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

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) was the target of some unusual options trading activity on Friday. Investors acquired 7,865 call options on the stock. This represents an increase of 18% compared to the average daily volume of 6,671 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTWO. Truist Financial decreased their target price on shares of Take-Two Interactive Software from $157.00 to $131.00 in a research note on Wednesday, November 16th. Bank of America upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and decreased their target price for the company from $130.00 to $120.00 in a research note on Tuesday, November 8th. Cowen reduced their price objective on shares of Take-Two Interactive Software from $185.00 to $147.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Cowen reduced their price objective on shares of Take-Two Interactive Software from $185.00 to $147.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Finally, Benchmark reduced their price objective on shares of Take-Two Interactive Software from $139.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $144.17.

Hedge Funds Weigh In On Take-Two Interactive Software

Several large investors have recently bought and sold shares of TTWO. CIBC Private Wealth Group LLC boosted its position in shares of Take-Two Interactive Software by 2,500.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 208 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. Psagot Value Holdings Ltd. Israel boosted its position in shares of Take-Two Interactive Software by 97.2% during the 2nd quarter. Psagot Value Holdings Ltd. Israel now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 104 shares in the last quarter. Prospera Financial Services Inc boosted its position in shares of Take-Two Interactive Software by 104.6% during the 2nd quarter. Prospera Financial Services Inc now owns 221 shares of the company’s stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. Financial Avengers Inc. acquired a new position in shares of Take-Two Interactive Software in the second quarter worth about $27,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Take-Two Interactive Software by 224.3% in the second quarter. Geneos Wealth Management Inc. now owns 227 shares of the company’s stock worth $28,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

Take-Two Interactive Software Stock Up 4.2 %

TTWO stock opened at $106.59 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. Take-Two Interactive Software has a fifty-two week low of $90.00 and a fifty-two week high of $178.50. The firm’s 50-day simple moving average is $102.54 and its 200 day simple moving average is $114.86. The stock has a market cap of $17.89 billion, a PE ratio of -969.00, a price-to-earnings-growth ratio of 2.89 and a beta of 0.74.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last released its earnings results on Monday, November 7th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.15). The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. Take-Two Interactive Software had a negative net margin of 2.44% and a positive return on equity of 6.01%. As a group, sell-side analysts predict that Take-Two Interactive Software will post 2.21 EPS for the current year.

Take-Two Interactive Software Company Profile

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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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