Danske Bank A S Invests $30.18 Million in Take-Two Interactive Software, Inc. $TTWO

Danske Bank A S bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 120,751 shares of the company's stock, valued at approximately $30,185,000. Danske Bank A S owned 0.06% of Take-Two Interactive Software at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTWO. Gables Capital Management Inc. acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth about $3,117,000. Wealthfront Advisers LLC acquired a new position in shares of Take-Two Interactive Software in the second quarter valued at about $5,533,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Take-Two Interactive Software in the second quarter valued at about $37,090,000. Deepwater Asset Management LLC purchased a new position in shares of Take-Two Interactive Software in the second quarter worth about $7,981,000. Finally, Meeder Advisory Services Inc. purchased a new position in shares of Take-Two Interactive Software in the second quarter worth about $1,030,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Down 2.2%

Take-Two Interactive Software stock opened at $237.04 on Thursday. The business's 50-day moving average price is $240.85 and its 200 day moving average price is $221.49. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market cap of $44.32 billion, a price-to-earnings ratio of -137.02, a price-to-earnings-growth ratio of 1.61 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.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm posted ($0.07) earnings per share. The company's 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. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Insider Activity

In related news, Director Michael Dornemann sold 1,151 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the transaction, the director directly owned 20,374 shares in the company, valued at $4,421,565.48. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 208,969 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the chief executive officer directly owned 1,006,021 shares in the company, valued at $228,708,814.14. This trade represents a 17.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 610,759 shares of company stock valued at $138,737,789. 1.12% of the stock is currently owned by company insiders.

More Take-Two Interactive Software News

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Analysts maintain a broadly bullish view of TTWO, with a consensus “Buy” rating and an average price target of approximately $296.95. DA Davidson, Oppenheimer and Robert W. Baird recently reiterated or upgraded their targets, citing the company’s long-term growth prospects. Take-Two Interactive Software Given Consensus Recommendation of Buy by Analysts
• Positive Sentiment: Institutional demand provides a supportive ownership backdrop: BlackRock, Norges Bank, Bank of America and other large investors recently established or expanded positions. Institutions now own roughly 95% of the outstanding shares.
• Positive Sentiment: New GTA 6 gameplay material briefly increased investor interest in Take-Two, highlighting the franchise’s ability to generate substantial market attention ahead of its release. TTWO Stock Reacts as GTA 6 Gameplay Leaked Online
• Neutral Sentiment: The leak has not been confirmed as an official company announcement and does not provide new information about the game’s launch timing, pricing or sales outlook. As a result, the initial rally faded rather than developing into a sustained move.
• Negative Sentiment: Take-Two’s latest quarterly results showed an adjusted loss of $0.18 per share versus expectations for earnings of $0.33, although revenue of $1.53 billion exceeded estimates. Revenue also declined 2.1% year over year, keeping profitability concerns in focus.
• Negative Sentiment: Several directors sold shares, including Michael Sheresky, Laverne Evans Srinivasan and Ellen F. Siminoff. The trades were conducted under pre-arranged plans and were small relative to their remaining holdings, but they nevertheless add modest selling pressure and may temper sentiment.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TTWO shares. DA Davidson reiterated a "buy" rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Robert W. Baird raised their price target on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Oppenheimer lifted their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research note on Monday, August 10th. Wells Fargo & Company upped their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Finally, Raymond James Financial set a $300.00 target price on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $296.95.

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.

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