Copper Rock Capital Partners LLC Has $8.96 Million Position in Electronic Arts Inc. (NASDAQ:EA)

Copper Rock Capital Partners LLC lessened its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,084 shares of the game software company’s stock after selling 18,183 shares during the period. Copper Rock Capital Partners LLC’s holdings in Electronic Arts were worth $8,960,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EA. Veritable L.P. boosted its position in Electronic Arts by 1.5% during the second quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares during the period. Eaton Vance Management boosted its position in Electronic Arts by 0.6% during the second quarter. Eaton Vance Management now owns 55,013 shares of the game software company’s stock worth $5,816,000 after purchasing an additional 345 shares during the period. Thrivent Financial For Lutherans boosted its position in Electronic Arts by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock worth $1,236,000 after purchasing an additional 390 shares during the period. Independent Advisor Alliance boosted its position in Electronic Arts by 11.0% during the third quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock worth $542,000 after purchasing an additional 452 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in Electronic Arts by 1.5% during the third quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock worth $3,892,000 after purchasing an additional 478 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now owns 19,950 shares in the company, valued at approximately $2,160,186. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the sale, the chief financial officer now owns 169,614 shares in the company, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,958 shares of company stock worth $6,044,744. 2.55% of the stock is owned by insiders.

EA has been the subject of a number of analyst reports. Robert W. Baird raised their price objective on shares of Electronic Arts from $130.00 to $148.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC raised their price objective on shares of Electronic Arts from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Electronic Arts from $120.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday. Piper Jaffray Companies restated a “buy” rating and issued a $145.00 price objective on shares of Electronic Arts in a research report on Wednesday. Finally, Wedbush restated a “buy” rating and issued a $138.00 price objective on shares of Electronic Arts in a research report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-four have given a buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and a consensus target price of $127.21.

Electronic Arts Inc. (NASDAQ EA) traded up $8.26 during mid-day trading on Wednesday, hitting $126.96. 14,618,498 shares of the company’s stock traded hands, compared to its average volume of 3,780,000. The stock has a market capitalization of $39,200.00, a P/E ratio of 33.50, a PEG ratio of 1.94 and a beta of 0.61. Electronic Arts Inc. has a 52-week low of $80.40 and a 52-week high of $131.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Tuesday, October 31st. The game software company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. Electronic Arts had a net margin of 23.35% and a return on equity of 28.92%. equities analysts forecast that Electronic Arts Inc. will post 3.67 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.

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

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