Take-Two Interactive Software (NASDAQ:TTWO) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a report published on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $310.00 target price on the stock.

TTWO has been the topic of a number of other research reports. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a report on Tuesday, June 16th. Wells Fargo & Company lifted their price target on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software has an average rating of “Buy” and an average price target of $296.95.

Take-Two Interactive Software Trading Down 0.4%

Shares of NASDAQ TTWO opened at $241.91 on Tuesday. The business’s 50 day moving average is $238.48 and its two-hundred day moving average is $221.53. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 1.24. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94. The stock has a market capitalization of $45.23 billion, a P/E ratio of -139.83, a PEG ratio of 1.68 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Take-Two Interactive Software had a negative net margin of 4.79% and a positive return on equity of 12.25%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last 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. As a group, research analysts expect that Take-Two Interactive Software will post 5.3 EPS for the current year.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $217.02, for a total value of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the sale, the insider owned 131,668 shares of the company’s stock, valued at approximately $28,915,609.48. This trade represents a 13.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 609,936 shares of company stock worth $138,537,038. Insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTWO. Vanguard Group Inc. grew its stake in Take-Two Interactive Software by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 21,868,194 shares of the company’s stock worth $5,598,914,000 after acquiring an additional 166,661 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software during the second quarter valued at approximately $4,560,679,000. State Street Corp raised its stake in shares of Take-Two Interactive Software by 3.5% during the fourth quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after acquiring an additional 390,331 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Take-Two Interactive Software by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock valued at $1,242,204,000 after purchasing an additional 60,893 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Take-Two Interactive Software by 0.6% in the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock valued at $739,707,000 after purchasing an additional 16,758 shares during the period. Institutional investors own 95.46% of the company’s stock.

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.