Legal & General Group Plc Makes New $277.22 Million Investment in Take-Two Interactive Software, Inc. $TTWO

Legal & General Group Plc acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,108,964 shares of the company’s stock, valued at approximately $277,219,000. Legal & General Group Plc owned 0.59% of Take-Two Interactive Software as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TTWO. BlackRock Inc. purchased a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at about $4,560,679,000. Norges Bank purchased a new position in shares of Take-Two Interactive Software in the fourth quarter worth approximately $735,389,000. Bank of New York Mellon Corp bought a new stake in Take-Two Interactive Software during the second quarter valued at approximately $234,774,000. Deutsche Bank AG bought a new stake in Take-Two Interactive Software during the second quarter valued at approximately $205,858,000. Finally, AQR Capital Management LLC increased its holdings in Take-Two Interactive Software by 162.1% during the fourth quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after buying an additional 704,316 shares during the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the transaction, the director owned 8,357 shares of the company’s stock, valued at $2,047,548.57. This represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. The trade was a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 540,759 shares of company stock worth $123,183,789. 1.12% of the stock is owned by corporate insiders.

Take-Two Interactive Software Trading Up 0.2%

Shares of TTWO opened at $233.45 on Thursday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The company has a 50 day simple moving average of $242.48 and a two-hundred day simple moving average of $222.41. 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 firm has a market cap of $43.65 billion, a P/E ratio of -134.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results 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). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate 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 was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($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 expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $296.95.

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.