Verdence Capital Advisors LLC Acquires 17,066 Shares of Take-Two Interactive Software, Inc. $TTWO

Verdence Capital Advisors LLC raised its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 53.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 49,127 shares of the company’s stock after buying an additional 17,066 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Take-Two Interactive Software were worth $10,194,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mayflower Financial Advisors LLC boosted its stake in shares of Take-Two Interactive Software by 3.6% in the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock worth $269,000 after buying an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in Take-Two Interactive Software by 5.7% during the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock valued at $190,000 after buying an additional 52 shares during the period. Beacon Financial Advisory LLC grew its position in Take-Two Interactive Software by 3.7% during the second quarter. Beacon Financial Advisory LLC now owns 1,697 shares of the company’s stock valued at $424,000 after buying an additional 60 shares during the period. Trust Asset Management LLC grew its position in Take-Two Interactive Software by 3.5% during the second quarter. Trust Asset Management LLC now owns 1,881 shares of the company’s stock valued at $470,000 after buying an additional 63 shares during the period. Finally, Washington Trust Advisors Inc. increased its holdings in Take-Two Interactive Software by 116.4% during the second quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock worth $30,000 after buying an additional 64 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director William Gordon sold 10,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total value of $2,023,900.00. Following the transaction, the director owned 47,187 shares of the company’s stock, valued at $9,550,176.93. This represents a 17.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total transaction of $10,105,600.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 53,636 shares of company stock worth $12,930,991. 1.12% of the stock is owned by corporate insiders.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $203.35 on Tuesday. The company has a market cap of $38.02 billion, a PE ratio of -117.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $214.11 and a 200-day moving average price of $221.23. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) 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 analysts’ expectations 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 firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on TTWO. The Goldman Sachs Group lifted their price objective on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Tuesday, October 6th. UBS Group set a $310.00 target price on Take-Two Interactive Software in a research note on Monday, September 28th. BTIG Research raised their price objective 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, August 10th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Twenty-two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $291.68.

Take-Two Interactive Software Profile

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

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.