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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the target of unusually large options trading on Friday. Stock traders acquired 16,038 call options on the stock. This is an increase of 157% compared to the typical volume of 6,241 call options.

Take-Two Interactive Software Stock Up 14.0 %

Shares of TTWO opened at $208.77 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $185.94 and a two-hundred day moving average price of $168.50. The stock has a market cap of $36.67 billion, a price-to-earnings ratio of -9.87, a P/E/G ratio of 5.76 and a beta of 0.89. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $212.88.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total value of $145,796.28. Following the transaction, the insider now directly owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.45% of the company’s stock.

Institutional Investors Weigh In On Take-Two Interactive Software

Several large investors have recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its stake in Take-Two Interactive Software by 1,630,798.7% in the fourth quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after purchasing an additional 142,450,266 shares in the last quarter. State Street Corp raised its holdings in shares of Take-Two Interactive Software by 8.8% in the third quarter. State Street Corp now owns 10,899,267 shares of the company’s stock valued at $1,675,241,000 after buying an additional 880,816 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Take-Two Interactive Software by 13.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,393,233 shares of the company’s stock worth $828,994,000 after buying an additional 648,982 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Take-Two Interactive Software by 10.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,240,565 shares of the company’s stock worth $651,817,000 after acquiring an additional 417,325 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Take-Two Interactive Software by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,011,190 shares of the company’s stock valued at $614,511,000 after acquiring an additional 134,767 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTWO shares. JPMorgan Chase & Co. upped their price objective on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. TD Cowen upped their price target on shares of Take-Two Interactive Software from $176.00 to $211.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Citigroup lifted their price objective on Take-Two Interactive Software from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird upped their target price on Take-Two Interactive Software from $172.00 to $181.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $240.00 price target (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $208.47.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.