D.A. Davidson & CO. Has $3.58 Million Position in Take-Two Interactive Software, Inc. $TTWO

D.A. Davidson & CO. boosted its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 23.8% in the second quarter, Holdings Channel reports. The institutional investor owned 14,334 shares of the company’s stock after buying an additional 2,754 shares during the period. D.A. Davidson & CO.’s holdings in Take-Two Interactive Software were worth $3,583,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TTWO. First Horizon Corp grew its holdings in Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after acquiring an additional 46 shares during the last quarter. Mayflower Financial Advisors LLC raised its stake in shares of Take-Two Interactive Software by 3.6% during the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after acquiring an additional 48 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of 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 acquiring an additional 52 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company’s stock worth $342,000 after purchasing an additional 57 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Take-Two Interactive Software by 12.4% during the fourth quarter. UMB Bank n.a. now owns 535 shares of the company’s stock worth $137,000 after purchasing an additional 59 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. The trade was a 13.81% 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, President Karl Slatoff sold 208,969 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the transaction, the president owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 609,936 shares of company stock valued at $138,537,038 over the last 90 days. 1.12% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Stock Down 0.4%

Shares of NASDAQ:TTWO opened at $241.91 on Friday. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of -139.83, a P/E/G ratio of 1.68 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 1.24. The business’s 50-day moving average is $238.48 and its 200-day moving average is $221.53. 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 announced its 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 business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s revenue for the quarter 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. Equities research analysts predict that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday. JPMorgan Chase & Co. started coverage on Take-Two Interactive Software in a report on Tuesday. They set an “overweight” rating and a $310.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Oppenheimer increased their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average 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.