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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of unusually large options trading on Friday. Stock investors acquired 7,082 put options on the company. This represents an increase of 43% compared to the typical daily volume of 4,951 put options.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director owned 65,781 shares in the company, valued at $15,465,770.91. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $235.95, for a total value of $97,683.30. Following the completion of the sale, the director directly owned 2,716 shares of the company’s stock, valued at $640,840.20. The trade was a 13.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,007 shares of company stock worth $247,095 over the last three months. Insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors and hedge funds have recently bought and sold shares of TTWO. Private Trust Co. NA grew its holdings in shares of Take-Two Interactive Software by 27.1% during the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after buying an additional 39 shares during the last quarter. Miracle Mile Advisors LLC boosted its stake in Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock valued at $1,996,000 after purchasing an additional 39 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Take-Two Interactive Software by 2.7% in the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock worth $383,000 after purchasing an additional 39 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Take-Two Interactive Software by 42.9% in the third quarter. Blue Trust Inc. now owns 150 shares of the company’s stock worth $39,000 after purchasing an additional 45 shares during the last quarter. Finally, STF Management LP lifted its holdings in shares of Take-Two Interactive Software by 1.8% during the second quarter. STF Management LP now owns 2,616 shares of the company’s stock valued at $635,000 after purchasing an additional 46 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

Take-Two Interactive Software Stock Up 1.8%

TTWO stock opened at $256.09 on Friday. Take-Two Interactive Software has a twelve month low of $177.35 and a twelve month high of $264.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The firm has a market cap of $47.32 billion, a PE ratio of -11.34, a price-to-earnings-growth ratio of 4.09 and a beta of 0.96. The business has a 50 day moving average of $246.62 and a 200 day moving average of $242.28.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted ($2.08) earnings per share. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, research analysts forecast that Take-Two Interactive Software will post 0.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 28th. Jefferies Financial Group upped their target price on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group cut Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. CICC Research started coverage on Take-Two Interactive Software in a research report on Tuesday, September 30th. They set an “outperform” rating and a $272.00 price target on the stock. Finally, Wedbush increased their price objective on Take-Two Interactive Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Twenty analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.33.

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.