Take-Two Interactive Software (NASDAQ:TTWO) Sees Unusually-High Trading Volume – Here’s Why

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Free Report) shares saw an uptick in trading volume on Friday . 3,654,629 shares changed hands during trading, an increase of 163% from the previous session’s volume of 1,391,249 shares.The stock last traded at $215.2120 and had previously closed at $239.27.

Key Stories Impacting Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

Analysts Set New Price Targets

TTWO has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a research note on Thursday. B. Riley initiated coverage on shares of Take-Two Interactive Software in a research report on Wednesday, December 10th. They set a “buy” rating and a $300.00 target price for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Morgan Stanley lifted their price objective on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, UBS Group upped their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.11.

Get Our Latest Research Report on Take-Two Interactive Software

Take-Two Interactive Software Trading Down 7.9%

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $40.71 billion, a P/E ratio of -9.75, a price-to-earnings-growth ratio of 3.82 and a beta of 0.92. The company has a fifty day simple moving average of $246.65 and a two-hundred day simple moving average of $243.69.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. Take-Two Interactive Software had a positive return on equity of 12.49% and a negative net margin of 64.26%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the firm posted ($2.08) earnings per share. Take-Two Interactive Software’s revenue was up 33.3% compared to the same quarter last year. On average, sell-side analysts expect that Take-Two Interactive Software, Inc. will post 0.97 earnings per share for the current year.

Insider Activity at Take-Two Interactive Software

In related news, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $245.48, for a total value of $101,628.72. Following the sale, the director directly owned 2,429 shares of the company’s stock, valued at approximately $596,270.92. The trade was a 14.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Sheresky sold 182 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares of the company’s stock, valued at approximately $15,465,770.91. The trade was a 0.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,010 shares of company stock worth $242,102 over the last 90 days. Corporate insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of Take-Two Interactive Software by 27.1% in the third quarter. Private Trust Co. NA now owns 183 shares of the company’s stock valued at $47,000 after buying an additional 39 shares during the period. Miracle Mile Advisors LLC increased its stake in Take-Two Interactive Software by 0.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,727 shares of the company’s stock worth $1,996,000 after acquiring an additional 39 shares during the period. Mather Group LLC. raised its holdings in Take-Two Interactive Software by 2.7% in the 3rd quarter. Mather Group LLC. now owns 1,484 shares of the company’s stock valued at $383,000 after acquiring an additional 39 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Take-Two Interactive Software by 42.9% during the 3rd quarter. Blue Trust Inc. now owns 150 shares of the company’s stock valued at $39,000 after acquiring an additional 45 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Take-Two Interactive Software by 30.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 195 shares of the company’s stock worth $50,000 after purchasing an additional 45 shares in the last quarter. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

(Get Free Report)

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.

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