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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of some unusual options trading on Friday. Stock investors bought 13,823 put options on the company. This is an increase of approximately 90% compared to the average daily volume of 7,294 put options.

Take-Two Interactive Software Stock Performance

NASDAQ:TTWO traded down $3.08 during trading hours on Friday, reaching $194.97. 357,332 shares of the stock were exchanged, compared to its average volume of 2,177,585. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $203.30 and a 200-day simple moving average of $233.11. Take-Two Interactive Software has a 52 week low of $187.63 and a 52 week high of $264.79. The stock has a market capitalization of $36.10 billion, a P/E ratio of -8.72, a P/E/G ratio of 3.02 and a beta of 0.96.

Insider Transactions at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the transaction, the director owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Sheresky sold 155 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the transaction, the director directly owned 65,626 shares of the company’s stock, valued at $12,779,350.98. This represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,293 shares of company stock valued at $13,994,803 in the last three months. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MCF Advisors LLC bought a new position in Take-Two Interactive Software during the 4th quarter worth approximately $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in Take-Two Interactive Software during the 3rd quarter worth approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Take-Two Interactive Software during the 3rd quarter worth approximately $29,000. Finally, MV Capital Management Inc. acquired a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $34,000. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. UBS Group increased their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley increased their price target on Take-Two Interactive Software from $275.00 to $280.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Finally, Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Take-Two Interactive Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.31.

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.