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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw unusually large options trading activity on Friday. Investors purchased 16,038 call options on the company. This represents an increase of approximately 157% compared to the average daily volume of 6,241 call options.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded up $25.36 during trading hours on Friday, reaching $208.44. 3,142,548 shares of the stock were exchanged, compared to its average volume of 1,666,980. The stock has a market capitalization of $36.61 billion, a P/E ratio of -9.81, a P/E/G ratio of 5.76 and a beta of 0.89. The firm has a 50 day simple moving average of $185.53 and a 200-day simple moving average of $168.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a 52 week low of $135.24 and a 52 week high of $210.00.

Insider Buying and Selling at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 777 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now owns 149,379 shares of the company’s stock, valued at approximately $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently added to or reduced their stakes in TTWO. Itau Unibanco Holding S.A. bought a new position in shares of Take-Two Interactive Software during the third quarter worth about $27,000. Truvestments Capital LLC bought a new stake in shares of Take-Two Interactive Software during the third quarter valued at approximately $31,000. Assetmark Inc. boosted its position in shares of Take-Two Interactive Software by 155.9% during the fourth quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after buying an additional 106 shares during the period. Versant Capital Management Inc grew its holdings in Take-Two Interactive Software by 87.0% in the 4th quarter. Versant Capital Management Inc now owns 187 shares of the company’s stock worth $34,000 after buying an additional 87 shares in the last quarter. Finally, Catalyst Capital Advisors LLC increased its position in Take-Two Interactive Software by 69.3% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 281 shares of the company’s stock valued at $43,000 after acquiring an additional 115 shares during the period. 95.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on Take-Two Interactive Software from $220.00 to $223.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Moffett Nathanson raised their target price on shares of Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday. Roth Mkm lifted their price target on shares of Take-Two Interactive Software from $182.00 to $208.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $190.00 target price on shares of Take-Two Interactive Software in a research report on Monday, December 9th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and an average price target of $204.22.

About Take-Two Interactive Software

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.