Take-Two (TTWO) slides 4.1% as FY2027 outlook disappoints despite GTA VI timing update

Take-Two Interactive Software (TTWO) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the market’s reaction to Take-Two’s latest earnings and forward outlook, with investors focusing on guidance and the timing of major releases. Even with a reaffirmed Grand Theft Auto VI launch window, expectations for near-term bookings and profitability likely reset after management’s initial fiscal 2027 framework.

Details:

Take-Two’s fiscal Q4 2026 results showed $1.58 billion in net bookings and $1.68 billion in GAAP net revenue, beating the company’s net bookings guidance.

The company’s initial fiscal 2027 outlook included net bookings of $8.0 to $8.2 billion, which some investors viewed as conservative relative to elevated expectations for the upcoming release slate.

Management commentary in the earnings materials referenced a November 19 launch for Grand Theft Auto VI, which can shift revenue recognition and booking patterns across quarters.

This could also be driven by positioning/volatility after the earnings-related price swings, as traders digest what portion of the blockbuster release is already priced into TTWO shares.

Sources:

Take-Two Interactive Investor Relations, Investing.com, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TTWO Insider Trading Activity

$TTWO insiders have traded $TTWO stock on the open market 30 times in the past 6 months. Of those trades, 0 have been purchases and 30 have been sales.

Here’s a breakdown of recent trading of $TTWO stock by insiders over the last 6 months:

STRAUSS ZELNICK (Chairman, CEO) has made 0 purchases and 14 sales selling 130,000 shares for an estimated $28,416,341.
DANIEL P EMERSON (Chief Legal Officer) has made 0 purchases and 3 sales selling 3,615 shares for an estimated $810,295.
WILLIAM B GORDON sold 2,500 shares for an estimated $521,725
LAINIE GOLDSTEIN (Chief Financial Officer) sold 1,612 shares for an estimated $399,953
ELLEN F SIMINOFF has made 0 purchases and 8 sales selling 1,653 shares for an estimated $370,231.
MICHAEL DORNEMANN sold 1,390 shares for an estimated $296,195
MICHAEL SHERESKY has made 0 purchases and 2 sales selling 286 shares for an estimated $58,775.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$TTWO Hedge Fund Activity

We have seen 548 institutional investors add shares of $TTWO stock to their portfolio, and 560 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PUBLIC INVESTMENT FUND removed 11,414,680 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $2,922,500,520
1832 ASSET MANAGEMENT L.P. added 1,598,200 shares (+3196.4%) to their portfolio in Q1 2026, for an estimated $315,644,500
ALYESKA INVESTMENT GROUP, L.P. removed 1,261,033 shares (-68.4%) from their portfolio in Q1 2026, for an estimated $249,054,017
CAPITAL WORLD INVESTORS added 1,182,767 shares (+inf%) to their portfolio in Q1 2026, for an estimated $233,596,482
CAPITAL INTERNATIONAL INVESTORS removed 1,181,044 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $233,256,190
AQR CAPITAL MANAGEMENT LLC added 1,042,570 shares (+91.6%) to their portfolio in Q1 2026, for an estimated $205,907,575
JANE STREET GROUP, LLC added 1,013,258 shares (+8633.8%) to their portfolio in Q1 2026, for an estimated $200,118,455

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TTWO Congressional Stock Trading

Members of Congress have traded $TTWO stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $TTWO stock by members of Congress over the last 6 months:

REPRESENTATIVE THOMAS H. KEAN, JR. sold up to $15,000 on 04/21.
REPRESENTATIVE JULIA LETLOW sold up to $15,000 on 02/12.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$TTWO Analyst Ratings

Wall Street analysts have issued reports on $TTWO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 05/22/2026

To track analyst ratings and price targets for $TTWO, check out Quiver Quantitative's $TTWO forecast page.

$TTWO Price Targets

Multiple analysts have issued price targets for $TTWO recently. We have seen 6 analysts offer price targets for $TTWO in the last 6 months, with a median target of $300.0.

Here are some recent targets:

Alec Brondolo from Wells Fargo set a target price of $287.0 on 05/22/2026
Wyatt Swanson from DA Davidson set a target price of $300.0 on 02/04/2026
Alicia Reese from Wedbush set a target price of $300.0 on 01/29/2026
Christopher Schoell from UBS set a target price of $300.0 on 01/28/2026
Brian Nowak from Morgan Stanley set a target price of $280.0 on 01/13/2026
Drew Crum from B. Riley Securities set a target price of $300.0 on 12/10/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.