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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the target of unusually large options trading activity on Monday. Stock investors bought 19,505 call options on the company. This is an increase of approximately 93% compared to the typical daily volume of 10,089 call options.

Insider Activity

In related news, Director Michael Dornemann sold 1,151 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $217.02, for a total transaction of $249,790.02. Following the sale, the director owned 20,374 shares in the company, valued at approximately $4,421,565.48. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Karl Slatoff sold 208,969 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46. Following the sale, the president owned 1,006,021 shares in the company, valued at approximately $228,708,814.14. This represents a 17.20% 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. Over the last 90 days, insiders sold 569,515 shares of company stock worth $128,310,552. 1.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently bought and sold shares of the company. MCF Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new position in Take-Two Interactive Software during the fourth quarter worth about $28,000. Essential Partners LLC boosted its holdings in Take-Two Interactive Software by 333.3% in the 1st quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Rachor Investment Advisory Services LLC acquired a new position in Take-Two Interactive Software in the 4th quarter valued at about $34,000. Finally, MV Capital Management Inc. purchased a new stake in shares of Take-Two Interactive Software in the 4th quarter valued at approximately $34,000. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

Take-Two Interactive Software Price Performance

Shares of TTWO stock traded down $0.61 on Monday, reaching $238.67. 2,563,956 shares of the company were exchanged, compared to its average volume of 2,239,001. Take-Two Interactive Software has a 1 year low of $187.63 and a 1 year high of $264.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The business has a 50-day moving average price of $220.37 and a 200 day moving average price of $222.77. The company has a market cap of $44.31 billion, a price-to-earnings ratio of -147.26, a P/E/G ratio of 4.73 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TTWO. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Friday, May 22nd. Wells Fargo & Company dropped their price objective on Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. BMO Capital Markets restated an “outperform” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Finally, Wedbush reaffirmed 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.06.

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.