Take-Two Interactive Software, Inc. $TTWO Stock Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. sharply increased its Take-Two stake, adding 158,371 shares—a 1,568% increase—to hold 168,471 shares valued at about $35.1 million. Institutional investors collectively owned 95.46% of the company.
• Take-Two reported quarterly revenue of $1.53 billion, above estimates of $1.36 billion, but earnings per share of a $0.18 loss missed the $0.33 consensus; revenue was down 2.1% year over year.
• Analysts had an overall “Moderate Buy” rating and an average price target of $287.76. Recent insider sales totaled 13,636 shares worth about $2.83 million.

Candriam S.C.A. increased its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 1,568.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,471 shares of the company's stock after purchasing an additional 158,371 shares during the period. Candriam S.C.A. owned 0.09% of Take-Two Interactive Software worth $35,085,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. StoneX Group Inc. grew its position in shares of Take-Two Interactive Software by 32.9% during the third quarter. StoneX Group Inc. now owns 2,993 shares of the company's stock worth $621,000 after purchasing an additional 741 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Take-Two Interactive Software by 31.6% during the third quarter. Pictet Asset Management Holding SA now owns 454,091 shares of the company's stock valued at $94,224,000 after buying an additional 109,103 shares during the last quarter. Alps Advisors Inc. raised its position in shares of Take-Two Interactive Software by 1.5% during the third quarter. Alps Advisors Inc. now owns 7,112 shares of the company's stock valued at $1,476,000 after buying an additional 108 shares during the last quarter. CenterBook Partners LP raised its position in shares of Take-Two Interactive Software by 176.8% during the third quarter. CenterBook Partners LP now owns 32,828 shares of the company's stock valued at $6,812,000 after buying an additional 20,967 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC raised its position in shares of Take-Two Interactive Software by 57.7% during the third quarter. Allegiance Financial Group Advisory Services LLC now owns 1,326 shares of the company's stock valued at $275,000 after buying an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $214.87 on Monday. The firm has a fifty day moving average price of $207.53 and a 200 day moving average price of $219.12. Take-Two Interactive Software, Inc. has a fifty-two week low of $183.86 and a fifty-two week high of $265.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $40.18 billion, a PE ratio of -124.20, a price-to-earnings-growth ratio of 1.60 and a beta of 0.93.

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 for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm posted ($0.07) EPS. The company's revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff sold 334 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $202.92, for a total transaction of $67,775.28. Following the sale, the director directly owned 1,332 shares in the company, valued at approximately $270,289.44. This represents a 20.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William B. Gordon sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 47,187 shares of the company's stock, valued at approximately $9,550,176.93. The trade was a 17.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 13,636 shares of company stock worth $2,825,391. Insiders own 1.12% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BTIG Research lowered their target price on shares of Take-Two Interactive Software from $313.00 to $262.00 and set a "buy" rating on the stock in a report on Wednesday, November 4th. JPMorgan Chase & Co. assumed coverage on shares of Take-Two Interactive Software in a research note on Tuesday, August 11th. They set an "overweight" rating and a $310.00 target price for the company. BMO Capital Markets reiterated an "outperform" rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Zacks Research downgraded shares of Take-Two Interactive Software from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Take-Two Interactive Software in a research note on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $287.76.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga.

The company's portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.

Founded in 1993 and headquartered in New York City, Take-Two acquired mobile-game publisher Zynga in 2022.

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