Take-Two Interactive Software, Inc. $TTWO Shares Sold by DnB Asset Management AS

Key Points

• DnB Asset Management AS has reduced its stake in Take-Two Interactive Software by 35.3%, selling 531,318 shares and now holding 973,600 shares, which constitutes approximately 0.9% of its portfolio.
• Several institutional investors, including Wealth Enhancement Advisory Services and Cornerstone Investment Partners, have increased their holdings in Take-Two, reflecting a strong interest in the company as 95.46% of the stock is institutionally owned.
• Analysts have raised price targets for Take-Two Interactive Software, with estimates now ranging from $260 to $285, indicating a strong outlook for the stock, which has an average price target of $248.32.

DnB Asset Management AS reduced its stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 35.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 973,600 shares of the company's stock after selling 531,318 shares during the period. Take-Two Interactive Software makes up approximately 0.9% of DnB Asset Management AS's portfolio, making the stock its 16th biggest position. DnB Asset Management AS owned about 0.55% of Take-Two Interactive Software worth $201,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarius Group LLC purchased a new stake in Take-Two Interactive Software in the 1st quarter valued at about $404,000. Mackenzie Financial Corp raised its holdings in Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock valued at $2,890,000 after buying an additional 1,833 shares during the period. Cornerstone Investment Partners LLC raised its holdings in Take-Two Interactive Software by 14.1% in the 1st quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock valued at $60,645,000 after buying an additional 36,112 shares during the period. Stonebridge Financial Group LLC raised its holdings in Take-Two Interactive Software by 3,986.2% in the 1st quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock valued at $246,000 after buying an additional 1,156 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Take-Two Interactive Software by 8.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock valued at $2,910,000 after buying an additional 1,231 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTWO. Wells Fargo & Company started coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective on the stock. Citigroup increased their price target on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their price target on shares of Take-Two Interactive Software from $210.00 to $230.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Benchmark increased their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Wedbush increased their price target on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $248.32.

Insider Buying and Selling

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,325 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $528,867.75. Following the transaction, the director directly owned 9,063 shares in the company, valued at $2,061,560.61. This represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Karl Slatoff sold 48,995 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $227.68, for a total transaction of $11,155,181.60. The disclosure for this sale can be found here. Insiders sold a total of 141,411 shares of company stock valued at $32,430,724 over the last three months. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Stock Down 0.4%

Shares of TTWO stock traded down $0.97 during trading hours on Friday, reaching $239.68. 979,291 shares of the stock were exchanged, compared to its average volume of 1,653,426. The business's fifty day moving average is $232.40 and its two-hundred day moving average is $224.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16. Take-Two Interactive Software, Inc. has a 12-month low of $146.76 and a 12-month high of $245.07. The firm has a market capitalization of $44.21 billion, a P/E ratio of -10.01, a P/E/G ratio of 6.03 and a beta of 1.00.

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

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.