81,561 Shares in Take-Two Interactive Software, Inc. $TTWO Acquired by Nykredit A S

Nykredit A S bought a new position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) during the second quarter, Holdings Channel reports. The fund bought 81,561 shares of the company’s stock, valued at approximately $20,389,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $4,560,679,000. State Street Corp increased its holdings in Take-Two Interactive Software by 3.5% in the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after purchasing an additional 390,331 shares during the period. Geode Capital Management LLC increased its holdings in Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the period. Invesco Ltd. raised its position in Take-Two Interactive Software by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after purchasing an additional 16,758 shares during the last quarter. Finally, Norges Bank acquired a new position in Take-Two Interactive Software during the 4th quarter worth about $735,389,000. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. BTIG Research upped their price target on Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Wedbush reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Raymond James Financial set a $300.00 target price on Take-Two Interactive Software in a report on Thursday, August 6th. Finally, Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $296.95.

Take-Two Interactive Software Trading Down 0.9%

Shares of TTWO stock opened at $214.13 on Friday. The company has a market cap of $40.04 billion, a P/E ratio of -123.77, a PEG ratio of 1.44 and a beta of 0.97. The stock has a 50 day simple moving average of $240.47 and a two-hundred day simple moving average of $223.37. 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, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results 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). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. 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. Research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel Emerson sold 8,840 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $214.00, for a total transaction of $1,891,760.00. Following the transaction, the insider directly owned 122,828 shares of the company’s stock, valued at $26,285,192. This represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 40,000 shares of Take-Two Interactive Software stock in a transaction on 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. Insiders have sold 59,837 shares of company stock worth $14,479,256 over the last ninety days. 1.12% of the stock is owned by corporate insiders.

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.