Impala Asset Management Lowers stake in Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (TTWO) : Impala Asset Management reduced its stake in Take-Two Interactive Software by 19.52% during the most recent quarter end. The investment management company now holds a total of 1,145,982 shares of Take-Two Interactive Software which is valued at $47,374,896 after selling 277,875 shares in Take-Two Interactive Software , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Take-Two Interactive Software makes up approximately 3.16% of Impala Asset Management’s portfolio.

Other Hedge Funds, Including , Kavi Asset Management Lp added TTWO to its portfolio by purchasing 147,800 company shares during the most recent quarter which is valued at $6,110,052. Take-Two Interactive Software makes up approx 5.05% of Kavi Asset Management Lp’s portfolio. Sg Americas Securities sold out all of its stake in TTWO during the most recent quarter. The investment firm sold 3,535 shares of TTWO which is valued $144,193. Mitsubishi Ufj Kokusai Asset Management Ltd. added TTWO to its portfolio by purchasing 20,700 company shares during the most recent quarter which is valued at $844,353. Take-Two Interactive Software makes up approx 0.02% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Simplex Trading sold out all of its stake in TTWO during the most recent quarter. The investment firm sold 61 shares of TTWO which is valued $2,472.

Take-Two Interactive Software opened for trading at $42.44 and hit $44.5 on the upside on Monday, eventually ending the session at $44.17, with a gain of 4.57% or 1.93 points. The heightened volatility saw the trading volume jump to 36,26,362 shares. Company has a market cap of $3,799 M.

On the company’s financial health, Take-Two Interactive Software reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.30. The company had revenue of $272.60 million for the quarter, compared to analysts expectations of $258.96 million. The company’s revenue was down -25.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Take-Two Interactive Software. Company shares were Reiterated by Stifel on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $41 .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.

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