Electronic Arts Inc. (EA) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. grew its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 669,719 shares of the game software company’s stock after purchasing an additional 80,737 shares during the quarter. Eagle Asset Management Inc. owned 0.22% of Electronic Arts worth $72,050,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of EA. Chartwell Investment Partners LLC acquired a new position in shares of Electronic Arts in the 4th quarter worth $2,129,000. Advisory Services Network LLC grew its holdings in shares of Electronic Arts by 33.1% in the 4th quarter. Advisory Services Network LLC now owns 5,595 shares of the game software company’s stock worth $588,000 after acquiring an additional 1,392 shares during the last quarter. Global X Management Co. LLC grew its holdings in shares of Electronic Arts by 26.4% in the 4th quarter. Global X Management Co. LLC now owns 3,770 shares of the game software company’s stock worth $396,000 after acquiring an additional 788 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Electronic Arts by 12.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 759,545 shares of the game software company’s stock worth $79,798,000 after acquiring an additional 86,012 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Electronic Arts by 24.4% in the 4th quarter. First Trust Advisors LP now owns 333,724 shares of the game software company’s stock worth $35,061,000 after acquiring an additional 65,358 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

In related news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the transaction, the senior vice president now directly owns 19,950 shares in the company, valued at $2,160,186. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chris Bruzzo sold 1,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $105.80, for a total value of $158,700.00. Following the transaction, the executive vice president now owns 38,562 shares in the company, valued at $4,079,859.60. The disclosure for this sale can be found here. Insiders have sold 67,158 shares of company stock worth $7,546,309 over the last 90 days. Corporate insiders own 2.55% of the company’s stock.

A number of brokerages have recently weighed in on EA. Morgan Stanley lifted their price target on Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a report on Wednesday, January 31st. Vetr upgraded Electronic Arts from a “strong sell” rating to a “sell” rating and set a $117.32 price target on the stock in a report on Thursday, February 1st. Jefferies Group reiterated a “buy” rating and set a $150.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $145.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Finally, Wedbush reiterated a “buy” rating and set a $138.00 price target on shares of Electronic Arts in a report on Wednesday, January 31st. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and a consensus target price of $130.34.

Shares of Electronic Arts Inc. (EA) opened at $126.48 on Friday. Electronic Arts Inc. has a 12-month low of $85.23 and a 12-month high of $131.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market capitalization of $37,963.72, a PE ratio of 39.53, a price-to-earnings-growth ratio of 2.25 and a beta of 0.73.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. sell-side analysts expect that Electronic Arts Inc. will post 3.66 EPS for the current fiscal year.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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