The Manufacturers Life Insurance Company Purchases Shares of 87,461 Take-Two Interactive Software, Inc. $TTWO

The Manufacturers Life Insurance Company acquired a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 87,461 shares of the company’s stock, valued at approximately $21,864,000.

A number of other large investors have also recently made changes to their positions in the stock. Kelly Lawrence W & Associates Inc. CA purchased a new position in Take-Two Interactive Software in the 2nd quarter worth $75,000. Jones Financial Companies Lllp acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth about $90,000. Fiduciary Financial Advisors purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $73,000. L2 Asset Management LLC purchased a new stake in Take-Two Interactive Software during the 2nd quarter valued at about $256,000. Finally, Algert Global LLC increased its holdings in shares of Take-Two Interactive Software by 9.2% in the second quarter. Algert Global LLC now owns 36,454 shares of the company’s stock valued at $9,113,000 after purchasing an additional 3,082 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TTWO has been the subject of a number of research reports. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Raymond James Financial set a $300.00 price target on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Bank of America raised their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer upped their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.95.

Take-Two Interactive Software Trading Down 0.2%

Shares of NASDAQ:TTWO opened at $233.00 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The business has a 50 day moving average of $242.36 and a two-hundred day moving average of $222.68. The company has a market capitalization of $43.57 billion, a PE ratio of -134.68, a PEG ratio of 1.55 and a beta of 0.97.

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 analysts’ consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates 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%.Take-Two Interactive Software’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 business earned ($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, analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the sale, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 127 shares of Take-Two Interactive Software stock in a transaction on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $31,116.27. Following the completion of the transaction, the director directly owned 65,368 shares of the company’s stock, valued at $16,015,813.68. The trade was a 0.19% 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 540,759 shares of company stock valued at $123,183,789 in the last quarter. 1.12% of the stock is currently owned by insiders.

About Take-Two Interactive Software

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.