Artemis Investment Management LLP reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 54.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 138,974 shares of the game software company’s stock after selling 168,861 shares during the period. Artemis Investment Management LLP’s holdings in Electronic Arts were worth $16,746,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. State Treasurer State of Michigan grew its stake in shares of Electronic Arts by 0.6% during the 2nd quarter. State Treasurer State of Michigan now owns 90,806 shares of the game software company’s stock worth $12,805,000 after acquiring an additional 500 shares in the last quarter. Vision Capital Management Inc. grew its stake in shares of Electronic Arts by 22.3% during the 3rd quarter. Vision Capital Management Inc. now owns 31,955 shares of the game software company’s stock worth $3,850,000 after acquiring an additional 5,825 shares in the last quarter. Allen Investment Management LLC grew its stake in shares of Electronic Arts by 67.6% during the 3rd quarter. Allen Investment Management LLC now owns 18,417 shares of the game software company’s stock worth $2,219,000 after acquiring an additional 7,427 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Electronic Arts by 333.2% during the 2nd quarter. First Trust Advisors LP now owns 243,908 shares of the game software company’s stock worth $34,396,000 after acquiring an additional 187,609 shares in the last quarter. Finally, Private Harbour Investment Management & Counsel LLC grew its stake in shares of Electronic Arts by 52.4% during the 3rd quarter. Private Harbour Investment Management & Counsel LLC now owns 19,923 shares of the game software company’s stock worth $2,401,000 after acquiring an additional 6,851 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

NASDAQ:EA opened at $83.02 on Wednesday. Electronic Arts Inc. has a 1-year low of $80.42 and a 1-year high of $151.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.52 and a quick ratio of 3.52. The firm has a market capitalization of $25.97 billion, a P/E ratio of 24.13, a PEG ratio of 1.48 and a beta of 0.96.

Electronic Arts (NASDAQ:EA) last released its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.46. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Electronic Arts Inc. will post 3.87 EPS for the current year.

In other Electronic Arts news, CEO Andrew Wilson sold 29,000 shares of Electronic Arts stock in a transaction on Monday, October 1st. The shares were sold at an average price of $117.56, for a total transaction of $3,409,240.00. Following the completion of the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at $2,351,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris Bruzzo sold 1,500 shares of Electronic Arts stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $113.10, for a total transaction of $169,650.00. Following the transaction, the insider now directly owns 56,776 shares of the company’s stock, valued at $6,421,365.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,750 shares of company stock valued at $12,072,643. Company insiders own 2.24% of the company’s stock.

Several equities analysts have recently weighed in on EA shares. Wedbush set a $158.00 price target on shares of Electronic Arts and gave the stock a “buy” rating in a research note on Friday, August 31st. Benchmark decreased their price target on shares of Electronic Arts from $164.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, August 31st. SunTrust Banks decreased their price target on shares of Electronic Arts to $140.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Needham & Company LLC decreased their price target on shares of Electronic Arts from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Finally, BidaskClub cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $134.68.

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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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