Take-Two Interactive Software Sees Unusually High Options Volume (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw unusually large options trading on Wednesday. Stock traders bought 9,524 put options on the company. This is an increase of approximately 21% compared to the typical daily volume of 7,850 put options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a research report on Wednesday, February 4th. B. Riley Financial initiated coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They set a “buy” rating and a $300.00 price target on the stock. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $284.44.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded down $2.23 during midday trading on Wednesday, hitting $214.82. The company’s stock had a trading volume of 971,503 shares, compared to its average volume of 2,398,981. Take-Two Interactive Software has a 12 month low of $188.56 and a 12 month high of $264.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $39.78 billion, a PE ratio of -9.60, a price-to-earnings-growth ratio of 8.76 and a beta of 0.94. The stock’s 50-day moving average price is $228.24 and its 200-day moving average price is $240.02.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 155 shares of Take-Two Interactive Software stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director owned 65,626 shares of the company’s stock, valued at $12,779,350.98. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel P. Emerson sold 810 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $213.47, for a total transaction of $172,910.70. Following the sale, the insider directly owned 124,191 shares in the company, valued at $26,511,052.77. This trade represents a 0.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,490 shares of company stock worth $750,049. 1.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Take-Two Interactive Software in the second quarter worth approximately $731,047,000. Vanguard Group Inc. lifted its position in Take-Two Interactive Software by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock valued at $291,551,000 after buying an additional 704,316 shares during the period. Alyeska Investment Group L.P. grew its holdings in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock valued at $471,845,000 after acquiring an additional 568,263 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Take-Two Interactive Software by 17.3% in the second quarter. Invesco Ltd. now owns 3,490,676 shares of the company’s stock worth $847,711,000 after acquiring an additional 515,484 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

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.