Take-Two Interactive Receives Positive Ratings from CICC Research

CICC Research has initiated coverage of Take-Two Interactive Software (NASDAQ: TTWO) with an **outperform** rating and a target price of **$272.00**. This announcement, made in a report to investors, reflects growing confidence in the company’s future performance in the interactive entertainment industry.

Several other investment firms have recently provided updates on Take-Two. On **August 8, 2023**, Wedbush raised its target price from **$269.00** to **$275.00**, maintaining an **outperform** rating. Similarly, JPMorgan Chase & Co. increased its price objective from **$250.00** to **$275.00** and assigned an **overweight** rating. Benchmark also lifted its target from **$250.00** to **$275.00** with a **buy** rating, while UBS Group raised its target from **$275.00** to **$285.00**, reflecting a strong bullish sentiment. Citigroup increased its target price from **$260.00** to **$270.00**, giving the company a **buy** rating as well.

Overall, **nineteen analysts** have rated Take-Two with a **Buy** recommendation, while two analysts have given it a **Hold** rating. According to MarketBeat.com, the stock currently has a consensus rating of **Moderate Buy** with an average target price of **$249.50**.

Recent Financial Performance

Take-Two Interactive Software reported its latest earnings results on **August 7, 2023**. The company achieved an earnings per share (EPS) of **$0.61**, significantly exceeding the consensus estimate of **$0.28** by **$0.33**. The revenue for the quarter reached **$1.50 billion**, outperforming the estimated **$1.31 billion**. This represents a **16.4%** increase compared to the same quarter last year, reflecting robust growth for the company. The previous year, during the same quarter, the company reported a loss of **$1.52** EPS.

Moving forward, Take-Two has set its guidance for the second quarter of **2026** at **$0.850-$0.950 EPS**, with a full-year guidance of **$2.600-$2.850 EPS**. Analysts predict that the company will achieve an EPS of **$0.97** for the current year.

Insider Trading Activity

Recent insider trading activity has drawn attention as well. Director **Laverne Evans Srinivasan** sold **2,325 shares** on **August 21, 2023**, at an average price of **$227.47**, totaling approximately **$528,867.75**. Following this transaction, Srinivasan holds **9,063 shares** valued at around **$2.06 million**, marking a **20.42%** decrease in their position.

CEO **Strauss Zelnick** also sold **20,000 shares** on **August 27, 2023**, for about **$4.61 million** at an average price of **$230.69**. In total, insiders sold **141,825 shares** valued at **$32.53 million** over the last quarter, with insiders currently holding **1.34%** of the stock.

Institutional Investor Activity

Institutional investors continue to show interest in Take-Two Interactive. Clarius Group LLC acquired a new stake in the first quarter, valued at **$404,000**. Cornerstone Investment Partners LLC increased its stake by **14.1%**, now owning **292,616 shares** worth approximately **$60.65 million** after purchasing an additional **36,112 shares**. Stonebridge Financial Group LLC significantly boosted its holdings by **3,986.2%**, now owning **1,185 shares** valued at **$246,000**.

Wealth Enhancement Advisory Services LLC increased its position by **8.4%**, holding **15,810 shares** now worth **$2.91 million**. Lastly, Ninety One UK Ltd raised its stake by **22.8%**, controlling **1,801,582 shares** valued at **$437.51 million**. Overall, institutional investors own **95.46%** of Take-Two’s stock.

Take-Two Interactive Software, known for its popular franchises such as Grand Theft Auto and Red Dead Redemption, continues to be a strong player in the interactive entertainment sector. The company’s ongoing financial growth and positive analyst ratings underscore its potential for future success.