Stevens Capital Management LP boosted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 212.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 229,449 shares of the game software company’s stock after acquiring an additional 156,041 shares during the period. Electronic Arts comprises about 1.0% of Stevens Capital Management LP’s investment portfolio, making the stock its 10th biggest holding. Stevens Capital Management LP owned about 0.07% of Electronic Arts worth $27,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EA. D. Scott Neal Inc. acquired a new position in shares of Electronic Arts during the second quarter valued at approximately $120,000. Tower Research Capital LLC TRC increased its stake in shares of Electronic Arts by 310.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,405 shares of the game software company’s stock valued at $149,000 after acquiring an additional 1,063 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Electronic Arts during the third quarter valued at approximately $183,000. Captrust Financial Advisors acquired a new position in shares of Electronic Arts during the second quarter valued at approximately $195,000. Finally, Ray Gerald L & Associates Ltd. acquired a new position in shares of Electronic Arts during the third quarter valued at approximately $208,000. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Electronic Arts Inc. (EA) is Stevens Capital Management LP’s 10th Largest Position” was posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/electronic-arts-inc-ea-is-stevens-capital-management-lps-10th-largest-position/1682850.html.

A number of research analysts recently commented on EA shares. Zacks Investment Research upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Friday, October 27th. KeyCorp restated a “buy” rating and issued a $134.00 price target on shares of Electronic Arts in a research report on Friday, August 25th. Jefferies Group LLC restated a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a research report on Thursday, August 31st. Barclays PLC initiated coverage on shares of Electronic Arts in a research report on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price target on the stock. Finally, Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Electronic Arts currently has an average rating of “Buy” and an average price target of $123.38.

In other news, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of Electronic Arts stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $119.56, for a total transaction of $1,202,534.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 190,596 shares of company stock worth $22,661,081. Insiders own 2.55% of the company’s stock.

Electronic Arts Inc. (NASDAQ EA) traded down $0.07 during trading hours on Monday, hitting $113.13. 513,964 shares of the stock traded hands, compared to its average volume of 3,389,007. The company has a current ratio of 2.38, a quick ratio of 3.01 and a debt-to-equity ratio of 0.23. The company has a market cap of $34,947.98, a P/E ratio of 29.10, a P/E/G ratio of 1.85 and a beta of 0.65.

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.