Robert W. Baird Boosts Take-Two Interactive Software (NASDAQ:TTWO) Price Target to $270.00

Take-Two Interactive Software (NASDAQ:TTWO) had its price target increased by research analysts at Robert W. Baird from $265.00 to $270.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price would suggest a potential upside of 9.53% from the company’s previous close.

A number of other brokerages have also recently weighed in on TTWO. Oppenheimer restated an “outperform” rating on shares of Take-Two Interactive Software in a report on Monday. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday, June 16th. BTIG Research raised their price objective on Take-Two Interactive Software from $293.00 to $313.00 and gave the company a “buy” rating in a research report on Monday. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $297.00.

Take-Two Interactive Software Price Performance

TTWO opened at $246.50 on Monday. The stock has a fifty day simple moving average of $236.34 and a two-hundred day simple moving average of $221.36. The company has a current ratio of 1.06, a quick ratio of 1.24 and a debt-to-equity ratio of 0.52. The company has a market cap of $46.09 billion, a price-to-earnings ratio of -142.48, a price-to-earnings-growth ratio of 4.58 and a beta of 0.97. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $265.94.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Friday, August 7th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. 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. Research analysts predict that Take-Two Interactive Software will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 21,102 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $219.61, for a total transaction of $4,634,210.22. Following the sale, the insider owned 131,668 shares in the company, valued at $28,915,609.48. This represents a 13.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, President Karl Slatoff sold 208,969 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. The trade was a 17.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 569,936 shares of company stock valued at $128,431,438. 1.12% of the stock is currently owned by insiders.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently modified their holdings of TTWO. LBP AM SA boosted its holdings in shares of Take-Two Interactive Software by 298.2% during the 4th quarter. LBP AM SA now owns 64,611 shares of the company’s stock valued at $16,542,000 after purchasing an additional 48,384 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Take-Two Interactive Software by 597.1% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,744 shares of the company’s stock worth $1,134,000 after buying an additional 4,920 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Take-Two Interactive Software by 45.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 44,875 shares of the company’s stock worth $11,489,000 after buying an additional 14,050 shares in the last quarter. Fiera Capital Corp boosted its stake in Take-Two Interactive Software by 33.9% during the fourth quarter. Fiera Capital Corp now owns 64,403 shares of the company’s stock valued at $16,489,000 after buying an additional 16,314 shares during the last quarter. Finally, Swedbank AB boosted its stake in Take-Two Interactive Software by 7.6% during the fourth quarter. Swedbank AB now owns 134,638 shares of the company’s stock valued at $34,471,000 after buying an additional 9,556 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

About Take-Two Interactive Software

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.