Truist Financial Corp Sells 22,089 Shares of Take-Two Interactive Software, Inc. $TTWO

Truist Financial Corp decreased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 30.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,244 shares of the company’s stock after selling 22,089 shares during the quarter. Truist Financial Corp’s holdings in Take-Two Interactive Software were worth $12,445,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TTWO. Clarius Group LLC bought a new stake in Take-Two Interactive Software in the first quarter valued at about $404,000. Cornerstone Investment Partners LLC increased its stake in Take-Two Interactive Software by 14.1% in the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company’s stock valued at $60,645,000 after acquiring an additional 36,112 shares during the period. Stonebridge Financial Group LLC increased its stake in Take-Two Interactive Software by 3,986.2% in the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company’s stock valued at $246,000 after acquiring an additional 1,156 shares during the period. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Take-Two Interactive Software in the first quarter valued at about $1,039,000. Finally, Eagle Rock Investment Company LLC increased its stake in Take-Two Interactive Software by 12.3% in the first quarter. Eagle Rock Investment Company LLC now owns 24,219 shares of the company’s stock valued at $5,019,000 after acquiring an additional 2,660 shares during the period. Institutional investors own 95.46% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jon J. Moses sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $239.57, for a total value of $239,570.00. Following the transaction, the director directly owned 21,901 shares in the company, valued at $5,246,822.57. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the transaction, the insider owned 129,792 shares in the company, valued at $29,523,786.24. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 141,825 shares of company stock valued at $32,532,671 over the last three months. 1.34% of the stock is owned by insiders.

Take-Two Interactive Software Trading Up 0.3%

Shares of NASDAQ TTWO opened at $257.68 on Friday. The company’s 50 day simple moving average is $238.32 and its 200 day simple moving average is $230.17. Take-Two Interactive Software, Inc. has a fifty-two week low of $147.78 and a fifty-two week high of $261.47. The firm has a market capitalization of $47.53 billion, a P/E ratio of -10.76, a P/E/G ratio of 5.47 and a beta of 1.01. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted ($1.52) earnings per share. Take-Two Interactive Software’s revenue was up 16.4% compared to the same quarter last year. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. On average, analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of analyst reports. Benchmark upped their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Citigroup upped their target price on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Raymond James Financial upped their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Bank of America upped their target price on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, UBS Group upped their price objective on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Nineteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software has an average rating of “Moderate Buy” and an average target price of $249.50.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.