Everhart Financial Group Inc. Raises Stock Holdings in Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Everhart Financial Group Inc. raised its position in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 15.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,372 shares of the company’s stock after acquiring an additional 313 shares during the period. Everhart Financial Group Inc.’s holdings in Take-Two Interactive Software were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Park Square Financial Group LLC purchased a new stake in shares of Take-Two Interactive Software during the 4th quarter worth approximately $28,000. Assetmark Inc. raised its holdings in shares of Take-Two Interactive Software by 155.9% during the 4th quarter. Assetmark Inc. now owns 174 shares of the company’s stock worth $32,000 after acquiring an additional 106 shares in the last quarter. Itau Unibanco Holding S.A. raised its holdings in shares of Take-Two Interactive Software by 41.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 246 shares of the company’s stock worth $45,000 after acquiring an additional 72 shares in the last quarter. Global Financial Private Client LLC raised its holdings in shares of Take-Two Interactive Software by 50.0% during the 1st quarter. Global Financial Private Client LLC now owns 237 shares of the company’s stock worth $49,000 after acquiring an additional 79 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 24.2% during the 4th quarter. First Horizon Advisors Inc. now owns 277 shares of the company’s stock worth $51,000 after acquiring an additional 54 shares in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Daniel P. Emerson sold 27,056 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total transaction of $6,093,552.32. Following the transaction, the insider now owns 152,271 shares of the company’s stock, valued at approximately $34,294,474.62. This represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karl Slatoff sold 216,661 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $225.75, for a total value of $48,911,220.75. Following the transaction, the president now directly owns 1,206,427 shares in the company, valued at $272,350,895.25. The trade was a 15.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 460,378 shares of company stock worth $103,915,994 over the last quarter. Company insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Stock Performance

TTWO stock opened at $230.23 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $223.78 and its two-hundred day simple moving average is $205.63. Take-Two Interactive Software, Inc. has a twelve month low of $135.24 and a twelve month high of $240.78. The firm has a market cap of $40.85 billion, a price-to-earnings ratio of -10.79, a PEG ratio of 6.83 and a beta of 1.03.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TTWO. Ascendiant Capital Markets upped their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Wall Street Zen lowered Take-Two Interactive Software from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. UBS Group increased their price target on Take-Two Interactive Software from $230.00 to $275.00 and gave the company a “buy” rating in a report on Friday, May 16th. Benchmark increased their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price target on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $228.10.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It 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.