EFG International AG Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• EFG International AG acquired 14,129 Take-Two shares in the second quarter, valued at approximately $3.53 million. Institutional investors collectively own 95.46% of the company.
• Take-Two insiders sold 540,759 shares worth approximately $123.2 million during the last quarter, including CEO Strauss Zelnick’s sale of 40,000 shares for $10.1 million.
• The company missed quarterly EPS estimates, reporting a loss of $0.18 per share despite $1.53 billion in revenue. Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $296.95 versus the reported share price of $233.45.

EFG International AG bought a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,129 shares of the company's stock, valued at approximately $3,531,000.

Other large investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its position in Take-Two Interactive Software by 597.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company's stock valued at $1,134,000 after purchasing an additional 4,920 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company's stock valued at $11,489,000 after buying an additional 14,050 shares during the period. Fiera Capital Corp boosted its stake in Take-Two Interactive Software by 33.9% in the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company's stock valued at $16,489,000 after acquiring an additional 16,314 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in Take-Two Interactive Software during the 2nd quarter worth $37,090,000. Finally, Swedbank AB raised its position in shares of Take-Two Interactive Software by 7.6% during the 4th quarter. Swedbank AB now owns 134,638 shares of the company's stock valued at $34,471,000 after acquiring an additional 9,556 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, CEO Strauss Zelnick sold 40,000 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jon J. Moses sold 500 shares of the business's stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $244.61, for a total transaction of $122,305.00. Following the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 540,759 shares of company stock worth $123,183,789. Insiders own 1.12% of the company's stock.

Take-Two Interactive Software Stock Up 0.2%

Take-Two Interactive Software stock opened at $233.45 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a fifty day simple moving average of $242.48 and a 200 day simple moving average of $222.41. The company has a market cap of $43.65 billion, a P/E ratio of -134.94, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. 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. Research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TTWO. Piper Sandler reiterated an "overweight" rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BMO Capital Markets restated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Roth Capital lifted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. Finally, Wells Fargo & Company raised their price target on Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $296.95.

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.

Want to see what other hedge funds are holding TTWO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.