Saudi Central Bank Has $3.08 Million Stock Holdings in Take-Two Interactive Software, Inc. $TTWO

Saudi Central Bank lifted its holdings in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 80.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,314 shares of the company’s stock after buying an additional 5,494 shares during the period. Saudi Central Bank’s holdings in Take-Two Interactive Software were worth $3,078,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Angeles Wealth Management LLC bought a new position in Take-Two Interactive Software in the second quarter valued at about $242,000. Compass Financial Management LLC acquired a new position in shares of Take-Two Interactive Software during the second quarter worth $35,000. AlphaGrep UK Ltd bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $307,000. Montgomery Financial Services LLC bought a new position in shares of Take-Two Interactive Software in the 2nd quarter valued at $81,000. Finally, Raiffeisen Bank International AG boosted its holdings in shares of Take-Two Interactive Software by 13,491.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 30,173 shares of the company’s stock valued at $7,457,000 after acquiring an additional 29,951 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Price Performance

Shares of TTWO opened at $214.69 on Tuesday. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of -124.10, a price-to-earnings-growth ratio of 1.43 and a beta of 0.97. The business has a 50-day moving average of $239.35 and a 200-day moving average of $223.66.

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

Insider Buying and Selling at Take-Two Interactive Software

In related news, CEO Strauss Zelnick sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $252.64, for a total transaction of $10,105,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 334 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $242.34, for a total transaction of $80,941.56. Following the completion of the transaction, the director directly owned 1,666 shares in the company, valued at approximately $403,738.44. The trade was a 16.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,658 shares of company stock valued at $12,948,552 over the last three months. 1.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Raymond James Financial set a $300.00 price target on Take-Two Interactive Software in a research note on Thursday, August 6th. Roth Capital boosted their price target on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, Wells Fargo & Company raised their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $296.95.

Take-Two Interactive Software Profile

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.