Sensato Investors LLC lowered its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 79.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,437 shares of the game software company’s stock after selling 129,363 shares during the quarter. Sensato Investors LLC’s holdings in Electronic Arts were worth $3,618,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EA. Twin Capital Management Inc. boosted its position in Electronic Arts by 16.9% in the third quarter. Twin Capital Management Inc. now owns 87,560 shares of the game software company’s stock worth $10,337,000 after purchasing an additional 12,640 shares during the last quarter. Pinebridge Investments L.P. boosted its position in Electronic Arts by 50.6% in the third quarter. Pinebridge Investments L.P. now owns 4,302 shares of the game software company’s stock worth $508,000 after purchasing an additional 1,446 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Electronic Arts by 368.4% in the fourth quarter. State of Alaska Department of Revenue now owns 40,509 shares of the game software company’s stock worth $4,253,000 after purchasing an additional 31,860 shares during the last quarter. HAP Trading LLC purchased a new position in Electronic Arts in the third quarter worth $1,821,000. Finally, AMP Capital Investors Ltd boosted its position in Electronic Arts by 7.8% in the third quarter. AMP Capital Investors Ltd now owns 201,750 shares of the game software company’s stock worth $23,820,000 after purchasing an additional 14,519 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.
In other Electronic Arts news, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $107.50, for a total value of $107,500.00. Following the completion of the sale, the senior vice president now owns 18,950 shares in the company, valued at approximately $2,037,125. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Blake J. Jorgensen sold 10,500 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $125.97, for a total value of $1,322,685.00. Following the completion of the sale, the chief financial officer now owns 141,514 shares of the company’s stock, valued at approximately $17,826,518.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,279 shares of company stock worth $9,809,588. 2.55% of the stock is owned by corporate insiders.
Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, January 30th. The game software company reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.02 billion. Electronic Arts had a return on equity of 25.42% and a net margin of 19.67%. sell-side analysts anticipate that Electronic Arts Inc. will post 3.66 earnings per share for the current fiscal year.
EA has been the topic of a number of recent research reports. Vetr cut Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a research report on Monday, December 18th. Goldman Sachs Group cut Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. KeyCorp reaffirmed a “buy” rating and set a $134.00 price target on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 price target on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Electronic Arts in a research report on Friday, November 17th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $132.81.
COPYRIGHT VIOLATION NOTICE: This article was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/03/14/sensato-investors-llc-sells-129363-shares-of-electronic-arts-inc-ea.html.
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.
Receive News & Ratings for Electronic Arts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts and related companies with MarketBeat.com's FREE daily email newsletter.