903.15. This represents a 0.80% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,302 shares of company stock worth $12,863,216. 1.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TTWO has been the subject of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. UBS Group set a $310.00 target price on Take-Two Interactive Software in a research note on Monday, September 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, September 8th. BTIG Research increased their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Robert W. Baird raised their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $298.89.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.