Take-Two Interactive Software Sees Unusually Large Options Volume (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the target of some unusual options trading on Thursday. Stock investors purchased 22,488 call options on the stock. This represents an increase of 58% compared to the typical volume of 14,204 call options.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TTWO. Bank of America lifted their price target on shares of Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Oppenheimer increased their price objective on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Take-Two Interactive Software in a research report on Tuesday, July 28th. Wedbush reiterated an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, UBS Group reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $296.95.

Insider Buying and Selling at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 334 shares of Take-Two Interactive Software stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $242.34, for a total value of $80,941.56. Following the sale, the director owned 1,666 shares of the company’s stock, valued at $403,738.44. This trade represents a 16.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jon J. Moses sold 500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $244.61, for a total value of $122,305.00. Following the transaction, the director directly owned 21,868 shares of the company’s stock, valued at approximately $5,349,131.48. This trade represents a 2.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 540,759 shares of company stock worth $123,183,789 in the last quarter. Company insiders own 1.12% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

A number of large investors have recently added to or reduced their stakes in TTWO. California State Teachers Retirement System boosted its position in Take-Two Interactive Software by 21,833.4% during the second quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company’s stock worth $16,450,993,000 after purchasing an additional 65,509,194 shares during the period. BlackRock Inc. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter worth about $4,560,679,000. State Street Corp grew its stake in Take-Two Interactive Software by 3.5% in the 4th quarter. State Street Corp now owns 11,402,978 shares of the company’s stock valued at $2,919,362,000 after buying an additional 390,331 shares during the last quarter. Geode Capital Management LLC lifted its position in Take-Two Interactive Software by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 4,869,112 shares of the company’s stock worth $1,242,204,000 after acquiring an additional 60,893 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Take-Two Interactive Software by 0.6% during the fourth quarter. Invesco Ltd. now owns 2,889,144 shares of the company’s stock worth $739,707,000 after acquiring an additional 16,758 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock traded up $1.32 on Thursday, reaching $234.77. The stock had a trading volume of 2,993,292 shares, compared to its average volume of 2,262,997. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $265.94. The firm has a market capitalization of $43.90 billion, a price-to-earnings ratio of -135.70, a P/E/G ratio of 1.55 and a beta of 0.97. The firm’s 50-day moving average is $242.48 and its two-hundred day moving average is $222.41. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.Take-Two Interactive Software’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. On average, research analysts expect that Take-Two Interactive Software will post 5.51 EPS for the current fiscal year.

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.