Take-Two Interactive Software, Inc. $TTWO Stock Position Lifted by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. raised its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 151.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,300 shares of the company’s stock after acquiring an additional 2,593 shares during the period. First Citizens Bank & Trust Co.’s holdings in Take-Two Interactive Software were worth $892,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Take-Two Interactive Software in the second quarter worth about $4,560,679,000. Bank of America Corp DE acquired a new stake in shares of Take-Two Interactive Software in the 2nd quarter valued at approximately $599,405,000. Amundi grew its holdings in shares of Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after purchasing an additional 688,133 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Take-Two Interactive Software by 12.2% during the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock valued at $301,036,000 after purchasing an additional 166,145 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Take-Two Interactive Software by 1.4% during the 1st quarter. Bessemer Group Inc. now owns 1,475,888 shares of the company’s stock valued at $291,489,000 after purchasing an additional 19,702 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director William B. Gordon sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 47,187 shares of the company’s stock, valued at approximately $9,550,176.93. This represents a 17.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total transaction of $88,693.62. Following the transaction, the director owned 8,357 shares of the company’s stock, valued at approximately $2,047,548.57. The trade was a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,636 shares of company stock valued at $12,930,991 over the last three months. Insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTWO. Robert W. Baird increased their price objective on shares of Take-Two Interactive Software from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Roth Capital boosted their target price on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a report on Tuesday, October 6th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $298.82.

Take-Two Interactive Software Stock Down 2.0%

Shares of TTWO opened at $205.28 on Friday. The company has a market capitalization of $38.38 billion, a PE ratio of -118.66, a PEG ratio of 1.46 and a beta of 0.97. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The stock’s 50-day moving average price is $218.47 and its two-hundred day moving average price is $224.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) 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 the consensus estimate 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%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm 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. On average, analysts anticipate that Take-Two Interactive Software, Inc. will post 5.25 EPS for the current year.

Take-Two Interactive Software Profile

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

Take-Two operates through well-known publishing labels including Rockstar Games, 2K and Zynga. Its portfolio includes the Grand Theft Auto and Red Dead Redemption franchises, as well as NBA 2K, WWE 2K, Borderlands, BioShock, Sid Meier’s Civilization and other sports, action, strategy and role-playing titles.