What’s in Take-Two Interactive Software, Inc. After Today’s Bullish Options Activity?

 What's in Take Two Interactive Software, Inc. After Today's Bullish Options Activity?

In today’s session Take-Two Interactive Software, Inc. (TTWO) registered an unusually high (731) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious TTWO increase. With 731 contracts traded and 11234 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: TTWO161118C00044000 closed last at: $2.2 or 20% down. About 73,055 shares traded hands. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 21.15% since March 9, 2016 and is uptrending. It has outperformed by 13.73% the S&P500.

Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on November, 3. They expect $0.12 EPS, down 36.84% or $0.07 from last year’s $0.19 per share. TTWO’s profit will be $9.95M for 87.69 P/E if the $0.12 EPS becomes a reality. After $-0.38 actual EPS reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -131.58% EPS growth.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Ratings Coverage

Out of 10 analysts covering Take-Two Interactive Software (NASDAQ:TTWO), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $48 is the highest target while $29.50 is the lowest. The $39.81 average target is -5.42% below today’s ($42.09) stock price. Take-Two Interactive Software has been the topic of 23 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Wedbush maintained the shares of TTWO in a report on Thursday, February 4 with “Neutral” rating. The firm has “Buy” rating given on Thursday, February 4 by M Partners. Brean Capital maintained the shares of TTWO in a report on Tuesday, August 11 with “Buy” rating. Piper Jaffray maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Tuesday, August 11 with “Overweight” rating. The company was maintained on Friday, November 6 by Mizuho. The rating was initiated by BMO Capital Markets on Wednesday, April 27 with “Outperform”. As per Tuesday, August 9, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, September 3 by BTIG Research.

According to Zacks Investment Research, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe.”

Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.01, from 1.02 in 2016Q1. The ratio is positive, as 33 funds sold all Take-Two Interactive Software, Inc. shares owned while 85 reduced positions. 48 funds bought stakes while 73 increased positions. They now own 98.88 million shares or 1.76% more from 97.17 million shares in 2016Q1.
Texas Permanent School Fund reported 64,866 shares or 0.03% of all its holdings. First Tru L P accumulated 0.01% or 79,061 shares. Swiss Natl Bank accumulated 143,600 shares or 0.01% of the stock. Blackrock Fund accumulated 0.05% or 5.53 million shares. Lucus Advsr Limited Co last reported 0.29% of its portfolio in the stock. Wasatch last reported 276,159 shares in the company. Moreover, Keybank Association Oh has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 17,392 shares. Price T Rowe Associate Md holds 377,705 shares or 0% of its portfolio. Moreover, Ameriprise Fincl Inc has 0.02% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 883,866 shares. Moreover, Commercial Bank Of America Corp De has 0.01% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 1.03M shares. Moreover, Cantab Partners Limited Liability Partnership has 0% invested in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 959 shares. New York State Common Retirement Fund owns 493,203 shares or 0.03% of their US portfolio. Spark Invest Mngmt Limited Liability Com, a New York-based fund reported 38,100 shares. Blackrock Group Incorporated accumulated 240,238 shares or 0% of the stock. Point72 Asset Mngmt L P holds 0.22% of its portfolio in Take-Two Interactive Software, Inc. (NASDAQ:TTWO) for 870,800 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 9 selling transactions for $31.23 million net activity. Emerson Daniel P had sold 16,348 shares worth $640,163 on Wednesday, June 8. $13.39 million worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares were sold by Slatoff Karl. On Wednesday, June 8 ZELNICK STRAUSS sold $1.96M worth of the stock or 50,000 shares. The insider Dornemann Michael sold 11,500 shares worth $456,113. Moses Jon J had sold 10,000 shares worth $389,000. Sheresky Michael sold $21,780 worth of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) on Thursday, August 18.

Take-Two Interactive Software, Inc. is a developer, publisher and marketer of entertainment for clients around the world. The company has a market cap of $3.49 billion. The Firm develops and publishes products through its labels, Rockstar Games and 2K. It has a 642.5 P/E ratio. It operates through publishing segment.

TTWO Company Profile

Take-Two Interactive Software, Inc., incorporated on October 30, 1993, is a developer, publisher and marketer of entertainment for clients around the world. The Firm develops and publishes products through its two labels, Rockstar Games and 2K. It operates through publishing segment. The Firm has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world. The Company’s products are designed for console gaming systems, such as Sony Computer Entertainment, Inc.’s PlayStation 3 and PlayStation 4, Microsoft Corporation’s Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services.

More notable recent Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news were published by: Businesswire.com which released: “Take-Two Interactive Software, Inc. to Report Fiscal Second Quarter 2017 …” on October 05, 2016, also Profitconfidential.com with their article: “Take-Two Interactive Software, Inc.: Triple-Digit Upside for TTWO Stock?” published on August 26, 2016, Forbes.com published: “Take-Two Interactive Software Reaches Analyst Target Price” on August 30, 2016. More interesting news about Take-Two Interactive Software, Inc. (NASDAQ:TTWO) were released by: Businesswire.com and their article: “Take-Two Interactive Software, Inc. Reports Results for Fiscal First Quarter 2017” published on August 04, 2016 as well as Businesswire.com‘s news article titled: “Take-Two Interactive Software, Inc. to Webcast Annual Meeting of Stockholders” with publication date: September 15, 2016.

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