Crossmark Global Holdings Inc. boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 3.5% during the 4th quarter, Holdings Channel reports. The firm owned 20,397 shares of the game software company’s stock after buying an additional 693 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Electronic Arts were worth $2,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Electronic Arts during the 4th quarter worth about $129,000. First Bank & Trust acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $134,000. Exane Derivatives acquired a new position in shares of Electronic Arts in the 4th quarter worth approximately $142,000. Bessemer Group Inc. grew its stake in shares of Electronic Arts by 144.5% in the 3rd quarter. Bessemer Group Inc. now owns 1,325 shares of the game software company’s stock worth $157,000 after purchasing an additional 783 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Electronic Arts in the 3rd quarter worth approximately $183,000. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lifted their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Buckingham Research lifted their price objective on shares of Electronic Arts from $143.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. BMO Capital Markets lifted their price objective on shares of Electronic Arts to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price objective on shares of Electronic Arts from $120.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Electronic Arts in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $130.34.

In other news, EVP Chris Bruzzo sold 1,500 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the completion of the sale, the executive vice president now directly owns 36,762 shares in the company, valued at $4,716,932.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $118.90, for a total transaction of $1,248,450.00. Following the completion of the sale, the chief financial officer now owns 148,971 shares of the company’s stock, valued at $17,712,651.90. The disclosure for this sale can be found here. Insiders sold 67,158 shares of company stock valued at $7,546,309 over the last quarter. Corporate insiders own 2.55% of the company’s stock.

Shares of Electronic Arts Inc. (EA) opened at $120.64 on Monday. 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 stock has a market cap of $37,003.66, a P/E ratio of 37.70, a price-to-earnings-growth ratio of 2.19 and a beta of 0.73. Electronic Arts Inc. has a one year low of $84.13 and a one year high of $131.01.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. equities research analysts predict 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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