Take-Two falls as investors digest GTA VI timetable and FY27 outlook after an initial post-earnings pop

Take-Two Interactive Software (TTWO) is down 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks like a post-earnings reversal: after the company released Q4/FY2026 results and reaffirmed Grand Theft Auto VI’s planned November 2026 launch, investors appeared to focus on forward guidance that read as conservative versus Wall Street expectations. Profit-taking after a sharp initial reaction also likely amplified the downside.

Details:

Take-Two’s Q4/FY2026 update highlighted strong net bookings performance and pointed to Grand Theft Auto VI as a major driver of the next fiscal year’s outlook.

The company’s initial FY2027 net bookings outlook of about $8.0–$8.2 billion (tied in part to the planned Nov. 19, 2026 release of Grand Theft Auto VI) appeared to come in below some published consensus revenue expectations, which can pressure the stock even when headline results look solid.

Guidance also implied a softer near-term quarter (the fiscal Q1 period ending June 30, 2026), including expectations for a GAAP loss, which may have reinforced “sell-the-news” positioning.

Intraday price action suggested unusually high volatility (a big gap up at the open followed by sustained selling), consistent with investors repricing the guidance and longer-dated GTA VI timing.

Sources:

Take-Two Interactive Investor Relations, SEC, Benzinga

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 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 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 3 sales selling 60,000 shares for an estimated $12,862,211.
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 sold 155 shares for an estimated $30,183

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.

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$TTWO Hedge Fund Activity

We have seen 551 institutional investors add shares of $TTWO stock to their portfolio, and 556 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 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

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

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 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 $293.0 on 04/06/2026
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.