Sanders Morris Harris LLC Purchases 4,860 Shares of Take-Two Interactive Software, Inc. $TTWO

Sanders Morris Harris LLC bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,860 shares of the company’s stock, valued at approximately $1,008,000.

Other institutional investors have also added to or reduced their stakes in the company. Silicon Valley Capital Partners bought a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth approximately $25,000. Mosley Wealth Management lifted its holdings in shares of Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. Washington Trust Advisors Inc. boosted its holdings in Take-Two Interactive Software by 116.4% in the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after acquiring an additional 64 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $32,000. Finally, MV Capital Management Inc. purchased a new position in Take-Two Interactive Software in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Insider Buying and Selling

In other news, insider Daniel P. Emerson sold 917 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total transaction of $199,585.05. Following the sale, the insider directly owned 113,071 shares of the company’s stock, valued at $24,609,903.15. This represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,302 shares of company stock worth $12,863,216 in the last quarter. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Up 0.5%

TTWO traded up $0.91 during trading on Wednesday, hitting $201.23. The stock had a trading volume of 2,608,077 shares, compared to its average volume of 2,343,824. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The stock has a 50 day simple moving average of $220.43 and a two-hundred day simple moving average of $223.98. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $37.63 billion, a PE ratio of -116.32, a PEG ratio of 1.45 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 negative net margin of 4.79% and a positive return on equity of 12.25%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company 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. On average, research analysts predict that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Raymond James Financial restated a “strong-buy” rating on shares of Take-Two Interactive Software in a research report on Wednesday. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. UBS Group set a $310.00 price target on Take-Two Interactive Software in a research note on Monday, September 28th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $298.89.

Take-Two Interactive Software Profile

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

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.