State Board of Administration of Florida Retirement System boosted its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 454,283 shares of the game software company’s stock after buying an additional 1,670 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.15% of Electronic Arts worth $53,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allen Investment Management LLC acquired a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $905,000. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Electronic Arts during the 2nd quarter worth approximately $3,019,000. Swiss National Bank grew its stake in shares of Electronic Arts by 5.3% during the 2nd quarter. Swiss National Bank now owns 1,125,555 shares of the game software company’s stock worth $118,994,000 after purchasing an additional 56,300 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of Electronic Arts by 529.3% during the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 50,647 shares of the game software company’s stock worth $5,354,000 after purchasing an additional 42,599 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Electronic Arts by 65.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after acquiring an additional 561,322 shares during the period. 94.45% of the stock is owned by institutional investors.

In other news, Director Lawrence F. Probst III sold 55,850 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the transaction, the director now owns 171,123 shares in the company, valued at $20,736,685.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Wilson sold 10,058 shares of the company’s 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. Insiders have sold 190,596 shares of company stock worth $22,661,081 in the last ninety days. Insiders own 2.55% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $135.00 price target on shares of Electronic Arts in a research note on Thursday, August 31st. BidaskClub raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Benchmark Co. lifted their price target on shares of Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 price target on the stock. Finally, Barclays PLC dropped their price target on shares of Electronic Arts from $129.00 to $127.00 and set an “overweight” rating on the stock in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.38.

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Shares of Electronic Arts Inc. (NASDAQ:EA) traded down $1.27 during trading on Friday, hitting $113.20. The stock had a trading volume of 2,859,092 shares, compared to its average volume of 3,338,386. The company has a quick ratio of 3.01, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 28.97, 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)

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