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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of some unusual options trading activity on Monday. Traders purchased 13,794 put options on the company. This is an increase of approximately 135% compared to the average daily volume of 5,867 put options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TTWO shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a research report on Wednesday, January 21st. DA Davidson upped their price objective on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Jefferies Financial Group increased their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. TD Cowen reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.11.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 414 shares of Take-Two Interactive Software stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $245.48, for a total transaction of $101,628.72. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Sheresky sold 182 shares of the business’s stock in a transaction that occurred 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 owned 65,781 shares in the company, valued at $15,465,770.91. This trade represents a 0.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,010 shares of company stock valued at $242,102. Corporate insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software in the third quarter worth approximately $26,000. Blue Trust Inc. raised its position in Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 53 shares during the period. GHP Investment Advisors Inc. purchased a new position in shares of Take-Two Interactive Software during the 4th quarter worth $28,000. Pinnacle Bancorp Inc. bought a new stake in shares of Take-Two Interactive Software during the 3rd quarter valued at $29,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Take-Two Interactive Software in the 2nd quarter worth $27,000. Institutional investors own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $221.81 on Tuesday. The company has a market capitalization of $40.99 billion, a P/E ratio of -9.82, a PEG ratio of 3.51 and a beta of 0.92. Take-Two Interactive Software has a fifty-two week low of $181.86 and a fifty-two week high of $264.79. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a 50 day moving average price of $246.30 and a two-hundred day moving average price of $243.64.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.71 billion. During the same quarter in the previous year, the business earned ($2.08) EPS. Take-Two Interactive Software’s revenue was up 33.3% compared to the same quarter last year. Analysts expect that Take-Two Interactive Software will post 0.97 earnings per share for the current year.

Take-Two Interactive Software Company Profile

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.