Deutsche Bank AG bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 823,497 shares of the company's stock, valued at approximately $205,858,000. Deutsche Bank AG owned approximately 0.44% of Take-Two Interactive Software at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in TTWO. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company's stock worth $5,598,914,000 after buying an additional 166,661 shares during the period. State Street Corp grew its stake in Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company's stock worth $2,919,362,000 after buying an additional 390,331 shares during the period. Geode Capital Management LLC boosted its position in Take-Two Interactive Software by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company's stock worth $1,242,204,000 after purchasing an additional 60,893 shares during the period. Invesco Ltd. boosted its position in shares of Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company's stock worth $739,707,000 after buying an additional 16,758 shares during the period. Finally, Norges Bank purchased a new position in Take-Two Interactive Software in the 4th quarter worth approximately $735,389,000. Hedge funds and other institutional investors own 95.46% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TTWO. Oppenheimer upped 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 report on Monday, August 10th. Robert W. Baird boosted their price objective on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. Bank of America boosted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Finally, Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of "Buy" and an average price target of $296.95.
View Our Latest Report on Take-Two Interactive Software
Take-Two Interactive Software Price Performance
Shares of NASDAQ TTWO opened at $242.40 on Wednesday. Take-Two Interactive Software, Inc. has a twelve month low of $187.63 and a twelve month high of $265.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $240.32 and a two-hundred day moving average of $221.50. The company has a market capitalization of $45.32 billion, a price-to-earnings ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97.
Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings data 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm earned ($0.07) EPS. The business's revenue for the quarter was down 2.1% on a year-over-year basis. 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, analysts expect that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.
Insider Activity
In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $88,693.62. Following the transaction, the director owned 8,357 shares of the company's stock, valued at approximately $2,047,548.57. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the sale, the director owned 21,868 shares of the company's stock, valued at $5,349,131.48. This trade represents a 2.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 610,759 shares of company stock valued at $138,737,789 in the last ninety days. 1.12% of the stock is owned by company insiders.
About Take-Two Interactive Software
(
Free Report)
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.
Further Reading
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