Take-Two Interactive Software, Inc. $TTWO Shares Sold by Syntax Research Inc.

Syntax Research Inc. trimmed its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 79.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725 shares of the company’s stock after selling 10,365 shares during the quarter. Syntax Research Inc.’s holdings in Take-Two Interactive Software were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TTWO. Integrated Wealth Concepts LLC acquired a new position in Take-Two Interactive Software during the first quarter worth $425,000. Empowered Funds LLC increased its stake in shares of Take-Two Interactive Software by 13.2% in the 1st quarter. Empowered Funds LLC now owns 3,322 shares of the company’s stock worth $688,000 after acquiring an additional 388 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Take-Two Interactive Software by 118.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter worth $2,747,000. Finally, Jump Financial LLC raised its holdings in shares of Take-Two Interactive Software by 105.3% during the 2nd quarter. Jump Financial LLC now owns 7,115 shares of the company’s stock worth $1,728,000 after acquiring an additional 3,650 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the completion of the transaction, the director directly owned 21,868 shares in the company, valued at $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 SEC, which is available at the SEC website. 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 value of $31,116.27. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 59,837 shares of company stock valued at $14,479,256. 1.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Robert W. Baird boosted their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, August 10th. BTIG Research increased their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Bank of America increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $296.95.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock opened at $214.13 on Friday. The firm has a market cap of $40.04 billion, a PE ratio of -123.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The business’s fifty day simple moving average is $240.47 and its 200-day simple moving average is $223.37.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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 business posted ($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. Equities analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Take-Two Interactive Software Company 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.