TimesSquare Capital added to Take-Two on weakness, dismissing Google Genie threat

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โดย Insider Monkey·Read original
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TimesSquare Capital Management’s U.S. Mid Cap Growth Strategy added to its position in Take-Two Interactive Software during the first quarter of 2026, citing confidence in the company’s intellectual property and the planned November launch of Grand Theft Auto 6. The strategy noted that Take-Two shares fell 23% on speculation that Google’s Project Genie would harm game developers, but its own research concluded Genie poses no threat. Take-Two’s fiscal third-quarter results reinforced the firm’s conviction. The stock closed at $249.98 on June 30, 2026, with a market capitalization of $46.41 billion, and posted a one-month return of 15.84%.

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