Price T Rowe Associates Inc. MD Buys 1,158,783 Shares of Take-Two Interactive Software, Inc. $TTWO

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Take-Two Interactive by 425.2%, acquiring a total of 1,431,310 shares valued at approximately $296.6 million.
• Take-Two reported a quarterly revenue of $1.5 billion, significantly exceeding analysts' expectations of $1.31 billion, and achieved earnings per share of $0.61, beating the consensus estimate by $0.33.
• Take-Two stock has received positive ratings from multiple analysts, with targets ranging from $250.00 to $285.00, indicating a consensus rating of "Moderate Buy."

Price T Rowe Associates Inc. MD lifted its position in Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Free Report) by 425.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,431,310 shares of the company's stock after buying an additional 1,158,783 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.81% of Take-Two Interactive Software worth $296,640,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TTWO. Park Square Financial Group LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth $28,000. North Capital Inc. acquired a new position in Take-Two Interactive Software during the first quarter worth $35,000. Graybill Wealth Management LTD. acquired a new position in Take-Two Interactive Software during the first quarter worth $37,000. Zions Bancorporation National Association UT acquired a new position in Take-Two Interactive Software during the first quarter worth $37,000. Finally, Cullen Frost Bankers Inc. increased its holdings in Take-Two Interactive Software by 46.0% during the first quarter. Cullen Frost Bankers Inc. now owns 181 shares of the company's stock worth $38,000 after buying an additional 57 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Benchmark boosted their target price on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company started coverage on Take-Two Interactive Software in a research note on Monday, July 28th. They set an "overweight" rating and a $265.00 target price for the company. UBS Group lifted their target price on Take-Two Interactive Software from $275.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lifted their target price on Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Bank of America lifted their target price on Take-Two Interactive Software from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Nineteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of "Moderate Buy" and an average target price of $245.60.

Take-Two Interactive Software Stock Performance

TTWO traded up $2.88 during trading on Thursday, hitting $234.91. The stock had a trading volume of 619,855 shares, compared to its average volume of 2,001,660. The company has a 50 day moving average price of $232.85 and a 200-day moving average price of $222.87. The firm has a market cap of $43.33 billion, a price-to-earnings ratio of -9.80, a P/E/G ratio of 5.81 and a beta of 0.99. Take-Two Interactive Software, Inc. has a one year low of $146.76 and a one year high of $245.07. 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 (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.33. The business had revenue of $1,503,800 billion during the quarter, compared to the consensus estimate of $1.31 billion. Take-Two Interactive Software had a positive return on equity of 7.33% and a negative net margin of 72.92%.The firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.52) EPS. 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. As a group, research analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

Insiders Place Their Bets

In related news, President Karl Slatoff sold 48,995 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $227.68, for a total value of $11,155,181.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 22,479 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $227.47, for a total value of $5,113,298.13. Following the completion of the sale, the insider owned 129,792 shares of the company's stock, valued at $29,523,786.24. This trade represents a 14.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 535,789 shares of company stock worth $121,089,348 over the last three months. 1.34% of the stock is currently owned by corporate insiders.

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.