Allianz Asset Management GmbH Has $90.98 Million Position in Take-Two Interactive Software, Inc. $TTWO

Allianz Asset Management GmbH grew its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 527.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,970 shares of the company's stock after buying an additional 305,952 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.19% of Take-Two Interactive Software worth $90,985,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mayflower Financial Advisors LLC increased its stake in Take-Two Interactive Software by 3.6% during the 1st quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company's stock worth $269,000 after buying an additional 48 shares during the period. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its stake in shares of Take-Two Interactive Software by 5.7% in the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company's stock worth $190,000 after acquiring an additional 52 shares in the last quarter. Huntington National Bank increased its position in shares of Take-Two Interactive Software by 4.5% during the fourth quarter. Huntington National Bank now owns 1,335 shares of the company's stock worth $342,000 after acquiring an additional 57 shares during the period. UMB Bank n.a. raised its position in Take-Two Interactive Software by 12.4% in the 4th quarter. UMB Bank n.a. now owns 535 shares of the company's stock valued at $137,000 after purchasing an additional 59 shares in the last quarter. Finally, Ballentine Partners LLC boosted its stake in shares of Take-Two Interactive Software by 6.0% in the 4th quarter. Ballentine Partners LLC now owns 1,063 shares of the company's stock valued at $272,000 after buying an additional 60 shares during the period. 95.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TTWO. Weiss Ratings reiterated a "sell (d-)" rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Piper Sandler reissued an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. UBS Group reissued a "buy" rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Roth Capital raised their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, DA Davidson reissued a "buy" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $296.95.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel Emerson sold 4,421 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.00, for a total transaction of $950,515.00. Following the completion of the transaction, the insider owned 118,407 shares in the company, valued at approximately $25,457,505. This represents a 3.60% decrease in their position. The sale was disclosed in a 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 the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The SEC filing for this sale provides additional information. Insiders have sold 52,658 shares of company stock worth $12,948,552 in the last 90 days. Corporate insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $214.69 on Tuesday. The stock's 50-day moving average price is $239.35 and its 200 day moving average price is $223.66. Take-Two Interactive Software, Inc. has a 52-week low of $187.63 and a 52-week high of $265.94. The stock has a market capitalization of $40.14 billion, a PE ratio of -124.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. 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 released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS 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 analysts' expectations of $1.36 billion. During the same quarter last year, the company earned ($0.07) EPS. Take-Two Interactive Software's revenue for the quarter 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. As a group, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Take-Two Interactive Software Company Profile

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.

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