Wells Fargo & Company Issues Pessimistic Forecast for Take-Two Interactive Software (NASDAQ:TTWO) Stock Price

Take-Two Interactive Software (NASDAQ:TTWO) had its price target dropped by stock analysts at Wells Fargo & Company from $293.00 to $287.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 25.44% from the company’s previous close.

TTWO has been the topic of several other reports. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price on the stock in a research report on Tuesday, February 10th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. Wedbush reiterated an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research note on Tuesday, March 3rd. UBS Group raised their price target on shares of Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $287.53.

Take-Two Interactive Software Stock Down 3.9%

Shares of TTWO traded down $9.28 during mid-day trading on Friday, reaching $228.80. The company’s stock had a trading volume of 4,142,175 shares, compared to its average volume of 2,091,063. The business has a fifty day moving average of $211.59 and a 200 day moving average of $225.86. The company has a market cap of $42.37 billion, a price-to-earnings ratio of -10.17, a price-to-earnings-growth ratio of 3.53 and a beta of 0.97. Take-Two Interactive Software has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the sale, the director directly owned 2,000 shares of the company’s stock, valued at approximately $415,320. The trade was a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Daniel P. Emerson sold 810 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the sale, the insider directly owned 124,191 shares in the company, valued at $26,511,052.77. This trade represents a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 64,724 shares of company stock valued at $13,866,155. 1.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. Norges Bank bought a new stake in Take-Two Interactive Software in the 4th quarter valued at about $735,389,000. Vanguard Group Inc. lifted its stake in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock valued at $5,606,808,000 after purchasing an additional 932,659 shares during the last quarter. AQR Capital Management LLC lifted its stake in Take-Two Interactive Software by 162.1% in the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after purchasing an additional 704,316 shares during the last quarter. Amundi increased its position in Take-Two Interactive Software by 38.1% in the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock valued at $492,562,000 after acquiring an additional 688,133 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Take-Two Interactive Software by 44.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after acquiring an additional 568,263 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Key Stories Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two confirmed that Grand Theft Auto VI remains on track for a Nov. 19 release, reducing delay risk and supporting investor confidence in a major upcoming catalyst. Reuters article
• Positive Sentiment: The company reported better-than-expected quarterly results, with revenue and adjusted earnings beating estimates, showing the business is still performing well ahead of GTA VI. Business Wire article
• Positive Sentiment: Management forecast record fiscal 2027 net bookings driven by GTA VI, suggesting a sharp step-up in demand next year even with near-term volatility. Benzinga article
• Neutral Sentiment: Some coverage notes the stock is pulling back after the post-earnings jump, as traders reassess whether the strong GTA VI outlook is already reflected in the share price. Yahoo Finance article
• Negative Sentiment: Despite the upbeat GTA VI catalyst, FY2027 bookings guidance of $8.0 billion to $8.2 billion was below consensus, raising concerns that management’s outlook is more conservative than investors expected. Reuters article

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.