The Manufacturers Life Insurance Company Trims Stake in Take-Two Interactive Software, Inc. $TTWO

The Manufacturers Life Insurance Company cut its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,461 shares of the company’s stock after selling 3,840 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Take-Two Interactive Software were worth $21,864,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TTWO. California State Teachers Retirement System boosted its stake in shares of Take-Two Interactive Software by 21,833.4% during the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock worth $16,450,993,000 after acquiring an additional 65,509,194 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Take-Two Interactive Software by 597.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock valued at $1,134,000 after purchasing an additional 4,920 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at about $23,480,000. Rockefeller Capital Management L.P. raised its holdings in Take-Two Interactive Software by 45.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after purchasing an additional 14,050 shares during the period. Finally, Fiera Capital Corp raised its holdings in Take-Two Interactive Software by 33.9% in the 4th quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock worth $16,489,000 after purchasing an additional 16,314 shares during the period. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. BTIG Research increased their price target on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an “overweight” rating and a $310.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $296.95.

Take-Two Interactive Software Trading Down 0.7%

Shares of Take-Two Interactive Software stock opened at $215.47 on Friday. The firm has a market capitalization of $40.29 billion, a PE ratio of -124.55, a P/E/G ratio of 1.50 and a beta of 0.97. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The firm’s 50-day moving average price is $236.28 and its 200 day moving average price is $223.89. 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 (NASDAQ:TTWO) last posted 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm posted ($0.07) earnings per share. Take-Two Interactive Software’s quarterly revenue 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. On average, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total value of $10,105,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 127 shares of the firm’s 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 transaction, the director owned 65,368 shares in the company, valued at $16,015,813.68. The trade was a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,658 shares of company stock valued at $12,948,552. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Profile

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga’s casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.