Light Street Capital Management buys $36,029,750 stake in Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (TTWO) : Light Street Capital Management scooped up 375,000 additional shares in Take-Two Interactive Software during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 775,000 shares of Take-Two Interactive Software which is valued at $36,029,750.Take-Two Interactive Software makes up approximately 5.52% of Light Street Capital Management’s portfolio.

Other Hedge Funds, Including , Hbk Investments L P reduced its stake in TTWO by selling 59,444 shares or 24.52% in the most recent quarter. The Hedge Fund company now holds 182,956 shares of TTWO which is valued at $8,505,624. Take-Two Interactive Software makes up approx 0.19% of Hbk Investments L P’s portfolio.Harbour Capital Advisors reduced its stake in TTWO by selling 2,335 shares or 9.46% in the most recent quarter. The Hedge Fund company now holds 22,340 shares of TTWO which is valued at $1,048,640. Take-Two Interactive Software makes up approx 0.66% of Harbour Capital Advisors’s portfolio.Artisan Partners Limited Partnership reduced its stake in TTWO by selling 12,556 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 802,365 shares of TTWO which is valued at $37,663,013. Take-Two Interactive Software makes up approx 0.08% of Artisan Partners Limited Partnership’s portfolio.Wealthsource Partners reduced its stake in TTWO by selling 75 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 7,920 shares of TTWO which is valued at $354,816. Take-Two Interactive Software makes up approx 0.13% of Wealthsource Partners’s portfolio.

Take-Two Interactive Software closed down -0.99 points or -2.04% at $47.64 with 16,90,005 shares getting traded on Monday. Post opening the session at $48.66, the shares hit an intraday low of $47.33 and an intraday high of $49.21 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Take-Two Interactive Software reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.30. The company had revenue of $420.17 million for the quarter, compared to analysts expectations of $402.47 million. The company’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

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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