Take-Two Interactive Software (NASDAQ:TTWO) Sees Large Volume Increase – Should You Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares saw unusually-high trading volume on Thursday . Approximately 1,534,536 shares were traded during trading, a decline of 30% from the previous session’s volume of 2,187,313 shares.The stock last traded at $238.7460 and had previously closed at $228.03.

Key Headlines Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Rockstar confirmed GTA VI pre-orders start June 25, fueling expectations for strong demand and making the launch a key near-term catalyst for TTWO. Reuters article on GTA VI pre-orders
• Positive Sentiment: Jefferies said the preorder rollout could be the stock catalyst investors have been waiting for, with pricing and possible trailer details likely to shape expectations for bookings. Jefferies commentary on GTA VI pre-orders
• Positive Sentiment: Several reports noted TTWO shares rose on the preorder news, reflecting investor optimism around the franchise’s revenue potential. TTWO stock rises on GTA VI preorder news
• Neutral Sentiment: Raymond James said May franchise data remained in line with recent trends, suggesting the core business is stable while investors focus on GTA VI-related upside. Raymond James note on TTWO trends
• Negative Sentiment: Two insider sales were disclosed, including a larger sale by executive Daniel Emerson and a smaller sale by director Jon Moses. The transactions were pre-planned, but they may slightly weigh on sentiment. Insider sale by Daniel Emerson Insider sale by Jon Moses

Analysts Set New Price Targets

A number of equities analysts recently commented on TTWO shares. Piper Sandler reaffirmed an “overweight” rating on shares of Take-Two Interactive Software in a research note on Tuesday. DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Monday, June 15th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note 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 report on Friday, May 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $287.06.

Take-Two Interactive Software Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $44.43 billion, a PE ratio of -147.70, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98. The business’s 50-day moving average price is $220.37 and its 200-day moving average price is $222.96.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,151 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total value of $249,790.02. Following the completion of the sale, the director owned 20,374 shares in the company, valued at $4,421,565.48. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction on Monday, June 15th. The shares were sold at an average price of $215.22, for a total transaction of $107,610.00. Following the sale, the director directly owned 22,368 shares of the company’s stock, valued at $4,814,040.96. This trade represents a 2.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 569,515 shares of company stock worth $128,310,552. 1.34% of the stock is owned by company insiders.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 worth $50,000 after purchasing an additional 45 shares in the last quarter. First Horizon Corp grew its holdings in shares of Take-Two Interactive Software by 26.4% during the fourth quarter. First Horizon Corp now owns 220 shares of the company’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of Take-Two Interactive Software by 0.4% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,780 shares of the company’s stock valued at $2,761,000 after buying an additional 48 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake 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 buying an additional 48 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Take-Two Interactive Software by 5.2% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,007 shares of the company’s stock valued at $260,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds 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.