Take-Two Interactive Software, Inc. witnessed an unusually high volume of option trading activities on Friday (NASDAQ: TTWO). Investors purchased seven thousand eight hundred sixty-five call options on the stock. When compared to the average number of 6,671 call options traded, this suggests that there was approximately an 18% increase in volume.
Analysts from a variety of institutions have, in recent times, focused their attention on the TTWO stock. In a research note regarding Take-Two Interactive Software published on November 8 and given the rating of “buy,” Bank of America (BofA) suggested that investors purchase the company’s shares. On October 12, a research note covering Take-Two Interactive Software shares was published by StockNews.com. This news item was part of the website’s expansion of its research coverage. They recommended “selling” the stock to prospective buyers. As part of a research note published on November 9, BMO Capital Markets downgraded the “outperform” rating and price target of $155.00 that they had previously assigned to Take-Two Interactive Software to $120.00. The note was published in conjunction with Take-Two Interactive Software stock. In a research report released on Wednesday, October 5, Goldman Sachs Group upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating. It increased its price target for the company from $131.00 to $165.00. Finally, in a research note published on Tuesday, November 8, Wells Fargo & Company decreased their price target for Take-Two Interactive Software from $185.00 to $132.00 while maintaining their “overweight” rating. One equity research analyst has recommended selling the stock, four have stated that they will maintain their holdings, and 18 have stated that they would buy the stock if it were on the market today. According to Bloomberg.com, the price target for the company is currently set at $144.18, and the consensus rating regarding the stock is a “Moderate Buy.”
Over the most recent few months, there has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock. The Commonwealth of Pennsylvania Public School Employees Retirement System increased the percentage of Take-Two Interactive Software shares that it owned by 6.7% over the year’s first three months. After purchasing an additional 971 shares during the most recent quarter, the Commonwealth of Pennsylvania Public School Empls Retreat SYS now directly owns 15,443 shares in the company, which have a value of $2,374,000. During the most recent quarter, these shares were acquired. Yousif Capital Management LLC made a 1.8% purchase of additional Take-Two Interactive Software shares during the first quarter, which increased the company’s ownership percentage. Yousif Capital Management LLC now holds 16,817 shares of the company’s stock, which has a value of $2,585,000 after purchasing an additional 300 shares during the most recent quarter. Raymond James Trust N.A. started a new investment in Take-Two Interactive Software during the year’s first three months by purchasing shares for approximately 206 thousand dollars. Dimensional Fund Advisors L.P. increased the amount of Take-Two Interactive Software stock owned by 1.1% over the first quarter. After making an additional purchase of 5,382 shares of the company’s stock during the period, Dimensional Fund Advisors L.P. now has 512,184 shares of ownership in the business. As a result, the total value of the company’s holdings has increased to $78,757,000. And finally, during the first three months of this year, Blair William & Co. IL increased the proportion of the company’s holdings invested in Take-Two Interactive Software by 3.2 percentage points. After making additional purchases during the most recent quarter totaling 1,289 shares, Blair William & Co., IL, now directly owns 41,602 shares, which have a value of $6,396,000. These shares were acquired after the company made additional purchases during the prior quarter. Currently, institutional investors and hedge funds hold 87.72% of the company’s shares.
On Friday, the NASDAQ TTWO increased by $3.92 to reach $106.18 during the lunchtime trading session. In total, 49,888 shares were traded, significantly lower than the daily average volume of 1,605,833 shares traded. The cost of Take-Two Interactive Software fluctuated between $90.00 and $178.50 over the preceding twelve months. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of -929.64, a price-to-growth ratio of 2.89, and a beta coefficient of 0.74. The business’s price-to-growth ratio is 2.89, and its price-to-growth ratio is 2.89. The debt-to-equity ratio is 0.31, the current ratio is 0.94, and the quick ratio is also 0.94. The debt-to-equity ratio, current ratio, and quick ratio all equal 0.94. The stock’s simple 50-day and 200-day moving averages are well above $100, coming in at $114.99 and $102.45, respectively, while both are well above $100.
Take-Two Interactive Software (NASDAQ: TTWO) announced the outcomes of its most recent quarterly earnings report on November 7, a Monday. The company reported $0.72 per share earnings for the quarter, which was $0.15 less than the consensus estimate of $0.87 that analysts provided. Take-Two Interactive Software had a return on equity that was positive by 6.01%, but the company’s net margin was negative by 2.44%. Despite this, the return on equity was positive. The revenue the company could bring in for the quarter was only $1.50 billion, which is significantly less than the $1.52 billion analysts anticipated it would bring in for the quarter. Take-Two Interactive Software is expected to generate earnings of $2.21 per share this year, according to projections made by industry experts.
Customers can be found worldwide, and Take-Two Interactive Software, Inc. is responsible for the production, marketing, and distribution of various interactive forms of entertainment. The company sells its products under various brand names: Rockstar Games, 2K, Private Division, and T2 Mobile Games. The company also markets its products under its name. Along with episodes and other content, the company creates action and adventure products under Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption. L.A. Noire, Bully, and Manhunt are just a few of the properties developed by this company.