Deutsche Bank AG Makes New Investment in Take-Two Interactive Software, Inc. $TTWO

Deutsche Bank AG acquired a new stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in the second quarter, Holdings Channel reports. The fund acquired 823,497 shares of the company’s stock, valued at approximately $205,858,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Take-Two Interactive Software by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares in the last quarter. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares during the period. Geode Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after acquiring an additional 60,893 shares in the last quarter. Invesco Ltd. lifted its position in shares of Take-Two Interactive Software by 0.6% in the 4th quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after acquiring an additional 16,758 shares in the last quarter. Finally, Norges Bank acquired a new position in Take-Two Interactive Software in the 4th quarter worth approximately $735,389,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 21,102 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total value of $4,634,210.22. Following the transaction, the insider directly owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares of the company’s stock, valued at approximately $4,421,565.48. This represents a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 610,759 shares of company stock valued at $138,737,789. Insiders own 1.12% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO opened at $242.40 on Wednesday. The company’s 50 day moving average price is $240.32 and its 200 day moving average price is $221.50. Take-Two Interactive Software, Inc. has a 52 week low of $187.63 and a 52 week high of $265.94. The company has a market capitalization of $45.32 billion, a PE ratio of -140.11, a PEG ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last released its 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). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. 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. Research analysts expect that Take-Two Interactive Software, Inc. will post 5.3 EPS for the current fiscal year.

Analyst Ratings Changes

TTWO has been the topic of several research analyst reports. BTIG Research lifted their price objective on shares of Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price for the company. Bank of America raised their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer lifted their price target on Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $296.95.

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.