421,303 Take-Two Interactive Software, Inc. $TTWO Shares Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Take-Two stake by 68.2%, acquiring 421,303 additional shares and bringing its total holdings to 1.04 million shares valued at approximately $215.7 million. Institutional investors collectively own 95.46% of the company.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding estimates of $1.36 billion, but missed earnings expectations with a loss of $0.18 per share versus consensus for $0.33 in earnings. Revenue declined 2.1% year over year.
• Analysts remain broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $298.82, despite mixed ratings and recent insider selling.

Assenagon Asset Management S.A. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 68.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,039,290 shares of the company's stock after acquiring an additional 421,303 shares during the quarter. Assenagon Asset Management S.A. owned 0.56% of Take-Two Interactive Software worth $215,653,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Take-Two Interactive Software in the second quarter valued at about $4,560,679,000. Bank of America Corp DE acquired a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $599,405,000. Amundi increased its position in Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company's stock worth $492,562,000 after purchasing an additional 688,133 shares during the period. Royal Bank of Canada increased its position in Take-Two Interactive Software by 12.2% during the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company's stock worth $301,036,000 after purchasing an additional 166,145 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Take-Two Interactive Software by 1.4% during the 1st quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company's stock worth $291,489,000 after buying an additional 19,702 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Up 4.1%

Shares of NASDAQ TTWO opened at $209.38 on Friday. The stock has a market capitalization of $39.15 billion, a price-to-earnings ratio of -121.03, a price-to-earnings-growth ratio of 1.40 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The firm has a 50-day moving average price of $219.30 and a 200 day moving average price of $224.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company's quarterly 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. Equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTWO has been the subject of several recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Tuesday, October 6th. Oppenheimer restated an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 8th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Take-Two Interactive Software in a report on Wednesday. BTIG Research upped their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Wells Fargo & Company reiterated an "overweight" rating on shares of Take-Two Interactive Software in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average target price of $298.82.

Insider Activity at Take-Two Interactive Software

In other news, Director LaVerne Srinivasan sold 362 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the sale, the director owned 8,357 shares of the company's stock, valued at $2,047,548.57. The trade was a 4.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Emerson sold 744 shares of the company'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 owned 112,327 shares in the company, valued at approximately $24,378,328.81. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last 90 days, insiders sold 53,302 shares of company stock worth $12,863,216. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc is a global video game publisher and developer headquartered in New York City. Founded in 1993, the company creates and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier's Civilization and other sports, action, strategy and role-playing titles.

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