Peak Asset Management Has Lowered Its Position in Now (DNOW) by $540,320 as Stock Price Declined; Copper Rock Capital Partners Trimmed Its Electronic Arts (EA) Stake by $1.91 Million

May 19, 2018 - By Winifred Garcia

Electronic Arts Inc. (NASDAQ:EA) Logo

Copper Rock Capital Partners Llc decreased its stake in Electronic Arts Inc (EA) by 17.61% based on its latest 2017Q4 regulatory filing with the SEC. Copper Rock Capital Partners Llc sold 18,183 shares as the company’s stock rose 13.17% while stock markets declined. The institutional investor held 85,084 shares of the prepackaged software company at the end of 2017Q4, valued at $8.96M, down from 103,267 at the end of the previous reported quarter. Copper Rock Capital Partners Llc who had been investing in Electronic Arts Inc for a number of months, seems to be less bullish one the $40.49B market cap company. The stock increased 0.91% or $1.19 during the last trading session, reaching $132. About 2.96 million shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 34.78% since May 19, 2017 and is uptrending. It has outperformed by 23.23% the S&P500.

Peak Asset Management Llc decreased its stake in Now Inc (DNOW) by 81.12% based on its latest 2017Q4 regulatory filing with the SEC. Peak Asset Management Llc sold 49,120 shares as the company’s stock declined 9.82% with the market. The hedge fund held 11,431 shares of the metal fabrications company at the end of 2017Q4, valued at $126,000, down from 60,551 at the end of the previous reported quarter. Peak Asset Management Llc who had been investing in Now Inc for a number of months, seems to be less bullish one the $1.65 billion market cap company. The stock increased 2.08% or $0.31 during the last trading session, reaching $15.22. About 2.15 million shares traded or 45.96% up from the average. NOW Inc. (NYSE:DNOW) has declined 37.02% since May 19, 2017 and is downtrending. It has underperformed by 48.57% the S&P500.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on July, 26. They expect $-0.12 earnings per share, down 133.33% or $0.48 from last year’s $0.36 per share. After $1.13 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts -110.62% negative EPS growth.

Since December 14, 2017, it had 0 insider buys, and 40 sales for $19.38 million activity. $125,584 worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by Warren Denise. Another trade for 9,000 shares valued at $1.15 million was made by Wilson Andrew on Thursday, February 1. 5,000 shares valued at $543,265 were sold by Soderlund Patrick on Tuesday, January 2. Jorgensen Blake J sold 10,500 shares worth $1.26M. $81,113 worth of stock was sold by Miele Laura on Tuesday, January 2. The insider Bruzzo Chris sold 1,500 shares worth $178,221.

More notable recent Electronic Arts Inc. (NASDAQ:EA) news were published by: Fool.com which released: “Electronic Arts Rides the Esports Wave” on May 11, 2018, also Benzinga.com with their article: “Activision Blizzard’s Q1 Earnings Leaked Ahead Of Release” published on May 03, 2018, Investorplace.com published: “The 5 Best Charts in the Market Right Now” on May 18, 2018. More interesting news about Electronic Arts Inc. (NASDAQ:EA) were released by: Investorplace.com and their article: “3 Earnings Reports to Watch Next Week” published on May 04, 2018 as well as Seekingalpha.com‘s news article titled: “Live Services Are Like Taxes For Gamers” with publication date: May 07, 2018.

