Czech National Bank Increases Stake in Take-Two Interactive Software, Inc.

Czech National Bank has increased its investment in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% during the third quarter, according to a recent report filed with the Securities & Exchange Commission. After acquiring an additional 2,948 shares in this period, the bank now holds a total of 33,207 shares of the company. The value of their holdings in Take-Two amounted to approximately $5,104,000 at the conclusion of the recent quarter.

In addition to the Czech National Bank, various other institutional investors and hedge funds have also adjusted their positions in Take-Two Interactive Software. For instance, Secured Retirement Advisors LLC purchased a new stake worth around $953,000 in the fourth quarter. Similarly, Spouting Rock Asset Management LLC acquired shares valued at approximately $474,000, while V Square Quantitative Management LLC raised its holdings by 25.6%, now owning 3,645 shares worth about $587,000 after acquiring 742 additional shares. Furthermore, Virtu Financial LLC invested about $1,380,000 in new shares of Take-Two Interactive Software during the fourth quarter, and EP Wealth Advisors LLC made a new investment valued at around $213,000. Currently, institutional investors and hedge funds collectively own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Overview

As of the latest trading session, shares of Take-Two Interactive Software opened at $155.09. Over the past year, the stock has experienced a low of $130.34 and a high of $171.59. Market capitalization for the company stands at $26.58 billion, with a price-to-earnings (PE) ratio of -7.06, indicating challenges in profitability. The stock's price-to-earnings-growth (PEG) ratio is 4.47, while it has a beta of 0.86, suggesting lower volatility compared to the broader market. The moving averages for the stock are currently positioned at $152.33 for the 50-day and $151.74 for the 200-day averages. Financial metrics also reveal a debt-to-equity ratio of 0.51 and both a current and quick ratio of 0.90.

In its recent quarterly earnings announcement, Take-Two Interactive Software reported losses of $0.30 per share, which slightly exceeded analysts’ expectations of a $0.39 loss per share. The company generated revenue of $1.22 billion, falling short of the forecasted $1.24 billion. Take-Two has managed to achieve a positive return on equity at 1.74%, although it is dealing with a negative net margin of 70.33%. Analysts anticipate that the earnings per share (EPS) for the current fiscal year will reach around $1.06.

Recent Analyst Ratings and Price Targets

Several analysts have recently issued reports and revised their price targets for Take-Two Interactive Software. Benchmark raised their target price from $200.00 to $210.00 and assigned a “buy” rating in their report dated August 21st. Redburn Atlantic initiated coverage on the stock on August 29th, issuing a “buy” rating and setting a price target of $194.00. Additionally, Morgan Stanley increased its price target from $175.00 to $185.00, giving the stock an “overweight” rating. HSBC Global Research also made notable adjustments, upgrading their rating from “hold” to “strong buy” on August 12th. Currently, one analyst rates the stock as a hold, nineteen rate it as a buy, and one gives a strong buy recommendation, indicating a strong positive sentiment overall with an average target price of $185.85.

Insider Transactions at Take-Two Interactive Software

In other developments, on August 19th, Director Michael Sheresky sold 191 shares of Take-Two Interactive Software at an average price of $149.83, resulting in a total transaction value of $28,617.53. After this sale, he continues to hold 64,378 shares of the company, with a total value of around $9,645,755.74. This sale did not significantly alter the director's overall ownership in the company. Company insiders currently hold about 1.37% of Take-Two's stock.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc. specializes in developing, publishing, and marketing interactive entertainment solutions globally. The company is best known for its action/adventure titles, including popular series such as Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption.

Czech, Investment, Take-Two