Electronic Arts Inc. (EA) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Electronic Arts Inc. (NASDAQ:EA) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,692 shares of the game software company’s stock after buying an additional 16,594 shares during the quarter. Assenagon Asset Management S.A. owned 0.05% of Electronic Arts worth $18,880,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Electronic Arts by 31.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after purchasing an additional 2,339,158 shares in the last quarter. Egerton Capital UK LLP increased its position in Electronic Arts by 79.8% during the 2nd quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after purchasing an additional 1,794,024 shares in the last quarter. Winslow Capital Management LLC increased its position in Electronic Arts by 18.5% during the 2nd quarter. Winslow Capital Management LLC now owns 2,888,223 shares of the game software company’s stock worth $407,298,000 after purchasing an additional 450,216 shares in the last quarter. Standard Life Aberdeen plc increased its position in Electronic Arts by 12.6% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,891,538 shares of the game software company’s stock worth $266,765,000 after purchasing an additional 210,930 shares in the last quarter. Finally, Swedbank increased its position in Electronic Arts by 9.1% during the 3rd quarter. Swedbank now owns 1,793,297 shares of the game software company’s stock worth $216,075,000 after purchasing an additional 148,944 shares in the last quarter. Institutional investors and hedge funds own 93.41% of the company’s stock.

EA has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $158.00 price target on shares of Electronic Arts in a research note on Tuesday, July 31st. ValuEngine lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Stifel Nicolaus raised their price target on Electronic Arts from $157.00 to $159.00 and gave the stock a “$146.56” rating in a research note on Monday, July 23rd. SunTrust Banks decreased their price target on Electronic Arts to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, BidaskClub lowered Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $141.87.



NASDAQ EA opened at $91.19 on Tuesday. The stock has a market capitalization of $29.33 billion, a PE ratio of 26.51, a PEG ratio of 1.65 and a beta of 0.58. Electronic Arts Inc. has a 1-year low of $89.12 and a 1-year high of $151.26. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.19.

In related news, insider Chris Bruzzo sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $128.47, for a total transaction of $192,705.00. Following the sale, the insider now directly owns 57,964 shares in the company, valued at approximately $7,446,635.08. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $128.00, for a total value of $128,000.00. The disclosure for this sale can be found here. Insiders sold a total of 128,750 shares of company stock worth $15,384,360 over the last ninety days. Corporate insiders own 2.24% of the company’s stock.

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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