120,102 Shares in Electronic Arts Inc. (EA) Purchased by Perpetual Ltd

Perpetual Ltd acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 120,102 shares of the game software company’s stock, valued at approximately $12,206,000. Electronic Arts makes up 1.8% of Perpetual Ltd’s investment portfolio, making the stock its 20th biggest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA grew its holdings in Electronic Arts by 20.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after buying an additional 1,952,780 shares during the period. Brown Advisory Inc. grew its holdings in Electronic Arts by 15.4% in the 4th quarter. Brown Advisory Inc. now owns 4,230,653 shares of the game software company’s stock valued at $333,840,000 after buying an additional 564,592 shares during the period. Geode Capital Management LLC grew its holdings in Electronic Arts by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock valued at $284,619,000 after buying an additional 164,030 shares during the period. Northern Trust Corp grew its holdings in Electronic Arts by 7.7% in the 4th quarter. Northern Trust Corp now owns 3,588,533 shares of the game software company’s stock valued at $283,172,000 after buying an additional 256,711 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in Electronic Arts by 39.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,577,578 shares of the game software company’s stock valued at $282,307,000 after buying an additional 1,016,222 shares during the period. Hedge funds and other institutional investors own 92.86% of the company’s stock.

Electronic Arts stock opened at $91.54 on Tuesday. The company has a market cap of $28.13 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.54 and a beta of 1.12. The company has a current ratio of 2.82, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $151.26.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, May 7th. The game software company reported $1.21 EPS for the quarter, topping the consensus estimate of $0.78 by $0.43. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.20 billion. Electronic Arts had a return on equity of 22.62% and a net margin of 20.59%. Electronic Arts’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 EPS. Sell-side analysts expect that Electronic Arts Inc. will post 3.67 EPS for the current year.

In other Electronic Arts news, General Counsel Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $102.38, for a total transaction of $102,380.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $103.00, for a total value of $2,987,000.00. Following the sale, the chief executive officer now owns 20,000 shares in the company, valued at $2,060,000. The disclosure for this sale can be found here. Insiders have sold a total of 59,500 shares of company stock worth $5,956,440 over the last 90 days. 2.24% of the stock is owned by company insiders.

EA has been the topic of several research analyst reports. Bank of America raised Electronic Arts from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $95.00 to $110.00 in a research note on Monday, February 11th. Buckingham Research lowered Electronic Arts from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $90.00 to $103.00 in a research note on Monday, February 11th. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and reduced their price objective for the company from $139.00 to $95.00 in a research note on Thursday, January 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Electronic Arts in a research note on Thursday, February 7th. Finally, Wedbush reaffirmed a “buy” rating and issued a $111.00 price objective (down from $133.00) on shares of Electronic Arts in a research note on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $111.32.

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Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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