Take-Two Interactive Software, Inc. $TTWO Stock Acquired by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its Take-Two stake by 11.3% in the third quarter, adding 4,864 shares to reach 47,807 shares valued at about $9.7 million.
• Take-Two reported quarterly revenue of $1.53 billion, above estimates of $1.36 billion, but EPS was a loss of $0.18 versus analysts’ expected profit of $0.33. Revenue was down 2.1% year over year.
• Analyst sentiment was a “Moderate Buy,” with a consensus price target of $286.57; 21 analysts rated the stock Buy, two Hold, and one Sell.

Rakuten Investment Management Inc. lifted its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,807 shares of the company's stock after purchasing an additional 4,864 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Take-Two Interactive Software were worth $9,694,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $4,560,679,000. Amundi boosted its holdings in Take-Two Interactive Software by 38.1% during the first quarter. Amundi now owns 2,493,985 shares of the company's stock worth $492,562,000 after buying an additional 688,133 shares in the last quarter. Bank of America Corp DE purchased a new stake in Take-Two Interactive Software during the second quarter worth $599,405,000. Royal Bank of Canada grew its position in Take-Two Interactive Software by 12.2% during the first quarter. Royal Bank of Canada now owns 1,524,234 shares of the company's stock valued at $301,036,000 after buying an additional 166,145 shares during the period. Finally, Bessemer Group Inc. grew its position in Take-Two Interactive Software by 1.4% during the first quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company's stock valued at $291,489,000 after buying an additional 19,702 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Up 2.1%

Shares of NASDAQ:TTWO opened at $213.36 on Friday. Take-Two Interactive Software, Inc. has a 1 year low of $183.86 and a 1 year high of $265.94. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of -123.33, a price-to-earnings-growth ratio of 1.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The business's 50 day moving average price is $207.89 and its 200-day moving average price is $219.25.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share (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 analyst estimates 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%. Take-Two Interactive Software's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. On average, equities research analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Sheresky sold 484 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $203.69, for a total transaction of $98,585.96. Following the transaction, the director directly owned 66,010 shares of the company's stock, valued at $13,445,576.90. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William Gordon sold 10,000 shares of the stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $202.39, for a total transaction of $2,023,900.00. Following the transaction, the director directly owned 47,187 shares in the company, valued at approximately $9,550,176.93. The trade was a 17.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 53,636 shares of company stock valued at $12,930,991 in the last three months. Company insiders own 1.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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. BMO Capital Markets reissued an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Piper Sandler restated an "overweight" rating and set a $290.00 target price on shares of Take-Two Interactive Software in a research report on Monday. Oppenheimer restated an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, September 8th. Finally, Bank of America reduced their price target on Take-Two Interactive Software from $368.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, October 27th. Twenty-one equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $286.57.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc is an American video game publisher and developer headquartered in New York City. Founded in 1993, the company develops and publishes interactive entertainment for consoles, personal computers and mobile devices, serving customers in markets around the world.

Take-Two operates through several publishing labels, including Rockstar Games, 2K and Zynga. Its portfolio includes major franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, WWE 2K, Borderlands, BioShock, Civilization and The Quarry, as well as a broad range of mobile and free-to-play titles.

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