Benchmark analyst Mike Hickey said Take-Two Interactive's strong Q3 results were "more than offset" by a weak fiscal Q4 view and the fact that Take-Two did not raise fiscal year expectations, by his estimate, for Red Dead Redemption 2 after the game exceeded their expectations in Q3. Additionally, performance from RDR Online was delayed until the first quarter of FY20 when additional content is planned. He suspects the post-earnings decline in the stock was related in-part to increased investor anxiety over the limited transparency into FY20 growth along with the multiple pressure over the video game group as a whole. He lowered his price target on Take-Two shares to $124 from $156 but maintains a Buy rating on the stock.

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Take-Two Interactive President Karl Slatoff disclosed the sale of 90,851 shares of compant stock at $148.54 on April 12, for a total transaction amount of $13,494,771.