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

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

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Take-Two Interactive Software by 18.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,735 shares of the company’s stock worth $1,434,000 after purchasing an additional 901 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 8.6% in the second quarter. MCF Advisors LLC now owns 1,086 shares of the company’s stock valued at $271,000 after purchasing an additional 86 shares during the last quarter. National Pension Service increased its holdings in shares of Take-Two Interactive Software by 10.0% in the second quarter. National Pension Service now owns 321,495 shares of the company’s stock valued at $80,367,000 after purchasing an additional 29,189 shares during the last quarter. WINTON GROUP Ltd lifted its position in Take-Two Interactive Software by 2,526.5% during the second quarter. WINTON GROUP Ltd now owns 58,676 shares of the company’s stock worth $14,668,000 after buying an additional 56,442 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Take-Two Interactive Software by 3.3% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,334 shares of the company’s stock worth $583,000 after buying an additional 75 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

TTWO stock opened at $215.47 on Friday. The business has a fifty day moving average of $236.28 and a two-hundred day moving average of $223.89. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of -124.55, a price-to-earnings-growth ratio of 1.50 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its 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 business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned ($0.07) EPS. Take-Two Interactive Software’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, research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Oppenheimer restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday. Wedbush reiterated an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. Bank of America upped their price objective on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $296.95.

Insider Activity

In related news, Director LaVerne Srinivasan sold 362 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $245.01, for a total value of $88,693.62. Following the sale, the director directly owned 8,357 shares in the company, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction dated 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 52,658 shares of company stock worth $12,948,552. 1.12% of the stock is currently owned by corporate insiders.

About Take-Two Interactive Software

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.