Take-Two Interactive Software, Inc. $TTWO Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,458 shares of the company’s stock after selling 2,369 shares during the quarter. Handelsbanken Fonder AB’s holdings in Take-Two Interactive Software were worth $13,863,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Horizon Corp increased its holdings in Take-Two Interactive Software by 26.4% in the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after buying an additional 46 shares in the last quarter. Mayflower Financial Advisors LLC boosted its stake in shares of 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 worth $269,000 after acquiring an additional 48 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in shares of Take-Two Interactive Software by 5.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock valued at $190,000 after acquiring an additional 52 shares during the period. Huntington National Bank grew its position in shares of Take-Two Interactive Software by 4.5% during the 4th quarter. Huntington National Bank now owns 1,335 shares of the company’s stock valued at $342,000 after acquiring an additional 57 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Take-Two Interactive Software by 12.4% during the 4th quarter. UMB Bank n.a. now owns 535 shares of the company’s stock valued at $137,000 after acquiring an additional 59 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction dated Monday, August 10th. The shares were 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. Insiders have sold 609,936 shares of company stock worth $138,537,038 in the last 90 days. 1.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TTWO. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday. They issued an “overweight” rating and a $310.00 price target on the stock. Finally, BTIG Research boosted 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 report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $296.95.

Take-Two Interactive Software Stock Down 0.4%

NASDAQ TTWO opened at $241.91 on Friday. The business has a fifty day moving average price of $238.48 and a 200 day moving average price of $221.53. 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 quick ratio of 1.24 and a current ratio of 1.06. The company has a market cap of $45.23 billion, a P/E ratio of -139.83, a P/E/G ratio of 1.68 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) 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 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 company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last 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. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

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.