Janus Henderson Group PLC trimmed its holdings in Electronic Arts Inc. (NASDAQ:EA) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,399,550 shares of the game software company’s stock after selling 25,728 shares during the period. Janus Henderson Group PLC owned about 0.45% of Electronic Arts worth $165,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. ProVise Management Group LLC increased its holdings in shares of 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 valued at $458,000 after acquiring an additional 36 shares during the last quarter. Veritable L.P. increased its holdings in shares of Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after acquiring an additional 113 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in shares of 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 valued at $376,000 after acquiring an additional 115 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of 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 valued at $2,435,000 after acquiring an additional 166 shares during the last quarter. Finally, Pegasus Partners Ltd. increased its holdings in shares of Electronic Arts by 2.3% in the 2nd quarter. Pegasus Partners Ltd. now owns 11,447 shares of the game software company’s stock valued at $1,210,000 after acquiring an additional 254 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.

Electronic Arts Inc. (NASDAQ EA) opened at $107.92 on Tuesday. Electronic Arts Inc. has a 52 week low of $77.94 and a 52 week high of $122.79. The stock has a market capitalization of $33,060.00, a price-to-earnings ratio of 27.06, a PEG ratio of 1.73 and a beta of 0.61. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

A number of brokerages have recently weighed in on EA. Morgan Stanley reiterated an “overweight” rating and issued a $128.00 price target (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Barclays began coverage on Electronic Arts in a report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price target for the company. KeyCorp reiterated a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a report on Friday, August 25th. Buckingham Research began coverage on Electronic Arts in a report on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target for the company. Finally, SunTrust Banks began coverage on Electronic Arts in a report on Tuesday, October 10th. They issued a “buy” rating and a $133.00 price target for the company. Five research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $123.26.

In other news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $118.04, for a total value of $1,187,246.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the sale, the chief financial officer now owns 169,614 shares of the company’s stock, valued at approximately $17,007,195.78. The disclosure for this sale can be found here. In the last three months, insiders sold 67,674 shares of company stock valued at $7,551,251. Company insiders own 2.55% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Electronic Arts Inc. (EA) Holdings Lessened by Janus Henderson Group PLC” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/electronic-arts-inc-ea-holdings-lessened-by-janus-henderson-group-plc/1758635.html.

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.

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

Receive News & Ratings for Electronic Arts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electronic Arts Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.