June 28, 2017 – By Clifton Ray
Investors sentiment increased to 0.85 in Q4 2016. Its up 0.04, from 0.81 in 2016Q3. It improved, as 71 investors sold EA shares while 214 reduced holdings. 65 funds opened positions while 178 raised stakes. 290.67 million shares or 1.29% less from 294.46 million shares in 2016Q3 were reported. Mckinley Cap Management Limited Com Delaware holds 4,117 shares. Raymond James & Assocs reported 0.02% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Cubist Systematic Strategies Ltd Limited Liability Company invested in 10,589 shares. Newbrook Cap Limited Partnership invested in 367,022 shares. Sensato Investors Ltd Liability reported 17,700 shares. 331,900 were reported by Rathbone Brothers Plc. Mutual Of America Capital Management Ltd Liability invested in 0.05% or 34,625 shares. 509 are held by Exane Derivatives. Timessquare Mngmt Ltd Liability Company holds 0.4% or 763,900 shares. Cibc reported 14,279 shares. Moreover, Waddell Reed Financial has 0.57% invested in Electronic Arts Inc. (NASDAQ:EA) for 3.30 million shares. Oppenheimer & Com Inc, a New York-based fund reported 6,263 shares. Invesco invested 0.16% in Electronic Arts Inc. (NASDAQ:EA). Strategic Glob Advsr Limited Liability has 17,728 shares. Waratah Capital reported 7,890 shares or 0.09% of all its holdings.
Since January 3, 2017, it had 0 insider purchases, and 49 insider sales for $ 63.85 million activity. 8,000 shares were sold by Soderlund Patrick, worth $ 714,518. 5,000 shares valued at $ 450,000 were sold by LINZNER JOEL on Monday, March 13. Wilson Andrew had sold 8,000 shares worth $ 695,718 on Wednesday, March 1. Miele Laura sold $ 34,144 worth of stock. On Friday, March 3 the insider MOORE PETER R. sold $ 865,987. On Thursday, February 2 Bruzzo Chris sold $ 983,631 worth of Electronic Arts Inc. (NASDAQ:EA) or 12,000 shares. Another trade for 5,000 shares valued at $ 416,849 was sold by Moss Kenneth A.
Suffolk Capital Management Llc increased its stake in Electronic Arts (EA) by 36.88% based on its latest 2016Q4 regulatory filing with the SEC. Suffolk Capital Management Llc bought 44,731 shares as the company’s stock rose 23.30% with the market. The institutional investor held 166,034 shares of the prepackaged software company at the end of 2016Q4, valued at $ 13.08 million, up from 121,303 at the end of the previous reported quarter. Suffolk Capital Management Llc who had been investing in Electronic Arts for a number of months, seems to be bullish on the $ 32.35B market cap company. The stock declined 0.38% or $ 0.41 reaching $ 107.91 on the news. About 590,643 shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since June 28, 2016 and is uptrending. It has outperformed by 29.75% the S&P500.
Suffolk Capital Management Llc, which manages about $ 1.92 billion and $ 731.09 million US Long portfolio, decreased its stake in Regions Financial Group (NYSE:RF) by 221,760 shares to 424,485 shares, valued at $ 6.10M in 2016Q4, according to the filing. It also reduced its holding in Pvh Corp. (NYSE:PVH) by 33,735 shares in the quarter, leaving it with 54,798 shares, and cut its stake in Keycorp (NYSE:KEY).
More important recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Wsj.com</a> which released: “EA Hopes ‘Star Wars Battlefront II’ Microtransactions Can Shift Revenue to …” on June 10, 2017, also Bloomberg.com</a> published article titled: “EA Pays CEO $ 20 Million as FIFA 17 Maker Navigates Shift to Web”, Fool.com</a> published: “Why Shares of Electronic Arts Inc. Popped 20% in May” on June 13, 2017. More interesting news about Electronic Arts Inc. (NASDAQ:EA) was released by: Nasdaq.com</a> and their article: “Electronic Arts Inc (EA) CEO Andrew Wilson Sold $ 11.1 million of Shares” with publication date: June 20, 2017.
Electronic Arts Inc. (NASDAQ:EA) Ratings Coverage
Among 18 analysts covering Electronic Arts (NASDAQ:EA), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Electronic Arts had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 12 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, December 8 by Benchmark. The rating was maintained by Stifel Nicolaus on Monday, September 12 with “Buy”. M Partners maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, July 27 with “Neutral” rating. Piper Jaffray maintained it with “Overweight” rating and $ 85 target in Monday, August 10 report. The rating was maintained by Credit Suisse with “Outperform” on Monday, January 25. The firm has “Buy” rating given on Monday, October 26 by Stifel Nicolaus. As per Wednesday, February 1, the company rating was maintained by Benchmark. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Monday, October 17 with “Buy” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, October 14.
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