Public Employees Retirement System of Ohio Buys New Holdings in Electronic Arts Inc. $EA

Public Employees Retirement System of Ohio purchased a new position in Electronic Arts Inc. (NASDAQ:EA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 103,714 shares of the game software company’s stock, valued at approximately $21,266,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp purchased a new position in shares of Electronic Arts in the second quarter worth $25,000. Ascentis Independent Advisors purchased a new stake in Electronic Arts in the 1st quarter worth $27,000. Torren Management LLC boosted its holdings in shares of Electronic Arts by 235.0% during the 2nd quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. MV Capital Management Inc. purchased a new position in shares of Electronic Arts during the fourth quarter valued at about $28,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Electronic Arts in the second quarter worth about $31,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Electronic Arts Stock Performance

NASDAQ:EA opened at $209.70 on Friday. The firm has a market capitalization of $52.93 billion, a PE ratio of 49.23 and a beta of 0.64. The stock’s fifty day moving average is $207.97 and its 200 day moving average is $203.90. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.21.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 EPS for the quarter. Electronic Arts had a net margin of 13.80% and a return on equity of 22.45%. The company had revenue of $1.99 billion during the quarter.

Insider Buying and Selling

In related news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.12, for a total transaction of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares of the company’s stock, valued at approximately $16,447,438.88. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, valued at $14,930,490.30. The trade was a 3.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,700 shares of company stock valued at $1,766,950. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EA shares. Citigroup raised their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Argus cut shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $206.50.

Electronic Arts Company Profile

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.