Crossmark Global Holdings Inc. bought a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,704 shares of the game software company’s stock, valued at approximately $2,326,000.

A number of other hedge funds have also made changes to their positions in the business. FMR LLC increased its stake in shares of Electronic Arts by 0.7% in the second quarter. FMR LLC now owns 30,692,180 shares of the game software company’s stock worth $3,244,778,000 after purchasing an additional 205,768 shares in the last quarter. Northern Trust Corp increased its stake in shares of Electronic Arts by 1.2% in the second quarter. Northern Trust Corp now owns 3,431,740 shares of the game software company’s stock worth $362,804,000 after purchasing an additional 40,722 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Electronic Arts by 928.4% in the second quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock worth $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Electronic Arts by 12.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,741,644 shares of the game software company’s stock worth $184,127,000 after purchasing an additional 199,073 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Electronic Arts by 65.0% in the second quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock worth $150,688,000 after purchasing an additional 561,322 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

In related news, Director Lawrence F. Probst III sold 68,072 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $118.83, for a total value of $8,088,995.76. Following the completion of the sale, the director now directly owns 176,348 shares in the company, valued at approximately $20,955,432.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence F. Probst III sold 55,850 shares of Electronic Arts stock in a transaction that occurred 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 completion of the sale, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The disclosure for this sale can be found here. Insiders sold a total of 190,596 shares of company stock worth $22,661,081 over the last 90 days. Company insiders own 2.55% of the company’s stock.

A number of brokerages have recently issued reports on EA. Cowen and Company reissued a “market perform” rating and issued a $106.00 price objective (up from $90.00) on shares of Electronic Arts in a research note on Sunday, July 30th. KeyCorp restated a “buy” rating on shares of Electronic Arts in a research report on Sunday, July 30th. Robert W. Baird restated a “buy” rating and set a $130.00 target price on shares of Electronic Arts in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $123.38.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $113.20 on Monday. The firm has a market cap of $34,947.98, a price-to-earnings ratio of 29.10, a PEG ratio of 1.85 and a beta of 0.65. The company has a current ratio of 2.38, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23.

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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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