Shannon River Fund Management buys $35,345,700 stake in Take-Two Interactive Software (TTWO)

Take-Two Interactive Software (TTWO) : Shannon River Fund Management scooped up 5,000 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 Aug 15, 2016. The investment management firm now holds a total of 855,000 shares of Take-Two Interactive Software which is valued at $35,345,700.Take-Two Interactive Software makes up approximately 7.99% of Shannon River Fund Management’s portfolio.

Other Hedge Funds, Including , Folger Hill Asset Management Lp reduced its stake in TTWO by selling 105,555 shares or 91.79% in the most recent quarter. The Hedge Fund company now holds 9,445 shares of TTWO which is valued at $390,456. Take-Two Interactive Software makes up approx 0.04% of Folger Hill Asset Management Lp’s portfolio.Jefferies Group boosted its stake in TTWO in the latest quarter, The investment management firm added 4,612 additional shares and now holds a total of 12,886 shares of Take-Two Interactive Software which is valued at $532,707. Take-Two Interactive Software makes up approx 0.02% of Jefferies Group’s portfolio.Picton Mahoney Asset Management boosted its stake in TTWO in the latest quarter, The investment management firm added 70,900 additional shares and now holds a total of 431,810 shares of Take-Two Interactive Software which is valued at $17,851,025. Take-Two Interactive Software makes up approx 1.20% of Picton Mahoney Asset Management’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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