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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) saw unusually large options trading on Friday. Stock investors acquired 13,823 put options on the stock. This is an increase of 90% compared to the typical daily volume of 7,294 put options.

Insider Buying and Selling

In related news, CEO Strauss Zelnick sold 7,946 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $214.16, for a total value of $1,701,715.36. Following the sale, the chief executive officer directly owned 170,756 shares of the company’s stock, valued at $36,569,104.96. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 155 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $194.73, for a total value of $30,183.15. Following the completion of the sale, the director directly owned 65,626 shares in the company, valued at $12,779,350.98. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 65,293 shares of company stock valued at $13,994,803 over the last 90 days. 1.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTWO. MCF Advisors LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Take-Two Interactive Software during the third quarter valued at $26,000. GHP Investment Advisors Inc. bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $28,000. Pinnacle Bancorp Inc. bought a new position in shares of Take-Two Interactive Software during the third quarter valued at $29,000. Finally, Rachor Investment Advisory Services LLC bought a new position in shares of Take-Two Interactive Software during the fourth quarter valued at $34,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Trading Down 0.5%

Shares of NASDAQ:TTWO opened at $197.07 on Friday. The company has a market cap of $36.49 billion, a P/E ratio of -8.81, a PEG ratio of 2.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.14 and a quick ratio of 1.14. Take-Two Interactive Software has a 1 year low of $187.63 and a 1 year high of $264.79. The stock’s fifty day moving average price is $202.83 and its 200-day moving average price is $232.73.

Analysts Set New Price Targets

TTWO has been the topic of several analyst reports. Wedbush reissued an “outperform” rating and issued a $300.00 target price on shares of Take-Two Interactive Software in a report on Tuesday, March 3rd. Zacks Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Benchmark reissued a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Morgan Stanley boosted their target price on Take-Two Interactive Software from $275.00 to $280.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen 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, Take-Two Interactive Software presently has an average rating of “Moderate Buy” and an average target price of $284.31.

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.