Everhart Financial Group Inc. Purchases 313 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC grew its position in shares of Take-Two Interactive Software by 1,630,798.7% during the 4th quarter. Wealthfront Advisers LLC now owns 142,459,001 shares of the company’s stock worth $26,223,853,000 after buying an additional 142,450,266 shares in the last quarter. Vanguard Group Inc. boosted its position in Take-Two Interactive Software by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 19,359,463 shares of the company’s stock valued at $3,563,690,000 after purchasing an additional 99,909 shares in the last quarter. Capital International Investors boosted its position in Take-Two Interactive Software by 9.5% during the fourth quarter. Capital International Investors now owns 4,883,746 shares of the company’s stock valued at $899,036,000 after purchasing an additional 424,893 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Take-Two Interactive Software by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 4,770,044 shares of the company’s stock valued at $878,567,000 after purchasing an additional 13,555 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Take-Two Interactive Software by 6.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,527,759 shares of the company’s stock valued at $833,470,000 after purchasing an additional 287,194 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TTWO shares. Ascendiant Capital Markets raised their price objective on Take-Two Interactive Software from $172.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Robert W. Baird raised their price objective on Take-Two Interactive Software from $210.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Raymond James reaffirmed an “outperform” rating and set a $250.00 price objective (up previously from $240.00) on shares of Take-Two Interactive Software in a research report on Friday, May 16th. Benchmark raised their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised their price objective on Take-Two Interactive Software from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.10.

Insider Activity at Take-Two Interactive Software

In related news, insider Daniel P. Emerson sold 27,056 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $225.22, for a total value of $6,093,552.32. Following the sale, the insider now owns 152,271 shares in the company, valued at $34,294,474.62. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Strauss Zelnick sold 216,661 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $225.75, for a total value of $48,911,220.75. Following the completion of the sale, the chief executive officer now owns 1,206,427 shares in the company, valued at approximately $272,350,895.25. This represents 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. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Trading Down 1.8%

Shares of NASDAQ:TTWO 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. Take-Two Interactive Software, Inc. has a 52-week low of $135.24 and a 52-week high of $240.78. The stock 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. The business has a 50-day moving average price of $223.78 and a 200-day moving average price of $205.63.

About Take-Two Interactive Software

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.