Public Employees Retirement System of Ohio Invests $21.27 Million in Electronic Arts Inc. $EA

Public Employees Retirement System of Ohio bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the second quarter, Holdings Channel.com reports. The fund bought 103,714 shares of the game software company’s stock, valued at approximately $21,266,000.

A number of other hedge funds have also recently made changes to their positions in EA. BlackRock Inc. bought a new stake in Electronic Arts during the 2nd quarter valued at about $5,125,838,000. Public Investment Fund bought a new position in Electronic Arts in the 2nd quarter worth about $5,086,618,377. Pentwater Capital Management LP bought a new position in Electronic Arts in the 2nd quarter worth about $2,762,914,000. Geode Capital Management LLC increased its position in shares of Electronic Arts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 6,764,572 shares of the game software company’s stock worth $1,382,030,000 after acquiring an additional 143,195 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Electronic Arts by 4.9% during the third quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after acquiring an additional 202,657 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Performance

Shares of EA stock opened at $209.70 on Friday. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 49.23 and a beta of 0.64. Electronic Arts Inc. has a 52-week low of $159.10 and a 52-week high of $210.20. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $207.97 and its 200 day moving average is $203.90.

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

Insider Activity at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the 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 completion of the sale, the insider directly owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vijayanthimala Singh sold 1,200 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $203.00, for a total transaction of $243,600.00. Following the completion of the sale, the insider owned 26,360 shares in the company, valued at $5,351,080. This represents a 4.35% 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. Insiders have sold a total of 8,700 shares of company stock valued at $1,766,950 over the last quarter. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research lowered Electronic Arts from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Citigroup lifted their target price on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Argus cut Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One investment 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, the stock presently has an average rating of “Reduce” and a consensus target price 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.