Saudi Central Bank Acquires 5,494 Shares of Take-Two Interactive Software, Inc. $TTWO

Saudi Central Bank raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 80.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,314 shares of the company’s stock after buying an additional 5,494 shares during the quarter. Saudi Central Bank’s holdings in Take-Two Interactive Software were worth $3,078,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter worth $25,000. Mosley Wealth Management lifted its stake in shares of Take-Two Interactive Software by 266.7% in the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $32,000. MV Capital Management Inc. acquired a new stake in Take-Two Interactive Software during the fourth quarter worth about $34,000. Finally, Compass Financial Management LLC bought a new position in Take-Two Interactive Software during the second quarter valued at about $35,000. 95.46% of the stock is owned by institutional investors.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen Siminoff sold 334 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $242.34, for a total transaction of $80,941.56. Following the transaction, the director owned 1,666 shares in the company, valued at $403,738.44. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the sale, the director owned 8,357 shares of the company’s stock, valued at $2,047,548.57. This trade represents a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 52,658 shares of company stock worth $12,948,552. 1.12% of the stock is currently owned by company insiders.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $214.69 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. Take-Two Interactive Software, Inc. has a 12-month low of $187.63 and a 12-month high of $265.94. The stock’s fifty day simple moving average is $239.35 and its 200-day simple moving average is $223.66. The firm has a market capitalization of $40.14 billion, a P/E ratio of -124.10, a P/E/G ratio of 1.43 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. 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. Equities research analysts expect that Take-Two Interactive Software, Inc. will post 5.51 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of Take-Two Interactive Software in a research note on Monday, August 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Friday, July 10th. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a report on Tuesday, August 11th. They set an “overweight” rating and a $310.00 price objective on the stock. Finally, Piper Sandler reiterated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Take-Two Interactive Software presently has a consensus rating of “Moderate 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.