Canada Pension Plan Investment Board Invests $26.16 Million in Take-Two Interactive Software, Inc. $TTWO

Canada Pension Plan Investment Board purchased a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 104,631 shares of the company’s stock, valued at approximately $26,156,000. Canada Pension Plan Investment Board owned approximately 0.06% of Take-Two Interactive Software at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in Take-Two Interactive Software during the fourth quarter worth $25,000. Mosley Wealth Management increased its stake in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $32,000. Essential Partners LLC raised its holdings in shares of Take-Two Interactive Software by 333.3% during the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after buying an additional 130 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new position in shares of Take-Two Interactive Software during the 4th quarter worth $34,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Up 1.0%

Shares of TTWO opened at $235.39 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of -136.06, a PEG ratio of 1.55 and a beta of 0.97. The stock has a fifty day moving average of $242.28 and a 200-day moving average of $222.76.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company’s 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. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares of the company’s stock, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Strauss Zelnick sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $252.64, for a total transaction of $10,105,600.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 540,759 shares of company stock valued at $123,183,789. 1.12% of the stock is currently owned by company insiders.

Key Headlines Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two released an extended preview of GTA 6, giving gamers and investors a closer look at the highly anticipated title and increasing confidence in its commercial potential. Take-Two entices gamers with Grand Theft Auto 6 video preview
• Positive Sentiment: Wall Street is responding favorably to the new footage and confirmed November release, with the anticipated launch helping lift Take-Two shares and reinforcing the importance of GTA 6 to the company’s growth outlook. Wall Street Buys the GTA 6 Hype. Take-Two Stock Gets a Lift.
• Positive Sentiment: Take-Two shares moved higher in premarket trading after the first gameplay showcase, which was released through Netflix and described by a gaming-industry executive as a significant moment for the industry. Take-Two shares move higher pre-market as gamers get first look at GTA 6
• Positive Sentiment: Investors purchased 22,488 TTWO call options, approximately 58% above typical activity, signaling increased speculative bullish interest ahead of the GTA 6 showcase and launch.
• Neutral Sentiment: Earlier leaks had created pressure ahead of the official showcase, but the formal release of footage appears to have shifted attention back toward the game’s potential rather than the leak-related uncertainty. These two stocks rally after GTA 6 trailer release
• Neutral Sentiment: Reports that an alleged GTA 6 leaker is cashing out cryptocurrency concern a related memecoin more directly than Take-Two’s operating business and appear unlikely to materially affect TTWO fundamentals. GTA 6 leaker Cyberleek reportedly begins cashing out crypto
• Negative Sentiment: Zacks Research downgraded Take-Two from “strong-buy” to “hold,” providing a counterweight to the positive GTA 6 momentum and potentially limiting further gains. Zacks Research

Wall Street Analyst Weigh In

TTWO has been the topic of several research analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. BTIG Research boosted their target price on 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. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Robert W. Baird increased their target price on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Zacks Research downgraded shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $296.95.

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.