Nykredit A S Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Nykredit A/S acquired 72,711 shares of Take-Two Interactive Software in the second quarter, valued at approximately $18.2 million. Institutional investors collectively own 95.46% of the company.
• Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $296.95; recent targets range as high as $313.
• Take-Two reported quarterly revenue of $1.53 billion, exceeding estimates, but its adjusted loss of $0.18 per share missed consensus by $0.51. The stock opened at $205.45, below its 50-day and 200-day moving averages.

Nykredit A S bought a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 72,711 shares of the company's stock, valued at approximately $18,176,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $4,560,679,000. Geode Capital Management LLC increased its holdings 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 acquiring an additional 60,893 shares during the period. Norges Bank bought a new stake in Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. Amundi increased its holdings in Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company's stock worth $492,562,000 after acquiring an additional 688,133 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth approximately $599,405,000. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTWO has been the subject of a number of recent analyst reports. Roth Capital boosted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, August 10th. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Monday, August 10th. Raymond James Financial set a $300.00 price objective on Take-Two Interactive Software in a research report on Thursday, August 6th. BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Finally, BTIG Research boosted their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $296.95.

Insiders Place Their Bets

In related news, insider Daniel Emerson sold 917 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $217.65, for a total value of $199,585.05. Following the transaction, the insider owned 113,071 shares of the company's stock, valued at $24,609,903.15. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Strauss Zelnick sold 40,000 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $252.64, for a total value of $10,105,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,652 shares of company stock valued at $10,947,380 over the last quarter. Insiders own 1.12% of the company's stock.

Take-Two Interactive Software Price Performance

TTWO stock opened at $205.45 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. Take-Two Interactive Software, Inc. has a one year low of $187.63 and a one year high of $265.94. The stock has a market cap of $38.42 billion, a PE ratio of -118.76, a P/E/G ratio of 1.43 and a beta of 0.97. The firm has a 50 day simple moving average of $232.40 and a two-hundred day simple moving average of $224.11.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate 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%.Take-Two Interactive Software's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. 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. On average, analysts predict that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current fiscal year.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is a global developer, publisher and marketer of interactive entertainment. The company creates and distributes games for consoles, personal computers and mobile devices, as well as related downloadable content, subscriptions and in-game services.

Take-Two operates through well-known labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and XCOM franchises, along with mobile and social games such as Zynga's casual and social entertainment offerings.

Founded in 1993 and headquartered in New York City, Take-Two serves customers worldwide through both physical retail channels and digital distribution platforms.

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