93,929 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by Primecap Management Co. CA

Primecap Management Co. CA bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 93,929 shares of the company’s stock, valued at approximately $23,480,000. Primecap Management Co. CA owned about 0.05% of Take-Two Interactive Software as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TTWO. BlackRock Inc. purchased a new position in Take-Two Interactive Software in the second quarter worth $4,560,679,000. State Street Corp increased its position in shares of Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock worth $2,919,362,000 after purchasing an additional 390,331 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Take-Two Interactive Software in the 4th quarter worth $735,389,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

NASDAQ TTWO opened at $233.45 on Thursday. 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 stock’s fifty day moving average price is $242.48 and its 200 day moving average price is $222.41. 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 market cap of $43.65 billion, a price-to-earnings ratio of -134.94, a PEG 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 (EPS) 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 firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business earned ($0.07) EPS. The business’s revenue was down 2.1% on a year-over-year basis. 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. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director directly owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This trade represents a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 540,759 shares of company stock valued at $123,183,789. Insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Bank of America increased their price target on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target on the stock. Finally, Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $296.95.

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.