Take-Two Interactive Software Target of Unusually High Options Trading (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of some unusual options trading on Friday. Investors bought 16,038 call options on the company. This represents an increase of 157% compared to the typical daily volume of 6,241 call options.

Take-Two Interactive Software Trading Up 14.0 %

Shares of NASDAQ:TTWO opened at $208.77 on Friday. The firm has a market cap of $36.67 billion, a price-to-earnings ratio of -9.87, a PEG ratio of 5.76 and a beta of 0.89. 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 12 month low of $135.24 and a 12 month high of $212.88. The company’s fifty day simple moving average is $185.94 and its 200 day simple moving average is $168.50.

Insider Buying and Selling at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the completion of the sale, the insider now owns 149,379 shares in the company, valued at $28,029,475.56. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of Take-Two Interactive Software by 12.8% in the second quarter. Cetera Investment Advisers now owns 14,987 shares of the company’s stock worth $2,330,000 after purchasing an additional 1,706 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Take-Two Interactive Software in the 2nd quarter valued at $638,000. Czech National Bank lifted its position in Take-Two Interactive Software by 9.7% during the 3rd quarter. Czech National Bank now owns 33,207 shares of the company’s stock worth $5,104,000 after buying an additional 2,948 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Take-Two Interactive Software by 5.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,709 shares of the company’s stock worth $263,000 after buying an additional 92 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Take-Two Interactive Software by 13.0% in the 3rd quarter. Mather Group LLC. now owns 1,389 shares of the company’s stock valued at $214,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $240.00 price objective (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. The Goldman Sachs Group raised their price target on Take-Two Interactive Software from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus upped their price objective 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. Oppenheimer raised their target price on Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird upped their price target on Take-Two Interactive Software from $172.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.47.

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.