Traders Buy Large Volume of Take-Two Interactive Software Put Options (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the target of some unusual options trading on Friday. Investors bought 7,082 put options on the stock. This is an increase of 43% compared to the typical volume of 4,951 put options.

Insiders Place Their Bets

In related news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $235.11, for a total value of $42,790.02. Following the transaction, the director owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ellen F. Siminoff sold 414 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $235.95, for a total transaction of $97,683.30. Following the sale, the director directly owned 2,716 shares of the company’s stock, valued at $640,840.20. This represents a 13.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,007 shares of company stock valued at $247,095 in the last quarter. 1.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TTWO. Mirae Asset Global Investments Co. Ltd. increased its stake in Take-Two Interactive Software by 21.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,783 shares of the company’s stock worth $72,317,000 after acquiring an additional 52,524 shares during the period. Ninety One UK Ltd lifted its position in shares of Take-Two Interactive Software by 22.8% during the 2nd quarter. Ninety One UK Ltd now owns 1,801,582 shares of the company’s stock valued at $437,514,000 after acquiring an additional 334,946 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Take-Two Interactive Software by 79.2% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,251 shares of the company’s stock worth $547,000 after purchasing an additional 995 shares in the last quarter. Swiss National Bank grew its holdings in shares of Take-Two Interactive Software by 7.9% during the 2nd quarter. Swiss National Bank now owns 534,308 shares of the company’s stock worth $129,757,000 after purchasing an additional 38,900 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Take-Two Interactive Software by 9.8% in the first quarter. Swedbank AB now owns 115,042 shares of the company’s stock worth $23,842,000 after purchasing an additional 10,305 shares during the period. Institutional investors and hedge funds own 95.46% of the company’s stock.

Analysts Set New Price Targets

TTWO has been the subject of a number of recent analyst reports. DA Davidson raised their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Cowen restated a “buy” rating on shares of Take-Two Interactive Software in a report on Tuesday, November 25th. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Friday, November 28th. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target on the stock in a research report on Monday, December 1st. Finally, Jefferies Financial Group increased their price objective on Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Twenty equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $266.33.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ TTWO opened at $256.09 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.15 and a quick ratio of 1.15. Take-Two Interactive Software has a one year low of $177.35 and a one year high of $264.79. The business’s 50-day moving average price is $246.62 and its two-hundred day moving average price is $242.23. The company has a market capitalization of $47.32 billion, a P/E ratio of -11.34, a price-to-earnings-growth ratio of 4.02 and a beta of 0.96.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned ($2.08) EPS. Analysts anticipate that Take-Two Interactive Software will post 0.97 earnings per share 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.