Among 29 analysts covering Electronic Arts (NASDAQ:EA), 26 have Buy rating, 0 Sell and 3 Hold. Therefore 90% are positive. Electronic Arts had 97 analyst reports since July 28, 2015 according to SRatingsIntel. On Wednesday, July 26 the stock rating was upgraded by Bank of America to “Buy”. The company was maintained on Wednesday, January 31 by Barclays Capital. The stock has “Buy” rating by Bank of America on Wednesday, October 18. Stifel Nicolaus maintained Electronic Arts Inc. (NASDAQ:EA) on Thursday, January 25 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, October 26. KeyBanc Capital Markets maintained Electronic Arts Inc. (NASDAQ:EA) on Wednesday, January 31 with “Overweight” rating. The firm has “Buy” rating by Benchmark given on Monday, May 23. Morgan Stanley maintained the shares of EA in report on Wednesday, January 31 with “Equal-Weight” rating. The stock has “Hold” rating by Cowen & Co on Wednesday, January 31. The rating was downgraded by Morgan Stanley on Friday, January 12 to “Hold”.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.30, from 1.15 in 2017Q3. It dropped, as 82 investors sold EA shares while 234 reduced holdings. 85 funds opened positions while 184 raised stakes. 280.71 million shares or 0.12% less from 281.04 million shares in 2017Q3 were reported. Smithfield Tru invested in 1,118 shares or 0.01% of the stock. Massachusetts-based Winslow Evans Crocker Incorporated has invested 0% in Electronic Arts Inc. (NASDAQ:EA). Waddell & Reed Financial holds 0.91% or 3.89 million shares. Ci Invests Inc owns 57,849 shares or 0.06% of their US portfolio. Colony Ltd Liability has 0.09% invested in Electronic Arts Inc. (NASDAQ:EA). Polar Cap Limited Liability Partnership accumulated 231,625 shares. State Treasurer State Of Michigan holds 90,306 shares or 0.07% of its portfolio. Marshall Wace Llp has 10,660 shares for 0.05% of their portfolio. Guardian Life Insurance Company Of America reported 999 shares or 0.02% of all its holdings. Pointstate LP reported 1.96% stake. Hap Trading Limited Liability Co stated it has 0.89% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Moreover, Earnest Partners Limited Liability Co has 0% invested in Electronic Arts Inc. (NASDAQ:EA) for 135 shares. Glenmede Na invested 0.14% of its portfolio in Electronic Arts Inc. (NASDAQ:EA). Argent Capital Mngmt Limited Liability Corp stated it has 1,609 shares. Parametric Associate Ltd holds 0.12% in Electronic Arts Inc. (NASDAQ:EA) or 1.16 million shares.

Copper Rock Capital Partners Llc, which manages about $1.61 billion US Long portfolio, upped its stake in Insperity Inc (NYSE:NSP) by 44,098 shares to 419,001 shares, valued at $23.99 million in 2017Q4, according to the filing. It also increased its holding in Ingevity Corp by 95,350 shares in the quarter, for a total of 421,298 shares, and has risen its stake in Selective Insurance Group Inc (NASDAQ:SIGI).

Another recent and important NOW Inc. (NYSE:DNOW) news was published by Seekingalpha.com which published an article titled: “Time To Buy NOW Inc.” on May 09, 2018.

Among 11 analysts covering Now Inc (NYSE:DNOW), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Now Inc had 46 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, February 15. The rating was maintained by Stifel Nicolaus on Tuesday, January 16 with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 6. The stock of NOW Inc. (NYSE:DNOW) earned “Neutral” rating by Seaport Global on Wednesday, June 21. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Neutral” rating by JP Morgan given on Thursday, February 15. As per Tuesday, January 10, the company rating was upgraded by Susquehanna. The firm earned “Neutral” rating on Tuesday, September 12 by JP Morgan. Stephens upgraded it to “Overweight” rating and $23 target in Friday, May 5 report. The stock of NOW Inc. (NYSE:DNOW) has “Hold” rating given on Thursday, May 3 by Cowen & Co.

Investors sentiment decreased to 1.09 in Q4 2017. Its down 0.13, from 1.22 in 2017Q3. It fall, as 27 investors sold DNOW shares while 74 reduced holdings. 36 funds opened positions while 74 raised stakes. 117.25 million shares or 6.86% more from 109.72 million shares in 2017Q3 were reported. Etrade Capital Management Ltd Llc has 0% invested in NOW Inc. (NYSE:DNOW). Peak Asset Management Limited Liability Corp, a Colorado-based fund reported 11,431 shares. Gsa Cap Prtnrs Llp accumulated 21,425 shares or 0.01% of the stock. State Street stated it has 3.64 million shares. Zacks Inv Mngmt reported 0% in NOW Inc. (NYSE:DNOW). Osborne Capital Management Limited Liability Corp invested 0.56% in NOW Inc. (NYSE:DNOW). Grp One Trading Lp reported 7,607 shares. Comml Bank Of New York Mellon invested in 0% or 1.19 million shares. Shapiro Mngmt Limited Liability Co holds 0.53% in NOW Inc. (NYSE:DNOW) or 2.21M shares. California Public Employees Retirement Systems invested 0.01% in NOW Inc. (NYSE:DNOW). Art Advsr Llc holds 237,000 shares or 0.12% of its portfolio. Point72 Asset Management Lp invested 0% in NOW Inc. (NYSE:DNOW). Maryland-based Proshare Advisors Limited Co has invested 0% in NOW Inc. (NYSE:DNOW). Knightsbridge Asset Ltd Llc holds 2.07% or 296,270 shares in its portfolio. Federated Pa invested in 229,617 shares or 0.01% of the stock.

Since March 6, 2018, it had 1 insider buy, and 0 sales for $300,061 activity.

NOW Inc. (NYSE:DNOW) Institutional Positions Chart

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