Swedbank AB Raises Stake in Take-Two Interactive Software, Inc. $TTWO

Key Points

• Swedbank AB has increased its stake in Take-Two Interactive Software, Inc. by 5.0%, now owning 120,814 shares valued at approximately $29.34 million.
• Multiple hedge funds have adjusted their holdings in Take-Two, with institutional investors now owning 95.46% of the company's stock.
• Wall Street analysts have upgraded their price targets for Take-Two, with UBS and Bank of America setting new targets of $285, indicating strong growth expectations.

Swedbank AB boosted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,814 shares of the company's stock after acquiring an additional 5,772 shares during the period. Swedbank AB owned 0.07% of Take-Two Interactive Software worth $29,340,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Clarius Group LLC bought a new position in shares of Take-Two Interactive Software in the 1st quarter worth $404,000. Mackenzie Financial Corp increased its holdings in shares of Take-Two Interactive Software by 13.2% in the 4th quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after buying an additional 1,833 shares during the last quarter. Cornerstone Investment Partners LLC increased its holdings in shares of 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 worth $60,645,000 after buying an additional 36,112 shares during the last quarter. Stonebridge Financial Group LLC increased its holdings in shares of 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 worth $246,000 after buying an additional 1,156 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of 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 worth $2,910,000 after buying an additional 1,231 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 1,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $239.57, for a total value of $239,570.00. Following the completion of the sale, the director directly owned 21,901 shares in the company, valued at $5,246,822.57. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Strauss Zelnick sold 45,000 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total transaction of $10,404,000.00. Following the completion of the sale, the chief executive officer owned 281,495 shares of the company's stock, valued at $65,081,644. This represents a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 141,825 shares of company stock valued at $32,532,671. 1.34% of the stock is owned by company insiders.

Analyst Ratings Changes

TTWO has been the topic of a number of research analyst reports. Bank of America increased their price target on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Citigroup upped their price objective on shares of Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Benchmark upped their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wedbush upped their price objective on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, UBS Group upped their price objective on shares of Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $248.32.

Take-Two Interactive Software Trading Up 0.4%

NASDAQ TTWO traded up $1.11 during trading on Friday, hitting $250.85. The company had a trading volume of 3,619,937 shares, compared to its average volume of 1,290,819. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The company's fifty day moving average is $234.02 and its 200-day moving average is $226.80. The company has a market cap of $46.27 billion, a price-to-earnings ratio of -10.48, a price-to-earnings-growth ratio of 5.32 and a beta of 1.00. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $252.61.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.33. The business had revenue of $1.50 billion during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($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. On average, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Take-Two Interactive Software Profile

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.