Public Employees Retirement System of Ohio Buys New Shares in Take-Two Interactive Software, Inc. $TTWO

Public Employees Retirement System of Ohio purchased a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,147 shares of the company’s stock, valued at approximately $21,035,000.

Other hedge funds have also recently added to or reduced their stakes in the company. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $1,858,000. One68 Global Capital LLC purchased a new stake in Take-Two Interactive Software in the second quarter worth approximately $500,000. Blue Edge Capital LLC bought a new position in Take-Two Interactive Software during the second quarter valued at approximately $437,000. Proficio Capital Partners LLC purchased a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $238,000. Finally, Pure Financial Advisors LLC purchased a new position in shares of Take-Two Interactive Software during the second quarter worth approximately $232,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Up 1.0%

Shares of NASDAQ:TTWO opened at $235.39 on Friday. The stock has a fifty day simple moving average of $242.28 and a two-hundred day simple moving average of $222.76. The stock has a market capitalization of $44.01 billion, a price-to-earnings ratio of -136.06, a PEG ratio of 1.56 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 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 (NASDAQ:TTWO) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.36 billion. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue 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. On average, research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at approximately $5,349,131.48. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director directly owned 20,374 shares in the company, valued at approximately $4,421,565.48. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 540,759 shares of company stock worth $123,183,789 in the last quarter. Insiders own 1.12% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Robert W. Baird lifted their price objective on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Zacks Research lowered Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price target for the company. 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $296.95.

Key Take-Two Interactive Software News

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

About Take-Two Interactive Software

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.