Take-Two Interactive Software Target of Unusually High Options Trading (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw some unusual options trading on Monday. Stock traders bought 19,505 call options on the company. This represents an increase of 93% compared to the typical volume of 10,089 call options.

Analyst Ratings Changes

A number of research analysts have issued reports on TTWO shares. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.06.

Insiders Place Their Bets

In other news, Director Jon J. Moses sold 500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $215.22, for a total transaction of $107,610.00. Following the sale, the director owned 22,368 shares in the company, valued at approximately $4,814,040.96. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 208,969 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $227.34, for a total value of $47,507,012.46. Following the sale, the chief executive officer owned 1,006,021 shares in the company, valued at $228,708,814.14. The trade was a 17.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 569,515 shares of company stock valued at $128,310,552. 1.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC acquired a new position in shares of Take-Two Interactive Software in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software during the fourth quarter worth about $28,000. Essential Partners LLC raised its position in Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares in the last quarter. Rachor Investment Advisory Services LLC purchased a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. Finally, MV Capital Management Inc. acquired a new position in Take-Two Interactive Software in the fourth quarter valued at approximately $34,000. 95.46% of the stock is owned by hedge funds and other institutional investors.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded down $0.61 during trading hours on Monday, hitting $238.67. The company’s stock had a trading volume of 2,563,956 shares, compared to its average volume of 2,239,001. The company has a 50 day moving average of $220.37 and a 200 day moving average of $222.77. The stock has a market cap of $44.31 billion, a PE ratio of -147.26, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.71. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $264.79.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.