CIBC Asset Management Inc Acquires 1,435 Shares of Electronic Arts Inc. (EA)

CIBC Asset Management Inc increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,140 shares of the game software company’s stock after acquiring an additional 1,435 shares during the quarter. CIBC Asset Management Inc’s holdings in Electronic Arts were worth $4,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Electronic Arts by 20.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 11,650,029 shares of the game software company’s stock valued at $919,303,000 after purchasing an additional 1,952,780 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Electronic Arts by 15.4% in the 4th quarter. Brown Advisory Inc. now owns 4,230,653 shares of the game software company’s stock valued at $333,840,000 after purchasing an additional 564,592 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Electronic Arts by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock valued at $284,619,000 after purchasing an additional 164,030 shares during the last quarter. Northern Trust Corp boosted its holdings in Electronic Arts by 7.7% in the 4th quarter. Northern Trust Corp now owns 3,588,533 shares of the game software company’s stock valued at $283,172,000 after purchasing an additional 256,711 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Electronic Arts by 39.7% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,577,578 shares of the game software company’s stock valued at $282,307,000 after purchasing an additional 1,016,222 shares during the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

In other Electronic Arts news, CEO Andrew Wilson sold 9,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $96.57, for a total value of $869,130.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $102.38, for a total transaction of $102,380.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,900 shares of company stock worth $6,773,928. 2.24% of the stock is owned by insiders.



Shares of EA opened at $94.57 on Thursday. Electronic Arts Inc. has a fifty-two week low of $73.91 and a fifty-two week high of $151.26. The company has a market cap of $27.09 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12. The company has a current ratio of 2.82, a quick ratio of 2.99 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last announced its earnings results on Tuesday, May 7th. The game software company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.43. Electronic Arts had a net margin of 20.59% and a return on equity of 22.62%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts forecast that Electronic Arts Inc. will post 3.8 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on EA shares. Bank of America boosted their price target on shares of Electronic Arts from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Stifel Nicolaus reissued a “buy” rating and issued a $109.00 price target on shares of Electronic Arts in a research note on Thursday, February 14th. BMO Capital Markets boosted their price target on shares of Electronic Arts from $96.00 to $116.00 and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Robert W. Baird boosted their price target on shares of Electronic Arts to $106.00 and gave the company an “outperform” rating in a research note on Tuesday, February 12th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $114.00 price target (up from $111.00) on shares of Electronic Arts in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $111.32.

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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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