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

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 0.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 410,241 shares of the company’s stock after selling 3,645 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Take-Two Interactive Software were worth $85,125,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners bought a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $25,000. Mosley Wealth Management boosted its holdings in Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the last quarter. Burkett Financial Services LLC bought a new position in Take-Two Interactive Software in the third quarter valued at $28,000. Washington Trust Advisors Inc. increased its stake in Take-Two Interactive Software by 116.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Take-Two Interactive Software during the 2nd quarter worth about $32,000. 95.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Daniel Emerson sold 744 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $217.03, for a total value of $161,470.32. Following the completion of the sale, the insider directly owned 112,327 shares of the company’s stock, valued at $24,378,328.81. This trade represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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. Also, Director Ellen Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $202.92, for a total value of $67,775.28. Following the transaction, the director owned 1,332 shares of the company’s stock, valued at $270,289.44. This represents a 20.05% 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. Over the last 90 days, insiders sold 53,636 shares of company stock valued at $12,930,991. Insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTWO. JPMorgan Chase & Co. initiated coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price on the stock. Piper Sandler reissued an “overweight” rating and set a $290.00 price target on shares of Take-Two Interactive Software in a research report on Monday. Arete Research reduced their price target on Take-Two Interactive Software from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Wednesday, September 9th. Roth Capital raised their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Twenty-one analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.00.

Take-Two Interactive Software Stock Up 1.5%

Shares of TTWO stock opened at $194.99 on Wednesday. Take-Two Interactive Software, Inc. has a 52-week low of $183.86 and a 52-week high of $265.94. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of -112.71, a PEG ratio of 1.43 and a beta of 0.93. The firm’s 50-day moving average is $208.77 and its 200-day moving average is $219.56. 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 (NASDAQ:TTWO) last posted 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). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. 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. Sell-side analysts predict that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current year.

Take-Two Interactive Software Profile

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.