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

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) was the recipient of some unusual options trading on Friday. Stock traders purchased 65,947 call options on the company. This represents an increase of approximately 640% compared to the average volume of 8,909 call options.

Trending Headlines about Take-Two Interactive Software

Here are the key news stories impacting Take-Two Interactive Software this week:

• Positive Sentiment: Take-Two confirmed that Grand Theft Auto VI remains on track for a Nov. 19 release, reducing delay risk and supporting investor confidence in a major upcoming catalyst. Reuters article
• Positive Sentiment: The company reported better-than-expected quarterly results, with revenue and adjusted earnings beating estimates, showing the business is still performing well ahead of GTA VI. Business Wire article
• Positive Sentiment: Management forecast record fiscal 2027 net bookings driven by GTA VI, suggesting a sharp step-up in demand next year even with near-term volatility. Benzinga article
• Neutral Sentiment: Some coverage notes the stock is pulling back after the post-earnings jump, as traders reassess whether the strong GTA VI outlook is already reflected in the share price. Yahoo Finance article
• Negative Sentiment: Despite the upbeat GTA VI catalyst, FY2027 bookings guidance of $8.0 billion to $8.2 billion was below consensus, raising concerns that management’s outlook is more conservative than investors expected. Reuters article

Analyst Ratings Changes

A number of research firms have issued reports on TTWO. Benchmark reiterated a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Raymond James Financial upgraded Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a report on Tuesday, February 10th. UBS Group boosted their price target on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, DA Davidson restated a “buy” rating and set a $300.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.93.

Take-Two Interactive Software Trading Down 5.2%

Shares of NASDAQ:TTWO traded down $12.30 during midday trading on Friday, hitting $225.78. 3,049,712 shares of the stock were exchanged, compared to its average volume of 2,076,019. The business’s 50-day moving average price is $211.59 and its 200 day moving average price is $225.86. Take-Two Interactive Software has a 12 month low of $187.63 and a 12 month high of $264.79. The stock has a market capitalization of $41.81 billion, a price-to-earnings ratio of -10.02, a P/E/G ratio of 3.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Ellen F. Siminoff sold 413 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $207.66, for a total value of $85,763.58. Following the transaction, the director owned 2,000 shares in the company, valued at $415,320. The trade was a 17.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Strauss Zelnick sold 52,054 shares of Take-Two Interactive Software stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $214.40, for a total value of $11,160,377.60. Following the completion of the transaction, the chief executive officer owned 178,702 shares in the company, valued at approximately $38,313,708.80. This represents a 22.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 64,724 shares of company stock worth $13,866,155. Insiders own 1.34% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several institutional investors have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its holdings in Take-Two Interactive Software by 333.3% in the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock valued at $33,000 after acquiring an additional 130 shares during the last quarter. Groupe la Francaise lifted its holdings in Take-Two Interactive Software by 21.8% in the first quarter. Groupe la Francaise now owns 8,983 shares of the company’s stock valued at $1,713,000 after buying an additional 1,609 shares during the period. Western Wealth Management LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at $45,000. Bank of America Corp DE boosted its position in Take-Two Interactive Software by 3.2% during the first quarter. Bank of America Corp DE now owns 1,912,079 shares of the company’s stock valued at $377,636,000 after acquiring an additional 58,703 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Take-Two Interactive Software by 502.6% during the 1st quarter. Edgestream Partners L.P. now owns 12,083 shares of the company’s stock worth $2,386,000 after acquiring an additional 10,078 shares during the period. 95.46% of the stock is currently owned by institutional investors.

About Take-Two Interactive Software

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.