Royal Bank of Canada Purchases 120,220 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Royal Bank of Canada increased its stake in Take-Two Interactive Software by 18.9%, owning approximately 754,848 shares valued at $156.4 million.
• The company recently reported earnings of $0.61 EPS, significantly beating expectations of $0.28, with revenue rising 16.4% year-over-year to $1.50 billion.
• Multiple investment firms have updated their price targets for the stock, with estimates ranging from $260 to $275 and a consensus rating of "Moderate Buy".

Royal Bank of Canada boosted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 18.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 754,848 shares of the company's stock after acquiring an additional 120,220 shares during the quarter. Royal Bank of Canada owned 0.43% of Take-Two Interactive Software worth $156,443,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at $28,000. North Capital Inc. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at $35,000. Zions Bancorporation National Association UT bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at $37,000. Graybill Wealth Management LTD. bought a new stake in shares of Take-Two Interactive Software in the 1st quarter valued at $37,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Take-Two Interactive Software by 46.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock valued at $38,000 after purchasing an additional 57 shares during the last quarter. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Stock Down 0.4%

TTWO traded down $0.97 during trading on Friday, hitting $239.68. 979,291 shares of the company's stock were exchanged, compared to its average volume of 1,653,426. 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's 50 day moving average is $232.40 and its two-hundred day moving average is $224.16. Take-Two Interactive Software, Inc. has a fifty-two week low of $146.76 and a fifty-two week high of $245.07. The stock has a market cap of $44.21 billion, a P/E ratio of -10.01, a PEG ratio of 6.05 and a beta of 1.00.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted ($1.52) earnings per share. The business's revenue was up 16.4% on a year-over-year basis. 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 analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 2,325 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $528,867.75. Following the transaction, the director owned 9,063 shares in the company, valued at approximately $2,061,560.61. This represents a 20.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 45,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 281,495 shares in the company, valued at approximately $65,081,644. The trade was a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 141,411 shares of company stock valued at $32,430,724. 1.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TTWO. Morgan Stanley upped their price objective on shares of Take-Two Interactive Software from $210.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen downgraded shares of Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Zacks Research upgraded shares of Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 13th. DA Davidson boosted their target price on shares of Take-Two Interactive Software from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Raymond James Financial boosted their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Take-Two Interactive Software has a consensus rating of "Moderate Buy" and a consensus target price of $248.32.

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.