December 1, 2016 - By Ruchi Gupta · 0 Comments
Take Two Interactive Software Inc (NASDAQ:TTWO) institutional sentiment decreased to 0.98 in Q2 2016. Its down -0.05, from 1.03 in 2016Q1. The ratio has dropped, as 121 hedge funds increased or started new equity positions, while 118 decreased and sold stakes in Take Two Interactive Software Inc. The hedge funds in our partner’s database reported: 98.88 million shares, up from 97.17 million shares in 2016Q1. Also, the number of hedge funds holding Take Two Interactive Software Inc in their top 10 equity positions decreased from 10 to 8 for a decrease of 2. Sold All: 33 Reduced: 85 Increased: 73 New Position: 48.
Take-Two Interactive Software, Inc. is a developer, publisher and marketer of entertainment for clients around the world. The company has a market cap of $4.40 billion. The Firm develops and publishes products through its labels, Rockstar Games and 2K. It currently has negative earnings. It operates through publishing segment.
The stock decreased 1.72% or $0.86 during the last trading session, hitting $49.23. Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has risen 43.36% since April 28, 2016 and is uptrending. It has outperformed by 37.44% the S&P500.
Analysts await Take-Two Interactive Software, Inc. (NASDAQ:TTWO) to report earnings on February, 1. They expect $0.23 earnings per share, down 68.92% or $0.51 from last year’s $0.74 per share. TTWO’s profit will be $20.56 million for 53.51 P/E if the $0.23 EPS becomes a reality. After $0.35 actual earnings per share reported by Take-Two Interactive Software, Inc. for the previous quarter, Wall Street now forecasts -34.29% negative EPS growth.
According to Zacks Investment Research, “Take-Two Interactive Software, Inc. is a leading worldwide developer, publisher and distributor of interactive software games. The company’s software operates on multimedia personal computers and video game console platforms. They are one of the largest distributors of interactive software games in the United States and one of the top publishers of interactive software games in Europe.”
Shannon River Fund Management Llc holds 8.11% of its portfolio in Take-Two Interactive Software, Inc. for 855,000 shares. Act Ii Management Lp owns 221,200 shares or 6.66% of their US portfolio. Moreover, Ao Asset Management Llc has 4.88% invested in the company for 491,300 shares. The New York-based Lomas Capital Management Llc has invested 4.25% in the stock. Impala Asset Management Llc, a Connecticut-based fund reported 1.15 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 selling transactions for $8.03 million net activity.
Ratings analysis reveals 91% of Take-Two Interactive Software’s analysts are positive. Out of 11 Wall Street analysts rating Take-Two Interactive Software, 10 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $29.50 while the high is $54. The stock’s average target of $40.82 is -17.08% below today’s ($49.23) share price. TTWO was included in 24 notes of analysts from July 28, 2015. M Partners maintained Take-Two Interactive Software, Inc. (NASDAQ:TTWO) rating on Thursday, February 4. M Partners has “Buy” rating and $42 price target. The rating was maintained by Jefferies with “Buy” on Tuesday, August 9. On Friday, November 6 the stock rating was maintained by Mizuho with “Buy”. The company was maintained on Tuesday, August 11 by Brean Capital. The firm has “Buy” rating given on Thursday, September 3 by BTIG Research. The company was maintained on Thursday, February 4 by Wedbush. The firm has “Overweight” rating given on Tuesday, August 11 by Piper Jaffray. The firm earned “Outperform” rating on Wednesday, April 27 by BMO Capital Markets.
Take-Two Interactive Software, Inc., incorporated on October 30, 1993, is a developer, publisher and marketer of entertainment for clients around the world. The Firm develops and publishes products through its two labels, Rockstar Games and 2K. It operates through publishing segment. The Firm 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 Computer Entertainment, Inc.’s PlayStation 3 and PlayStation 4, Microsoft Corporation’s Xbox 360 and Xbox One, and personal computers, including smartphones and tablets. It delivers its products through physical retail, digital download, online platforms and cloud streaming services.
Another recent and important Take-Two Interactive Software, Inc. (NASDAQ:TTWO) news was published by Businesswire.com which published an article titled: “Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Second …” on November 02, 2016.
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By Ruchi Gupta