Engineers Gate Manager LP Has $12.59 Million Stake in Electronic Arts Inc. $EA

Engineers Gate Manager LP grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,417 shares of the game software company’s stock after buying an additional 6,429 shares during the period. Engineers Gate Manager LP’s holdings in Electronic Arts were worth $12,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nykredit A S bought a new position in Electronic Arts during the 2nd quarter worth approximately $14,230,000. Amundi raised its holdings in Electronic Arts by 39.0% in the second quarter. Amundi now owns 1,934,012 shares of the game software company’s stock worth $396,550,000 after purchasing an additional 542,861 shares during the period. California State Teachers Retirement System boosted its position in shares of Electronic Arts by 19,439.0% during the second quarter. California State Teachers Retirement System now owns 74,736,875 shares of the game software company’s stock worth $15,324,049,000 after purchasing an additional 74,354,374 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Electronic Arts by 24.0% during the second quarter. Wedmont Private Capital now owns 3,671 shares of the game software company’s stock worth $758,000 after purchasing an additional 711 shares in the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Electronic Arts by 1.9% in the 2nd quarter. HB Wealth Management LLC now owns 7,134 shares of the game software company’s stock valued at $1,463,000 after buying an additional 134 shares during the period. 90.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the transaction, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $203.10, for a total value of $507,750.00. Following the transaction, the insider directly owned 73,513 shares in the company, valued at $14,930,490.30. This trade represents a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,700 shares of company stock valued at $1,766,950 in the last three months. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $209.70 on Friday. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. The stock’s 50 day moving average price is $208.88 and its two-hundred day moving average price is $204.49. 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 Inc. has a 52 week low of $159.10 and a 52 week high of $210.20.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Monday, August 3rd. The game software company reported $1.58 earnings per share (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 for the quarter.

Electronic Arts Profile

Electronic Arts Inc (NASDAQ:EA) is a global developer and publisher of interactive entertainment. The company creates and distributes games for consoles, personal computers, mobile devices and online platforms, with business activities spanning full-game sales, downloadable content, subscriptions and live services.

Electronic Arts’ portfolio includes sports franchises such as EA Sports FC, Madden NFL, College Football, NHL and UFC, as well as entertainment and action titles including The Sims, Battlefield, Apex Legends, Need for Speed and Plants vs.