Take-Two Interactive Software, Inc. $TTWO Shares Purchased by CenterBook Partners LP

CenterBook Partners LP lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 176.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,828 shares of the company’s stock after purchasing an additional 20,967 shares during the quarter. CenterBook Partners LP’s holdings in Take-Two Interactive Software were worth $6,812,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Silicon Valley Capital Partners purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $25,000. Mosley Wealth Management boosted its stake in Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. Burkett Financial Services LLC bought a new position in Take-Two Interactive Software during the third quarter valued at approximately $28,000. Washington Trust Advisors Inc. grew its position 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 valued at $30,000 after acquiring an additional 64 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $32,000. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Trading Up 0.7%

Shares of NASDAQ:TTWO traded up $1.51 during trading on Friday, reaching $214.87. 3,203,938 shares of the company traded hands, compared to its average volume of 2,398,526. 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 52-week low of $183.86 and a 52-week high of $265.94. The firm has a market capitalization of $40.18 billion, a price-to-earnings ratio of -124.20, a P/E/G ratio of 1.43 and a beta of 0.93. The business’s fifty day moving average is $207.53 and its 200-day moving average is $219.12.

Take-Two Interactive Software (NASDAQ:TTWO) last issued 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 positive return on equity of 12.25% and a negative net margin of 4.79%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the firm earned ($0.07) earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TTWO shares. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. 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. Roth Capital lifted their target price on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Robert W. Baird boosted their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.76.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel Emerson sold 744 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $217.03, for a total value of $161,470.32. Following the sale, the insider owned 112,327 shares of the company’s stock, valued at $24,378,328.81. This trade represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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, Director Michael Sheresky sold 484 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $203.69, for a total transaction of $98,585.96. Following the completion of the sale, the director directly owned 66,010 shares in the company, valued at approximately $13,445,576.90. This trade represents a 0.73% 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. Insiders have sold a total of 53,636 shares of company stock worth $12,930,991 over the last ninety days. 1.12% of the stock is owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.

The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.

Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.