Tidal Investments LLC Trims Stock Position in Take-Two Interactive Software, Inc. $TTWO

Tidal Investments LLC lessened its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 6.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,120 shares of the company’s stock after selling 2,365 shares during the period. Tidal Investments LLC’s holdings in Take-Two Interactive Software were worth $8,279,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TTWO. California State Teachers Retirement System increased its holdings in Take-Two Interactive Software by 21,833.4% during the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock worth $16,450,993,000 after purchasing an additional 65,509,194 shares during the period. BlackRock Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at $4,560,679,000. State Street Corp increased its stake 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 valued at $2,919,362,000 after buying an additional 390,331 shares during the period. Geode Capital Management LLC raised its holdings in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after acquiring an additional 16,758 shares in the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Activity

In other Take-Two Interactive Software news, insider Daniel Emerson sold 4,421 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $215.00, for a total value of $950,515.00. Following the completion of the sale, the insider directly owned 118,407 shares in the company, valued at $25,457,505. This trade represents a 3.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of the firm’s stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,658 shares of company stock worth $12,948,552 over the last 90 days. 1.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTWO. Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. BTIG Research upped 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. Bank of America increased their price objective on shares of 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. Finally, Roth Capital lifted their price objective on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.95.

Take-Two Interactive Software Price Performance

TTWO opened at $215.47 on Friday. The firm has a market capitalization of $40.29 billion, a PE ratio of -124.55, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. 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 business’s 50-day moving average is $236.28 and its two-hundred day moving average is $223.89. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly 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). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company posted ($0.07) earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. 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 5.25 earnings per share for the current fiscal year.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga’s casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.