Take-Two Interactive Software, Inc. $TTWO Stake Increased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in Take-Two Interactive Software by 107.8%, acquiring an additional 519,518 shares during the second quarter, bringing its total holdings to over 1 million shares valued at approximately $243 million.
• Analysts have recently upgraded their price targets on Take-Two Interactive Software, with estimates now ranging between $260.00 to $285.00 and a consensus rating of "Moderate Buy".
• The company reported a significant 16.4% year-over-year revenue increase, generating $1.50 billion in revenue for the last quarter and beating analysts' expectations.

Assenagon Asset Management S.A. increased its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 107.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,001,531 shares of the company's stock after acquiring an additional 519,518 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.56% of Take-Two Interactive Software worth $243,222,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in shares of Take-Two Interactive Software in the first quarter worth about $29,000. Park Square Financial Group LLC acquired a new stake in Take-Two Interactive Software during the fourth quarter valued at approximately $28,000. Game Plan Financial Advisors LLC acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $31,000. North Capital Inc. acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $35,000. Finally, Zions Bancorporation National Association UT acquired a new stake in Take-Two Interactive Software during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 95.46% of the company's stock.

Wall Street Analysts Forecast Growth

TTWO has been the topic of several research reports. Wells Fargo & Company initiated coverage on Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 price objective on the stock. Raymond James Financial upped their price objective on 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. UBS Group upped their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Citigroup upped their price objective on 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. Finally, Bank of America upped their price objective on 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. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $248.32.

Take-Two Interactive Software Price Performance

NASDAQ TTWO traded up $0.56 on Monday, reaching $251.41. 930,259 shares of the stock traded hands, compared to its average volume of 1,958,394. The firm's fifty day simple moving average is $234.02 and its 200 day simple moving average is $226.93. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.72. The company has a market cap of $46.38 billion, a price-to-earnings ratio of -10.50, a P/E/G ratio of 5.32 and a beta of 1.00. Take-Two Interactive Software, Inc. has a 12 month low of $146.76 and a 12 month high of $255.33.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted ($1.52) EPS. 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. As a group, research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Jon J. Moses sold 1,000 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $239.57, for a total transaction of $239,570.00. Following the completion of the sale, the director directly owned 21,901 shares of the company's stock, valued at $5,246,822.57. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Strauss Zelnick sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $230.69, for a total value of $4,613,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,825 shares of company stock worth $32,532,671. 1.34% of the stock is owned by insiders.

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.