Crystal Rock Capital Management increased its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.7% during the 1st quarter, Holdings Channel reports. The firm owned 31,510 shares of the game software company’s stock after buying an additional 2,260 shares during the period. Electronic Arts makes up approximately 2.4% of Crystal Rock Capital Management’s investment portfolio, making the stock its 20th biggest position. Crystal Rock Capital Management’s holdings in Electronic Arts were worth $3,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rational Advisors LLC boosted its position in Electronic Arts by 785.9% during the 1st quarter. Rational Advisors LLC now owns 54,028 shares of the game software company’s stock valued at $5,491,000 after acquiring an additional 47,929 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its position in Electronic Arts by 1.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 26,402 shares of the game software company’s stock valued at $2,683,000 after acquiring an additional 459 shares in the last quarter. Berman Capital Advisors LLC boosted its position in Electronic Arts by 70.6% during the 1st quarter. Berman Capital Advisors LLC now owns 343 shares of the game software company’s stock valued at $34,000 after acquiring an additional 142 shares in the last quarter. NS Partners Ltd boosted its position in Electronic Arts by 0.4% during the 1st quarter. NS Partners Ltd now owns 57,587 shares of the game software company’s stock valued at $5,853,000 after acquiring an additional 236 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in Electronic Arts by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 543 shares of the game software company’s stock valued at $55,000 after acquiring an additional 181 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.

EA has been the topic of a number of analyst reports. BidaskClub cut Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. Needham & Company LLC boosted their price target on Electronic Arts to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Credit Suisse Group boosted their price target on Electronic Arts from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. SunTrust Banks set a $107.00 price target on Electronic Arts and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, UBS Group boosted their price target on Electronic Arts from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the company. Electronic Arts presently has a consensus rating of “Buy” and an average target price of $111.32.

Shares of NASDAQ EA opened at $93.84 on Thursday. Electronic Arts Inc. has a twelve month low of $73.91 and a twelve month high of $151.26. The company has a market capitalization of $28.66 billion, a P/E ratio of 23.88, a PEG ratio of 1.53 and a beta of 1.12. The company has a quick ratio of 2.99, a current ratio of 2.82 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings data on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts expect that Electronic Arts Inc. will post 3.79 earnings per share for the current fiscal year.

In other Electronic Arts news, insider Chris Bruzzo sold 3,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $100.00, for a total transaction of $300,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 9,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $96.57, for a total transaction of $869,130.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,900 shares of company stock valued at $7,349,568. 2.24% of the stock is owned by company insiders.

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Electronic Arts Company Profile

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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