Take-Two Interactive Software (TTWO) : Rs Investment Management Co reduced its stake in Take-Two Interactive Software by 11.46% during the most recent quarter end. The investment management company now holds a total of 1,395,498 shares of Take-Two Interactive Software which is valued at $56,447,894 after selling 180,649 shares in Take-Two Interactive Software , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Take-Two Interactive Software makes up approximately 0.55% of Rs Investment Management Co’s portfolio.
Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in TTWO in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 2,330 shares of Take-Two Interactive Software which is valued at $94,738. Take-Two Interactive Software makes up approx 0.03% of Independent Portfolio Consultants’s portfolio. Alpha Windward sold out all of its stake in TTWO during the most recent quarter. The investment firm sold 12,452 shares of TTWO which is valued $496,088.
Take-Two Interactive Software closed down -0.14 points or -0.35% at $40.18 with 7,91,699 shares getting traded on Friday. Post opening the session at $40.4, the shares hit an intraday low of $40.05 and an intraday high of $40.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Take-Two Interactive Software reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.25. The company had revenue of $342.50 million for the quarter, compared to analysts expectations of $305.27 million. The company’s revenue was down -19.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.
Many Wall Street Analysts have commented on Take-Two Interactive Software. Shares were Reiterated by Mizuho on May 19, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $41 .
Take-Two Interactive Software Inc. is a developer publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company 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’s PlayStation 3 and PlayStation 4 Microsoft’s Xbox 360 and Xbox One and personal computers including Smartphone’s and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto as well as other franchises including L.A. Noire Max Payne Midnight Club and Red Dead. The Company’s 2K publishes owned and licensed titles across a range of genres including shooter action role-playing strategy sports and family/casual.