Take Two Interactive Software Inc (NASDAQ:TTWO) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 3,672 call options on the stock. This represents an increase of approximately 1,592% compared to the average daily volume of 217 call options.

In related news, President Karl Slatoff sold 387,237 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $57.98, for a total value of $22,452,001.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Take Two Interactive Software by 12.5% in the first quarter. Vanguard Group Inc. now owns 8,277,144 shares of the company’s stock worth $490,586,000 after buying an additional 916,573 shares during the last quarter. FMR LLC raised its position in Take Two Interactive Software by 73.1% in the first quarter. FMR LLC now owns 5,384,102 shares of the company’s stock worth $319,116,000 after buying an additional 2,273,553 shares during the last quarter. State Street Corp raised its position in Take Two Interactive Software by 62.1% in the first quarter. State Street Corp now owns 3,116,177 shares of the company’s stock worth $184,699,000 after buying an additional 1,193,381 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Take Two Interactive Software by 103.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,047,146 shares of the company’s stock worth $100,904,000 after buying an additional 1,042,700 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in Take Two Interactive Software by 7.8% in the first quarter. William Blair Investment Management LLC now owns 1,784,714 shares of the company’s stock worth $105,780,000 after buying an additional 129,572 shares during the last quarter.

Several brokerages have issued reports on TTWO. Credit Suisse Group AG reissued a “hold” rating and issued a $71.00 price objective on shares of Take Two Interactive Software in a research note on Thursday. Zacks Investment Research raised shares of Take Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, April 6th. Cowen and Company boosted their price objective on shares of Take Two Interactive Software from $60.00 to $79.00 and gave the company an “outperform” rating in a research note on Thursday. Benchmark Co. reissued a “buy” rating and issued a $85.00 price objective (up from $77.00) on shares of Take Two Interactive Software in a research note on Wednesday. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Take Two Interactive Software in a research note on Tuesday, May 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $71.06.

Shares of Take Two Interactive Software (NASDAQ:TTWO) opened at 77.07 on Friday. Take Two Interactive Software has a 52-week low of $35.00 and a 52-week high of $79.58. The company has a 50 day moving average of $65.19 and a 200 day moving average of $56.39. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 107.79 and a beta of 0.86.

Take Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings results on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $407.20 million for the quarter, compared to analyst estimates of $354.10 million. Take Two Interactive Software had a return on equity of 21.74% and a net margin of 0.91%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company earned $0.46 earnings per share. Analysts predict that Take Two Interactive Software will post $2.43 EPS for the current fiscal year.

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About Take Two Interactive Software

Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.

12 Month Chart for NASDAQ:TTWO

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