Investors Purchase Large Volume of Call Options on Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw unusually large options trading on Thursday. Traders bought 60,076 call options on the company. This represents an increase of 413% compared to the average volume of 11,712 call options.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company lifted their price target on Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Zacks Research raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. BTIG Research reiterated a “buy” rating and set a $293.00 price target on shares of Take-Two Interactive Software in a research report on Monday, July 27th. Bank of America raised their target price on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software has an average rating of “Buy” and a consensus target price of $294.44.

Take-Two Interactive Software Price Performance

Shares of TTWO traded down $1.41 during midday trading on Thursday, hitting $233.50. The company’s stock had a trading volume of 1,097,311 shares, compared to its average volume of 2,243,594. The company’s fifty day simple moving average is $235.60 and its two-hundred day simple moving average is $221.37. The stock has a market capitalization of $43.66 billion, a price-to-earnings ratio of -144.24, a price-to-earnings-growth ratio of 4.47 and a beta of 0.97. Take-Two Interactive Software has a one year low of $187.63 and a one year high of $265.94. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71.

Insider Buying and Selling

In other news, Director Jon J. Moses sold 500 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the transaction, the director owned 21,868 shares in the company, valued at $5,349,131.48. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $252.53, for a total value of $84,345.02. Following the transaction, the director directly owned 1,833 shares of the company’s stock, valued at $462,887.49. This trade represents a 15.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 569,936 shares of company stock valued at $128,431,438 in the last three months. 1.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Take-Two Interactive Software by 30.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock valued at $50,000 after buying an additional 45 shares in the last quarter. First Horizon Corp lifted its stake in Take-Two Interactive Software by 26.4% during the 4th quarter. First Horizon Corp now owns 220 shares of the company’s stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Take-Two Interactive Software by 0.4% during the 4th quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock worth $2,761,000 after acquiring an additional 48 shares during the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 3.6% in the first quarter. Mayflower Financial Advisors LLC now owns 1,364 shares of the company’s stock valued at $269,000 after purchasing an additional 48 shares during the last quarter. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its holdings in Take-Two Interactive Software by 5.7% during the first quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 963 shares of the company’s stock worth $190,000 after purchasing an additional 52 shares during the last quarter. 95.46% of the stock is currently owned by institutional investors.

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.