CICC Research started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO – Free Report) in a research note released on Tuesday morning,Benzinga reports. The firm issued an outperform rating and a $272.00 price objective on the stock.
Other equities research analysts also recently issued reports about the stock. Bank of America boosted their target price on shares of Take-Two Interactive Software from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 8th. Wells Fargo & Company started coverage on shares of Take-Two Interactive Software in a report on Monday, July 28th. They issued an “overweight” rating and a $265.00 target price for the company. Benchmark boosted their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 8th. Wedbush boosted their target price on shares of Take-Two Interactive Software from $269.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Raymond James Financial boosted their target price on shares of Take-Two Interactive Software from $250.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $249.50.
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Take-Two Interactive Software Stock Performance
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.33. Take-Two Interactive Software had a negative net margin of 72.92% and a positive return on equity of 7.33%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned ($1.52) earnings per share. Take-Two Interactive Software’s revenue was up 16.4% compared to the same quarter last year. Take-Two Interactive Software has set its Q2 2026 guidance at 0.850-0.950 EPS. FY 2026 guidance at 2.600-2.850 EPS. On average, equities analysts anticipate that Take-Two Interactive Software will post 0.97 earnings per share for the current year.
Insider Buying and Selling at Take-Two Interactive Software
In related news, President Karl Slatoff sold 48,995 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.68, for a total value of $11,155,181.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel P. Emerson sold 22,479 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total transaction of $5,113,298.13. Following the completion of the sale, the insider directly owned 129,792 shares in the company, valued at $29,523,786.24. This represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,825 shares of company stock valued at $32,532,671. 1.34% of the stock is owned by company insiders.
Institutional Trading of Take-Two Interactive Software
Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Take-Two Interactive Software by 4.5% in the second quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company’s stock valued at $5,043,721,000 after acquiring an additional 903,385 shares in the last quarter. State Street Corp raised its holdings in Take-Two Interactive Software by 3.8% in the second quarter. State Street Corp now owns 10,583,564 shares of the company’s stock valued at $2,570,084,000 after acquiring an additional 389,321 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Take-Two Interactive Software by 3.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,525,176 shares of the company’s stock valued at $1,341,789,000 after acquiring an additional 166,867 shares in the last quarter. Geode Capital Management LLC raised its holdings in Take-Two Interactive Software by 8.9% in the second quarter. Geode Capital Management LLC now owns 4,647,459 shares of the company’s stock valued at $1,124,088,000 after acquiring an additional 378,371 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock valued at $847,711,000 after acquiring an additional 515,484 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.
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