Dupont Capital Management Corp acquired a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,552 shares of the game software company’s stock, valued at approximately $183,000.

Several other large investors have also made changes to their positions in the stock. ProVise Management Group LLC grew its position in Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after purchasing an additional 36 shares during the last quarter. Veritable L.P. grew its position in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares during the last quarter. Great Lakes Advisors LLC grew its position in Electronic Arts by 3.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after purchasing an additional 115 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Electronic Arts by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after purchasing an additional 166 shares during the last quarter. Finally, Advisor Partners LLC grew its position in Electronic Arts by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 5,228 shares of the game software company’s stock worth $553,000 after purchasing an additional 175 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lawrence F. Probst III sold 68,072 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total transaction of $8,088,995.76. Following the completion of the sale, the director now directly owns 176,348 shares of the company’s stock, valued at approximately $20,955,432.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the sale, the director now directly owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,596 shares of company stock worth $22,627,981. 2.55% of the stock is currently owned by company insiders.

Electronic Arts Inc. (EA) opened at $112.01 on Tuesday. Electronic Arts Inc. has a 12 month low of $73.74 and a 12 month high of $122.79. The company has a market cap of $34,718.59, a price-to-earnings ratio of 28.99, a PEG ratio of 1.85 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38.

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A number of brokerages have recently weighed in on EA. Cowen and Company reaffirmed a “market perform” rating and issued a $106.00 price target (up from $90.00) on shares of Electronic Arts in a research note on Sunday, July 30th. KeyCorp reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. BidaskClub raised shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $130.00 price target (up from $115.00) on shares of Electronic Arts in a research note on Sunday, July 30th. Finally, Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Electronic Arts presently has an average rating of “Buy” and an average price target of $123.38.

Electronic Arts Profile

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.

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

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