Nykredit A S Takes Position in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Nykredit A/S purchased 81,561 shares of Take-Two Interactive Software in the second quarter, valued at approximately $20.4 million. Institutional investors now own 95.46% of the company.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $296.95; several firms recently set targets near $300.
• Take-Two’s stock opened at $214.13, while its latest quarterly results missed EPS expectations despite revenue of $1.53 billion exceeding estimates. Insiders sold approximately $14.5 million in shares during the last quarter.

Nykredit A S purchased a new stake in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 81,561 shares of the company's stock, valued at approximately $20,389,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Take-Two Interactive Software during the 2nd quarter worth approximately $4,560,679,000. Norges Bank bought a new position in shares of Take-Two Interactive Software during the fourth quarter worth approximately $735,389,000. Bank of America Corp DE acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $599,405,000. Legal & General Group Plc acquired a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $277,219,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at approximately $234,774,000. 95.46% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ellen Siminoff sold 334 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $242.34, for a total transaction of $80,941.56. Following the completion of the transaction, the director directly owned 1,666 shares in the company, valued at approximately $403,738.44. This represents a 16.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon 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 completion of the transaction, the director owned 21,868 shares of the company's stock, valued at $5,349,131.48. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 59,837 shares of company stock valued at $14,479,256. 1.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

TTWO has been the topic of a number of analyst reports. Oppenheimer increased their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. DA Davidson reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a report on Monday, August 10th. Wedbush reiterated an "outperform" rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday, August 10th. BMO Capital Markets restated an "outperform" rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $296.95.

Take-Two Interactive Software Stock Down 0.9%

TTWO stock opened at $214.13 on Friday. The firm has a 50-day moving average price of $240.47 and a 200-day moving average price of $223.37. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 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 stock has a market capitalization of $40.04 billion, a P/E ratio of -123.77, a price-to-earnings-growth ratio of 1.44 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last announced its quarterly earnings results 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). The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted ($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. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current fiscal year.

About Take-Two Interactive Software

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.

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.

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