Eastbay Asset Management adds Take-Two Interactive Software (TTWO) to its portfolio

Take-Two Interactive Software (TTWO) : Eastbay Asset Management added new position in Take-Two Interactive Software during the most recent quarter end. The investment management firm now holds 170,380 shares of Take-Two Interactive Software which is valued at $7,043,509 , the company said in a statement filed on Aug 15, 2016 with the SEC.Take-Two Interactive Software makes up approximately 1.63% of Eastbay Asset Management’s portfolio.

Other Hedge Funds, Including , Dynamic Capital Management Ltd added TTWO to its portfolio by purchasing 61,382 company shares during the most recent quarter which is valued at $2,537,532. Take-Two Interactive Software makes up approx 0.29% of Dynamic Capital Management Ltd’s portfolio.Dimensional Fund Advisors Lp reduced its stake in TTWO by selling 359,282 shares or 21.73% in the most recent quarter. The Hedge Fund company now holds 1,294,077 shares of TTWO which is valued at $53,031,275. Take-Two Interactive Software makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio.Eam Investors reduced its stake in TTWO by selling 30,113 shares or 38.04% in the most recent quarter. The Hedge Fund company now holds 49,052 shares of TTWO which is valued at $2,029,281. Take-Two Interactive Software makes up approx 0.29% of Eam Investors’s portfolio.Quantitative Investment Management reduced its stake in TTWO by selling 16,400 shares or 47.4% in the most recent quarter. The Hedge Fund company now holds 18,200 shares of TTWO which is valued at $742,378. Take-Two Interactive Software makes up approx 0.03% of Quantitative Investment Management’s portfolio.Checchi Capital Advisers boosted its stake in TTWO in the latest quarter, The investment management firm added 529 additional shares and now holds a total of 729 shares of Take-Two Interactive Software which is valued at $29,576. Take-Two Interactive Software makes up approx 0.01% of Checchi Capital Advisers’s portfolio.

Take-Two Interactive Software opened for trading at $43.5 and hit $43.84 on the upside on Thursday, eventually ending the session at $43.76, with a gain of 0.67% or 0.29 points. The heightened volatility saw the trading volume jump to 10,68,725 shares. Company has a market cap of $3,764 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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