Czech National Bank Increases Stake in Take-Two Interactive Software

The Czech National Bank has expanded its holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 9.7% during the third quarter, as disclosed in its latest filing with the Securities and Exchange Commission. Following this acquisition, the bank now holds a total of 33,207 shares in the company after purchasing an additional 2,948 shares within the period.

As of the end of the most recent quarter, the value of the Czech National Bank's stake in Take-Two Interactive Software was approximately $5,104,000.

Changes by Other Investors

In addition to the Czech National Bank, other institutional investors and hedge funds have also made notable adjustments to their positions in Take-Two Interactive Software recently. For instance, Secured Retirement Advisors LLC established a new position valued at around $953,000 in the fourth quarter. Similarly, Spouting Rock Asset Management LLC acquired a new stake worth about $474,000 in the same quarter. Moreover, V Square Quantitative Management LLC increased its holdings by 25.6%, now owning 3,645 shares worth $587,000 after purchasing an additional 742 shares.

Virtu Financial LLC also joined the fray by acquiring a new position estimated at $1,380,000 in the fourth quarter. Lastly, EP Wealth Advisors LLC entered the market with a new position valued at approximately $213,000. Overall, institutional investors and hedge funds collectively control about 95.46% of Take-Two Interactive Software’s stock.

Performance of Take-Two Interactive Software

As of Friday's market opening, shares of Take-Two Interactive Software were priced at $155.09. Over the past year, the stock has seen a low of $130.34 and a high of $171.59. Currently, the company holds a market capitalization of $26.58 billion with a PE ratio sitting at -7.06 and a price-to-earnings-growth ratio of 4.47. The stock's beta stands at 0.86, indicating lower volatility than the market average.

The company's 50-day moving average is $152.33, while its 200-day moving average is $151.74. Financially, Take-Two has a debt-to-equity ratio of 0.51, alongside a current ratio and quick ratio both at 0.90.

Recent Earnings Results

Take-Two Interactive Software last reported its quarterly earnings on August 8th. The company revealed an earnings per share (EPS) of ($0.30), which surpassed the consensus estimate of ($0.39) by $0.09. The reported revenue for the quarter was $1.22 billion, slightly below the analyst expectations of $1.24 billion. Take-Two exhibited a positive return on equity of 1.74%, though it also incurred a net margin of -70.33%. Analysts predict that the company will achieve an EPS of 1.06 for the current fiscal year.

Analyst Price Targets

Several brokerage firms have recently updated their price targets for Take-Two Interactive Software. For instance, Benchmark raised its price target from $200.00 to $210.00, maintaining a “buy” rating on August 21st. Redburn Atlantic provided a “buy” rating along with a price target of $194.00 in a report published on August 29th. Morgan Stanley adjusted its forecast, increasing the price target from $175.00 to $185.00, maintaining an “overweight” rating on the stock as of July 23rd.

Furthermore, HSBC Global Research upgraded the rating of Take-Two Interactive Software from “hold” to “strong-buy” on August 12th and later again upgraded to a “buy” rating with a target price of $179.00. According to MarketBeat.com, one analyst has a hold rating, while nineteen have given a buy rating and one has issued a strong buy rating, resulting in an average rating of “Buy” and an average target price of $185.85 for the company.

Recent Insider Trading

In other news regarding the company, director Michael Sheresky sold 191 shares of Take-Two Interactive Software on August 19th. The shares were sold at an average price of $149.83, leading to a total transaction value of approximately $28,617.53. Post-sale, Sheresky directly owns 64,378 shares in the company, valued at around $9,645,755.74. This transaction did not significantly alter his overall ownership of the stock, and company insiders collectively own about 1.37% of the shares.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc. is involved in the development, publishing, and marketing of interactive entertainment solutions for consumers around the globe. The company is known for developing and publishing popular action/adventure titles under brands such as Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption, among other game franchises.

Czech, Bank, Take-Two