Traders Purchase High Volume of Take-Two Interactive Software Call Options (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) was the target of some unusual options trading on Friday. Stock traders bought 16,038 call options on the company. This represents an increase of approximately 157% compared to the average volume of 6,241 call options.

Insider Activity

In related news, insider Daniel P. Emerson sold 777 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $187.64, for a total value of $145,796.28. Following the completion of the transaction, the insider now directly owns 149,379 shares of the company's stock, valued at $28,029,475.56. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.45% of the company's stock.

Institutional Trading of Take-Two Interactive Software

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank lifted its position in shares of Take-Two Interactive Software by 2.7% during the 3rd quarter. Swiss National Bank now owns 493,508 shares of the company's stock valued at $75,857,000 after acquiring an additional 13,200 shares during the period. CIBC Asset Management Inc raised its holdings in Take-Two Interactive Software by 9.1% during the third quarter. CIBC Asset Management Inc now owns 53,345 shares of the company's stock worth $8,200,000 after purchasing an additional 4,456 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in Take-Two Interactive Software during the fourth quarter worth $734,000. Paloma Partners Management Co acquired a new stake in Take-Two Interactive Software in the third quarter valued at $20,290,000. Finally, TriaGen Wealth Management LLC purchased a new position in shares of Take-Two Interactive Software in the fourth quarter valued at $559,000. Hedge funds and other institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Price Performance

TTWO stock traded down $3.03 on Tuesday, reaching $209.48. 903,967 shares of the company's stock were exchanged, compared to its average volume of 1,844,426. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.53. Take-Two Interactive Software has a twelve month low of $135.24 and a twelve month high of $215.84. The firm has a market cap of $36.79 billion, a PE ratio of -9.82, a P/E/G ratio of 5.68 and a beta of 0.89. The stock has a fifty day moving average of $186.43 and a 200-day moving average of $169.17.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TTWO shares. Oppenheimer upped their target price on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. Moffett Nathanson raised their price objective on Take-Two Interactive Software from $156.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday. BMO Capital Markets reissued an "outperform" rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a report on Thursday, December 5th. Roth Mkm raised their price target on Take-Two Interactive Software from $182.00 to $208.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Finally, Wedbush reaffirmed an "outperform" rating and set a $215.00 price target on shares of Take-Two Interactive Software in a research report on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $208.47.

About Take-Two Interactive Software

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.