First Bank & Trust lifted its stake in Electronic Arts Inc. (NASDAQ:EA) by 8.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,095 shares of the game software company’s stock after buying an additional 549 shares during the period. First Bank & Trust’s holdings in Electronic Arts were worth $721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EA. Bank of New York Mellon Corp increased its holdings in Electronic Arts by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,892 shares of the game software company’s stock valued at $489,417,000 after purchasing an additional 145,570 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Electronic Arts by 16.6% in the 3rd quarter. First Republic Investment Management Inc. now owns 23,554 shares of the game software company’s stock valued at $2,838,000 after buying an additional 3,354 shares during the period. LPL Financial LLC increased its stake in shares of Electronic Arts by 17.1% in the 3rd quarter. LPL Financial LLC now owns 19,018 shares of the game software company’s stock valued at $2,291,000 after buying an additional 2,778 shares during the period. Man Group plc increased its stake in shares of Electronic Arts by 37.9% in the 3rd quarter. Man Group plc now owns 149,611 shares of the game software company’s stock valued at $18,026,000 after buying an additional 41,153 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Electronic Arts by 27.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 16,464 shares of the game software company’s stock valued at $1,984,000 after buying an additional 3,580 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

EA has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $109.00 price target on shares of Electronic Arts in a research report on Thursday, February 14th. BidaskClub upgraded Electronic Arts from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Jefferies Financial Group lowered Electronic Arts from a “buy” rating to a “hold” rating and reduced their price target for the stock from $139.00 to $95.00 in a research report on Thursday, January 17th. BMO Capital Markets raised their price target on Electronic Arts from $96.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. Finally, Wedbush restated a “buy” rating and issued a $111.00 price target (down from $133.00) on shares of Electronic Arts in a research report on Wednesday, January 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $112.04.

In other news, insider Chris Bruzzo sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $103.00, for a total value of $309,000.00. Following the sale, the insider now directly owns 35,271 shares in the company, valued at $3,632,913. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $91.77, for a total value of $825,930.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,500 shares of company stock worth $8,266,003. Corporate insiders own 2.24% of the company’s stock.

EA stock traded down $2.92 during midday trading on Monday, hitting $98.91. 76,924 shares of the company’s stock were exchanged, compared to its average volume of 4,152,945. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19. The firm has a market cap of $30.51 billion, a PE ratio of 28.67, a P/E/G ratio of 1.73 and a beta of 1.19. Electronic Arts Inc. has a one year low of $73.91 and a one year high of $151.26.

Electronic Arts (NASDAQ:EA) last posted its earnings results on Tuesday, February 5th. The game software company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.75 billion. Electronic Arts had a return on equity of 23.21% and a net margin of 26.77%. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.60) earnings per share. On average, analysts forecast that Electronic Arts Inc. will post 3.14 earnings per share for the current year.

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About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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