First Mercantile Trust Co Lowers stake in Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (TTWO) : First Mercantile Trust Co reduced its stake in Take-Two Interactive Software by 28.24% during the most recent quarter end. The investment management company now holds a total of 18,300 shares of Take-Two Interactive Software which is valued at $817,827 after selling 7,200 shares in Take-Two Interactive Software , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Take-Two Interactive Software makes up approximately 0.11% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading added TTWO to its portfolio by purchasing 2,377 company shares during the most recent quarter which is valued at $106,228. Take-Two Interactive Software makes up approx 0.01% of Simplex Trading’s portfolio.Independent Portfolio Consultants reduced its stake in TTWO by selling 580 shares or 24.89% in the most recent quarter. The Hedge Fund company now holds 1,750 shares of TTWO which is valued at $79,818. Take-Two Interactive Software makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in TTWO by selling 52,008 shares or 77.17% in the most recent quarter. The Hedge Fund company now holds 15,390 shares of TTWO which is valued at $701,938. Washington Trust Bank added TTWO to its portfolio by purchasing 59 company shares during the most recent quarter which is valued at $2,691.Harbour Capital Advisors boosted its stake in TTWO in the latest quarter, The investment management firm added 4,900 additional shares and now holds a total of 24,675 shares of Take-Two Interactive Software which is valued at $1,125,427. Take-Two Interactive Software makes up approx 0.61% of Harbour Capital Advisors’s portfolio.

Take-Two Interactive Software closed down -0.8 points or -1.76% at $44.69 with 14,99,797 shares getting traded on Friday. Post opening the session at $46.49, the shares hit an intraday low of $44.5 and an intraday high of $46.49 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 $-0.21 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 .

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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