Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) had its price objective upped by investment analysts at Robert W. Baird from $265.00 to $270.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 9.53% from the stock’s current price.
TTWO has been the topic of a number of other research reports. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Piper Sandler reissued an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. BTIG Research upped their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $297.00.
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Take-Two Interactive Software Price Performance
Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. 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. Equities research analysts expect that Take-Two Interactive Software will post 5.38 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total value of $84,345.02. Following the sale, the director directly owned 1,833 shares in the company, valued at approximately $462,887.49. This trade represents a 15.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares in the company, valued at $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 569,936 shares of company stock worth $128,431,438. Insiders own 1.12% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth about $273,000. Gables Capital Management Inc. purchased a new position in shares of Take-Two Interactive Software during the second quarter valued at about $3,117,000. Wealthfront Advisers LLC bought a new position in Take-Two Interactive Software in the second quarter worth about $5,533,000. Ontario Teachers Pension Plan Board bought a new position in Take-Two Interactive Software in the second quarter worth about $37,090,000. Finally, Deepwater Asset Management LLC purchased a new stake in Take-Two Interactive Software in the second quarter worth about $7,981,000. 95.46% of the stock is owned by hedge funds and other institutional investors.
Take-Two Interactive Software Company 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.
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