Tiger Global Management Reduces $813M in Take-Two Interactive Software, Inc. ($TTWO)
Key Points
- Tiger Global Management changed its Take-Two Interactive Software, Inc. ($TTWO) stake by 65.7% last quarter, cutting to 2,000,000 shares worth $423.50 million.
- Wall Street's consensus rating on $TTWO is Strong Buy and an average price target of $279.11.
- $TTWO last traded around $211.75.
Tiger Global Management reduced its position in Take-Two Interactive Software, Inc. ($TTWO) by 65.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,000,000 shares of Take-Two Interactive Software, Inc. after selling 3,839,256 shares during the quarter. Tiger Global Management's holdings in Take-Two Interactive Software, Inc. were worth $423.50 million as of its most recent filing.
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About Take-Two Interactive Software, Inc.
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises. It also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, Borderlands, and Tiny Tina's Wonderland names. In addition, the company publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; mobile titles, including WWE SuperCard; and PGA TOUR 2K. Further, it offers free-to-play mobile games, such as CSR Racing, Dragon City, Empires & Puzzles, FarmVille 3, Game of Thrones: Legends, Golf Rival, Harry Potter: Puzzles & Spells, Hit It Rich!, Match Factory!, Merge Dragons!, Merge Magic!, Monster Legends, NBA 2K, Toon Blast, Top Eleven, Wizard Of Oz Slots Casino, Toy Blast, Words With Friends, and Zynga Poker; and Color Block Jam. The company's products are designed for console gaming systems; and mobiles, such as smartphones, tablets, and personal computers. It provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.
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