Bank of Montreal Can lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 47.8% in the fourth quarter, HoldingsChannel reports. The firm owned 689,278 shares of the game software company’s stock after buying an additional 222,981 shares during the period. Bank of Montreal Can’s holdings in Electronic Arts were worth $72,415,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EA. Atria Investments LLC lifted its position in Electronic Arts by 99.8% during the 4th quarter. Atria Investments LLC now owns 5,863 shares of the game software company’s stock worth $616,000 after acquiring an additional 2,928 shares during the period. CMH Wealth Management LLC acquired a new stake in Electronic Arts during the 4th quarter worth about $1,262,000. Nisa Investment Advisors LLC lifted its position in Electronic Arts by 0.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 100,837 shares of the game software company’s stock worth $10,594,000 after acquiring an additional 686 shares during the period. KAMES CAPITAL plc lifted its position in Electronic Arts by 24.1% during the 4th quarter. KAMES CAPITAL plc now owns 12,766 shares of the game software company’s stock worth $1,342,000 after acquiring an additional 2,480 shares during the period. Finally, Daiwa SB Investments Ltd. lifted its position in Electronic Arts by 34.4% during the 4th quarter. Daiwa SB Investments Ltd. now owns 8,680 shares of the game software company’s stock worth $912,000 after acquiring an additional 2,220 shares during the period. 93.53% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the transaction, the senior vice president now directly owns 19,950 shares in the company, valued at approximately $2,160,186. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 169,614 shares in the company, valued at $17,007,195.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,516 shares of company stock worth $7,243,795. Insiders own 2.55% of the company’s stock.

EA has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $128.00 price objective (up previously from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Barclays initiated coverage on Electronic Arts in a research note on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective for the company. Stifel Nicolaus reiterated a “buy” rating and set a $127.00 price objective on shares of Electronic Arts in a research note on Friday, October 6th. SunTrust Banks initiated coverage on Electronic Arts in a research note on Tuesday, October 10th. They set a “buy” rating and a $133.00 price objective for the company. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $128.00 price objective on shares of Electronic Arts in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and a consensus target price of $122.85.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $115.28 on Friday. Electronic Arts Inc. has a 52 week low of $78.89 and a 52 week high of $122.79. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $35,590.00, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 31st. The game software company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. Electronic Arts had a return on equity of 28.92% and a net margin of 23.35%. equities analysts anticipate that Electronic Arts Inc. will post 3.69 earnings per share for the current year.

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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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