Trek Financial LLC Purchases 22,605 Shares of Take-Two Interactive Software, Inc. $TTWO

Trek Financial LLC acquired a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 22,605 shares of the company’s stock, valued at approximately $4,691,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Primecap Management Co. CA acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $23,480,000. Corient Private Wealth LP lifted its stake in shares of Take-Two Interactive Software by 22.4% in the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company’s stock worth $7,504,000 after acquiring an additional 5,484 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $37,090,000. IFP Advisors Inc lifted its stake in shares of Take-Two Interactive Software by 398.2% in the third quarter. IFP Advisors Inc now owns 11,335 shares of the company’s stock valued at $2,352,000 after purchasing an additional 9,060 shares during the period. Finally, Davis R M Inc. raised its position in Take-Two Interactive Software by 4.3% during the first quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock worth $50,377,000 after acquiring an additional 10,593 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the topic of a number of analyst reports. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Raymond James Financial reissued a “strong-buy” rating on shares of Take-Two Interactive Software in a research report on Wednesday, October 14th. Robert W. Baird boosted their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 target price for the company. Twenty-two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $289.95.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO opened at $190.17 on Monday. Take-Two Interactive Software, Inc. has a 12-month low of $183.86 and a 12-month high of $265.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The business has a fifty day simple moving average of $210.49 and a 200 day simple moving average of $220.09. The firm has a market cap of $35.56 billion, a P/E ratio of -109.92, a P/E/G ratio of 1.41 and a beta of 0.93.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its 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 during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts predict that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current year.

Insider Buying and Selling at Take-Two Interactive Software

In related news, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the sale, the director owned 8,357 shares of the company’s stock, valued at approximately $2,047,548.57. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Gordon sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total value of $2,023,900.00. Following the transaction, the director directly owned 47,187 shares in the company, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,636 shares of company stock worth $12,930,991 in the last ninety days. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Company Profile

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

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.