Canada Pension Plan Investment Board Acquires 12,776 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• The Canada Pension Plan Investment Board increased its stake in Take-Two Interactive Software by 61.6%, acquiring a total of 33,514 shares valued at approximately $6.95 million as of the last SEC filing.
• Analysts have raised their price targets for Take-Two Interactive Software, with Robert W. Baird setting a new target of $230 and JPMorgan and UBS both estimating target prices of $275 and $285, respectively.
• Take-Two reported $1.50 billion in revenue for its last quarter, exceeding expectations and marking a 16.4% year-over-year increase, with earnings per share of $0.61 beating analyst estimates.

Canada Pension Plan Investment Board increased its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 61.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,514 shares of the company's stock after buying an additional 12,776 shares during the quarter. Canada Pension Plan Investment Board's holdings in Take-Two Interactive Software were worth $6,946,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Clarius Group LLC bought a new stake in Take-Two Interactive Software during the first quarter worth $404,000. Mackenzie Financial Corp grew its holdings in Take-Two Interactive Software by 13.2% during the fourth quarter. Mackenzie Financial Corp now owns 15,698 shares of the company's stock worth $2,890,000 after buying an additional 1,833 shares in the last quarter. Cornerstone Investment Partners LLC grew its holdings in Take-Two Interactive Software by 14.1% during the first quarter. Cornerstone Investment Partners LLC now owns 292,616 shares of the company's stock worth $60,645,000 after buying an additional 36,112 shares in the last quarter. Stonebridge Financial Group LLC grew its holdings in Take-Two Interactive Software by 3,986.2% during the first quarter. Stonebridge Financial Group LLC now owns 1,185 shares of the company's stock worth $246,000 after buying an additional 1,156 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Take-Two Interactive Software by 8.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,810 shares of the company's stock worth $2,910,000 after buying an additional 1,231 shares in the last quarter. Institutional investors own 95.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TTWO. Wells Fargo & Company began coverage on Take-Two Interactive Software in a research note on Monday, July 28th. They issued an "overweight" rating and a $265.00 price objective for the company. Zacks Research upgraded Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group upped their price objective on Take-Two Interactive Software from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Citigroup upped their price objective on Take-Two Interactive Software from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $248.32.

Insider Activity

In related news, Director Jon J. Moses sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $239.57, for a total transaction of $239,570.00. Following the transaction, the director directly owned 21,901 shares in the company, valued at $5,246,822.57. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Strauss Zelnick sold 45,000 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $231.20, for a total value of $10,404,000.00. Following the completion of the sale, the chief executive officer owned 281,495 shares of the company's stock, valued at approximately $65,081,644. This trade represents a 13.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 141,411 shares of company stock worth $32,430,724. 1.34% of the stock is currently owned by insiders.

Take-Two Interactive Software Price Performance

Shares of NASDAQ:TTWO traded down $0.97 on Friday, hitting $239.68. The company's stock had a trading volume of 979,291 shares, compared to its average volume of 1,653,426. The company has a 50-day simple moving average of $232.40 and a 200 day simple moving average of $224.16. Take-Two Interactive Software, Inc. has a 1 year low of $146.76 and a 1 year high of $245.07. The company has a market capitalization of $44.21 billion, a PE ratio of -10.01, a PEG ratio of 6.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.16 and a quick ratio of 1.16.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.33. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the firm posted ($1.52) EPS. The company'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. Sell-side analysts forecast that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current fiscal year.

About Take-Two Interactive Software

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.