Swedbank decreased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,899,574 shares of the game software company’s stock after selling 59,024 shares during the period. Swedbank owned approximately 0.61% of Electronic Arts worth $200,823,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EA. Guardian Life Insurance Co. of America boosted its stake in shares of Electronic Arts by 2.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock valued at $107,000 after buying an additional 34 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its stake in shares of Electronic Arts by 0.9% in the first quarter. Jaffetilchin Investment Partners LLC now owns 4,943 shares of the game software company’s stock valued at $442,000 after buying an additional 45 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of Electronic Arts by 1.3% in the first quarter. ProVise Management Group LLC now owns 4,288 shares of the game software company’s stock valued at $384,000 after buying an additional 53 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Electronic Arts by 1.4% in the first quarter. San Francisco Sentry Investment Group CA now owns 4,962 shares of the game software company’s stock valued at $444,000 after buying an additional 67 shares during the last quarter. Finally, Marietta Investment Partners LLC boosted its stake in shares of Electronic Arts by 2.1% in the first quarter. Marietta Investment Partners LLC now owns 4,966 shares of the game software company’s stock valued at $445,000 after buying an additional 100 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Electronic Arts Inc. (NASDAQ:EA) traded down 1.37% on Friday, reaching $117.22. The company’s stock had a trading volume of 2,341,345 shares. The company has a market capitalization of $36.22 billion, a price-to-earnings ratio of 31.38 and a beta of 0.72. The firm’s 50 day moving average price is $111.06 and its 200-day moving average price is $97.77. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $120.25.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. The business had revenue of $775 million for the quarter, compared to the consensus estimate of $768.47 million. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. Equities analysts forecast that Electronic Arts Inc. will post $4.24 earnings per share for the current year.

Electronic Arts declared that its Board of Directors has initiated a stock buyback plan on Tuesday, May 9th that authorizes the company to repurchase $1.20 billion in shares. This repurchase authorization authorizes the game software company to buy up to 45% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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Several brokerages recently weighed in on EA. UBS AG reaffirmed a “buy” rating and issued a $112.00 price target (up from $96.00) on shares of Electronic Arts in a research note on Thursday, May 11th. KeyCorp reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. set a $130.00 price target on Electronic Arts and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Bank of America Corporation raised Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Electronic Arts has an average rating of “Buy” and an average target price of $115.19.

In other news, EVP Patrick Soderlund sold 55,163 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $107.14, for a total value of $5,910,163.82. Following the completion of the transaction, the executive vice president now owns 213,689 shares of the company’s stock, valued at approximately $22,894,639.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 10,965 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $108.00, for a total value of $1,184,220.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,915 shares of company stock worth $37,562,227. Company insiders own 2.55% of the company’s stock.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

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

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