Parametric Portfolio Associates LLC raised its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,040,924 shares of the game software company’s stock after buying an additional 52,313 shares during the period. Parametric Portfolio Associates LLC owned about 0.34% of Electronic Arts worth $122,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EA. Public Employees Retirement System of Ohio grew its position in shares of Electronic Arts by 7.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 310,233 shares of the game software company’s stock valued at $36,626,000 after acquiring an additional 22,816 shares during the period. Coastline Trust Co grew its position in shares of Electronic Arts by 11.2% during the 3rd quarter. Coastline Trust Co now owns 23,230 shares of the game software company’s stock valued at $2,743,000 after acquiring an additional 2,345 shares during the period. IFM Investors Pty Ltd bought a new stake in shares of Electronic Arts during the 3rd quarter valued at $1,018,000. Independent Advisor Alliance grew its position in shares of Electronic Arts by 11.0% during the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock valued at $542,000 after acquiring an additional 452 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Electronic Arts by 4.0% during the 3rd quarter. California Public Employees Retirement System now owns 684,184 shares of the game software company’s stock valued at $80,775,000 after acquiring an additional 26,184 shares during the period. Institutional investors and hedge funds own 93.78% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ:EA) opened at $109.28 on Friday. The company has a market cap of $32,498.45, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.61. Electronic Arts Inc. has a one year low of $77.94 and a one year high of $122.79. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23.

EA has been the subject of a number of recent research reports. Jefferies Group reissued a “buy” rating and set a $135.00 price objective on shares of Electronic Arts in a research report on Thursday, August 31st. KeyCorp reissued a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a research report on Friday, August 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $128.00 target price on shares of Electronic Arts in a report on Thursday, October 12th. SunTrust Banks assumed coverage on shares of Electronic Arts in a report on Tuesday, October 10th. They issued a “buy” rating and a $133.00 target price for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $127.00 target price on shares of Electronic Arts in a report on Friday, October 6th. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Electronic Arts presently has an average rating of “Buy” and an average target price of $123.26.

In other news, CEO Andrew Wilson sold 10,058 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $118.04, for a total transaction of $1,187,246.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Blake J. Jorgensen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total transaction of $1,002,700.00. Following the sale, 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. In the last quarter, insiders sold 67,874 shares of company stock worth $7,572,291. Corporate insiders own 2.55% of the company’s stock.

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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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