Take-Two Interactive Software’s (TTWO) “Buy” Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research report released on Tuesday morning,Benzinga reports. The firm currently has a $262.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday. BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a report on Tuesday, July 28th. UBS Group set a $330.00 price target on Take-Two Interactive Software in a report on Tuesday. Roth Capital raised their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Robert W. Baird lifted their target price on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and an average target price of $287.30.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $226.95 on Tuesday. Take-Two Interactive Software has a 1-year low of $183.86 and a 1-year high of $265.94. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $207.57 and a 200 day simple moving average of $218.72. The stock has a market capitalization of $42.49 billion, a PE ratio of -175.93, a P/E/G ratio of 1.73 and a beta of 0.93.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Monday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.25). The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.63 billion. Take-Two Interactive Software had a positive return on equity of 9.84% and a negative net margin of 3.75%. The business’s revenue was down 18.4% compared to the same quarter last year. During the same period last year, the company posted ($0.73) earnings per share. Take-Two Interactive Software has set its Q3 2027 guidance at 3.800-4.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. On average, research analysts expect that Take-Two Interactive Software will post 5.19 EPS for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director LaVerne Srinivasan sold 362 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the completion of the sale, the director directly owned 8,357 shares in the company, valued at $2,047,548.57. This trade represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ellen Siminoff sold 334 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $202.92, for a total transaction of $67,775.28. Following the sale, the director owned 1,332 shares of the company’s stock, valued at $270,289.44. This trade represents a 20.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 13,302 shares of company stock worth $2,744,450. 1.12% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software in the second quarter valued at about $4,560,679,000. State Street Corp increased its position in Take-Two Interactive Software by 7.6% during the third quarter. State Street Corp now owns 11,715,013 shares of the company’s stock worth $2,430,750,000 after acquiring an additional 825,038 shares during the period. Amundi increased its position in Take-Two Interactive Software by 38.1% during the first quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after acquiring an additional 688,133 shares during the period. Bank of America Corp DE acquired a new stake in Take-Two Interactive Software in the 2nd quarter worth about $599,405,000. Finally, Royal Bank of Canada raised its stake in Take-Two Interactive Software by 12.2% in the 1st quarter. Royal Bank of Canada now owns 1,524,234 shares of the company’s stock worth $301,036,000 after purchasing an additional 166,145 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 is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga. The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.