Take-Two Interactive Software (NASDAQ:TTWO) Sets New 1-Year High After Analyst Upgrade

Key Points

• Take-Two Interactive Software shares reached a new 52-week high after Wells Fargo raised its price target from $270 to $277, maintaining an overweight rating on the stock.
• Nineteen analysts have given Take-Two Interactive a Buy rating, with a current average target price set at $250.10, reflecting strong market confidence in the stock.
• Insider trading activity included Daniel P. Emerson selling 22,479 shares for over $5 million, representing a significant decrease in his holdings.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) shares hit a new 52-week high on Wednesday after Wells Fargo & Company raised their price target on the stock from $270.00 to $277.00. Wells Fargo & Company currently has an overweight rating on the stock. Take-Two Interactive Software traded as high as $262.19 and last traded at $258.09, with a volume of 105980 shares traded. The stock had previously closed at $260.50.

TTWO has been the subject of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Zacks Research raised Take-Two Interactive Software from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. 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. Benchmark upped their price objective on Take-Two Interactive Software from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Wedbush upped their price objective on Take-Two Interactive Software from $269.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Nineteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $250.10.

Insider Activity at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 22,479 shares of the firm's stock in a transaction that occurred 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 owned 129,792 shares of the company's stock, valued at $29,523,786.24. This trade represents a 14.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $246.25, for a total value of $101,947.50. Following the completion of the transaction, the director owned 3,003 shares in the company, valued at approximately $739,488.75. This represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,825 shares of company stock worth $32,532,671. Corporate insiders own 1.34% of the company's stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in TTWO. Norges Bank purchased a new stake in Take-Two Interactive Software in the 2nd quarter worth about $731,047,000. Nuveen LLC purchased a new stake in Take-Two Interactive Software in the 1st quarter worth about $288,410,000. Price T Rowe Associates Inc. MD increased its holdings in Take-Two Interactive Software by 425.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,431,310 shares of the company's stock worth $296,640,000 after acquiring an additional 1,158,783 shares during the last quarter. Vanguard Group Inc. increased its holdings in Take-Two Interactive Software by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 20,768,874 shares of the company's stock worth $5,043,721,000 after acquiring an additional 903,385 shares during the last quarter. Finally, Contour Asset Management LLC purchased a new stake in Take-Two Interactive Software in the 1st quarter worth about $180,701,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Trading Down 1.2%

The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.72. The company has a market cap of $47.49 billion, a PE ratio of -10.73, a price-to-earnings-growth ratio of 5.45 and a beta of 1.01. The firm has a fifty day moving average of $239.66 and a two-hundred day moving average of $230.83.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.33. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates 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 company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($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, sell-side analysts predict that Take-Two Interactive Software, Inc. will post 0.97 EPS for the current year.

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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