Sumitomo Mitsui Trust Group Inc. Sells 3,645 Shares of Take-Two Interactive Software, Inc. $TTWO

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 410,241 shares of the company’s stock after selling 3,645 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of Take-Two Interactive Software worth $85,125,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its holdings in shares of Take-Two Interactive Software by 5.7% in the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares during the last quarter. Beacon Financial Advisory LLC raised its position in shares of Take-Two Interactive Software by 3.7% during the second quarter. Beacon Financial Advisory LLC now owns 1,697 shares of the company’s stock worth $424,000 after acquiring an additional 60 shares during the last quarter. Trust Asset Management LLC raised its position in shares of Take-Two Interactive Software by 3.5% during the second quarter. Trust Asset Management LLC now owns 1,881 shares of the company’s stock worth $470,000 after acquiring an additional 63 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of 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 period. Finally, Cypress Capital LLC lifted its stake in shares of Take-Two Interactive Software by 6.7% during the third quarter. Cypress Capital LLC now owns 1,110 shares of the company’s stock valued at $230,000 after acquiring an additional 70 shares during the period. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TTWO. Roth Capital lifted their price objective on 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. Wedbush restated an “outperform” rating and set a $280.00 target price on shares of Take-Two Interactive Software in a research report on Monday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. The Goldman Sachs Group lifted their price target on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, BTIG Research boosted their price target on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Twenty-one equities research analysts have rated the stock with 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, Take-Two Interactive Software has a consensus rating of “Moderate Buy” and an average price target of $289.00.

Insider Activity

In related news, Director Michael Sheresky sold 484 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $203.69, for a total value of $98,585.96. Following the completion of the transaction, the director directly owned 66,010 shares in the company, valued at approximately $13,445,576.90. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 917 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $217.65, for a total value of $199,585.05. Following the completion of the transaction, the insider owned 113,071 shares of the company’s stock, valued at $24,609,903.15. This represents a 0.80% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 53,636 shares of company stock valued at $12,930,991. Company insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $194.99 on Wednesday. The firm’s 50 day simple moving average is $208.77 and its 200 day simple moving average is $219.56. Take-Two Interactive Software, Inc. has a fifty-two week low of $183.86 and a fifty-two week high of $265.94. The company has a market capitalization of $36.46 billion, a price-to-earnings ratio of -112.71, a P/E/G ratio of 1.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06.

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). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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, sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.