Electronic Arts Inc. (EA) Holdings Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC reduced its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 56.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,882 shares of the game software company’s stock after selling 10,320 shares during the quarter. Sentry Investment Management LLC’s holdings in Electronic Arts were worth $833,000 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 EA. BlackRock Inc. grew its position in Electronic Arts by 3,420.8% during the first quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock worth $1,858,837,000 after buying an additional 20,174,721 shares during the period. Winslow Capital Management LLC grew its position in Electronic Arts by 1,869,551.3% during the first quarter. Winslow Capital Management LLC now owns 2,879,263 shares of the game software company’s stock worth $257,751,000 after buying an additional 2,879,109 shares during the period. Renaissance Technologies LLC grew its position in Electronic Arts by 928.4% during the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after buying an additional 2,334,600 shares during the period. AQR Capital Management LLC grew its position in Electronic Arts by 174.5% during the first quarter. AQR Capital Management LLC now owns 2,180,565 shares of the game software company’s stock worth $195,204,000 after buying an additional 1,386,296 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Electronic Arts by 145.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock worth $127,793,000 after buying an additional 715,862 shares during the period. Institutional investors own 93.81% of the company’s stock.

In other Electronic Arts news, EVP Joel Linzner sold 4,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $116.96, for a total value of $467,840.00. Following the completion of the sale, the executive vice president now directly owns 18,089 shares in the company, valued at $2,115,689.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence F. Probst III sold 68,072 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total transaction of $8,088,995.76. Following the completion of the sale, the director now owns 176,348 shares of the company’s stock, valued at $20,955,432.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,096 shares of company stock valued at $23,460,336. 2.55% of the stock is currently owned by corporate insiders.

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Electronic Arts Inc. (EA) opened at 113.62 on Friday. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79. The stock has a market cap of $35.08 billion, a P/E ratio of 30.42 and a beta of 0.69. The company’s 50 day moving average is $117.80 and its 200 day moving average is $110.37.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.14 by $0.22. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $768.47 million. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. Equities analysts predict that Electronic Arts Inc. will post $4.25 earnings per share for the current year.

Several brokerages have issued reports on EA. Jefferies Group LLC reaffirmed a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a report on Thursday, August 31st. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Benchmark Co. upped their price target on shares of Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Buckingham Research began coverage on shares of Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $127.00 price target on shares of Electronic Arts in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Electronic Arts has a consensus rating of “Buy” and an average price target of $121.31.

Electronic Arts Profile

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.

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

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