Erste Asset Management GmbH Has $17.65 Million Stock Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Erste Asset Management GmbH significantly increased its stake in Take-Two Interactive Software, raising its shares by 114.4% in the first quarter, bringing its total ownership to 83,849 shares valued at approximately $17.65 million.
• Multiple institutional investors have also increased their holdings in Take-Two Interactive, with over 95% of the company's stock owned by institutional investors and hedge funds.
• Take-Two reported strong quarterly earnings, posting $0.61 EPS which surpassed expectations and indicated a revenue increase of 16.4% year-over-year, leading to an optimistic forecast for upcoming quarters.

Erste Asset Management GmbH raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 114.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,849 shares of the company's stock after buying an additional 44,739 shares during the quarter. Erste Asset Management GmbH's holdings in Take-Two Interactive Software were worth $17,648,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TTWO. Canada Pension Plan Investment Board lifted its stake in Take-Two Interactive Software by 32.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 20,738 shares of the company's stock valued at $3,817,000 after buying an additional 5,135 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Take-Two Interactive Software by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,311,942 shares of the company's stock worth $241,514,000 after purchasing an additional 47,634 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Take-Two Interactive Software by 630.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 6,098 shares of the company's stock worth $1,123,000 after purchasing an additional 5,263 shares in the last quarter. Ossiam lifted its position in shares of Take-Two Interactive Software by 13.1% in the fourth quarter. Ossiam now owns 4,414 shares of the company's stock worth $813,000 after purchasing an additional 511 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Take-Two Interactive Software by 2.0% in the fourth quarter. MetLife Investment Management LLC now owns 43,388 shares of the company's stock worth $7,987,000 after purchasing an additional 838 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TTWO shares. Raymond James Financial increased their price target on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. increased their price target on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target (down from $240.00) on shares of Take-Two Interactive Software in a research report on Monday, May 5th. 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. Finally, 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. Nineteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and an average target price of $245.60.

Take-Two Interactive Software Stock Performance

TTWO stock traded up $1.16 during midday trading on Friday, hitting $229.03. 1,089,234 shares of the company traded hands, compared to its average volume of 1,915,344. Take-Two Interactive Software, Inc. has a twelve month low of $146.76 and a twelve month high of $245.07. 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 business has a 50 day simple moving average of $233.25 and a 200-day simple moving average of $222.06. The stock has a market capitalization of $42.25 billion, a price-to-earnings ratio of -9.57, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99.

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. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The company had revenue of $1,503,800 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted ($1.52) earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. 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, equities research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Jon J. Moses sold 1,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $231.33, for a total transaction of $231,330.00. Following the transaction, the director owned 22,901 shares in the company, valued at $5,297,688.33. This trade represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, the president owned 1,206,427 shares in the company, valued at approximately $272,350,895.25. This trade represents a 15.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 535,789 shares of company stock valued at $121,089,348. 1.34% of the stock is owned by company 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.