Global Retirement Partners LLC Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Global Retirement Partners LLC bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,161 shares of the company’s stock, valued at approximately $790,000.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $234,774,000. Focus Partners Advisor Solutions LLC bought a new position in Take-Two Interactive Software during the 2nd quarter worth $1,619,000. State of Wyoming bought a new position in Take-Two Interactive Software during the 2nd quarter worth $244,000. Trifecta Capital Advisors LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $100,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $5,546,000. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

TTWO has been the topic of several analyst reports. DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. BTIG Research boosted their price target on 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. Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Oppenheimer increased their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Zacks Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Buy” and an average price target of $296.95.

Insider Buying and Selling

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 334 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the completion of the transaction, the director directly owned 1,666 shares in the company, valued at $403,738.44. This represents a 16.70% 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. In the last 90 days, insiders sold 610,759 shares of company stock worth $138,737,789. Corporate insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Up 0.3%

Shares of NASDAQ:TTWO opened at $242.40 on Wednesday. The firm has a market cap of $45.32 billion, a P/E ratio of -140.11, a P/E/G ratio of 1.70 and a beta of 0.97. 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 fifty day simple moving average of $240.32 and a 200 day simple moving average of $221.50. 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 (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted ($0.07) EPS. The company’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. Analysts predict that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current year.

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.