Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,223 shares of the game software company’s stock after selling 296 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Electronic Arts were worth $7,010,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Electronic Arts by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 3,613,795 shares of the game software company’s stock worth $284,619,000 after acquiring an additional 164,030 shares in the last quarter. First Bank & Trust raised its stake in Electronic Arts by 8.4% during the first quarter. First Bank & Trust now owns 7,095 shares of the game software company’s stock worth $721,000 after acquiring an additional 549 shares in the last quarter. CMH Wealth Management LLC raised its stake in Electronic Arts by 0.8% during the first quarter. CMH Wealth Management LLC now owns 20,345 shares of the game software company’s stock worth $2,068,000 after acquiring an additional 155 shares in the last quarter. Ropes Wealth Advisors LLC acquired a new position in Electronic Arts during the first quarter worth about $34,000. Finally, Jag Capital Management LLC raised its stake in Electronic Arts by 622.3% during the first quarter. Jag Capital Management LLC now owns 148,504 shares of the game software company’s stock worth $15,092,000 after acquiring an additional 127,944 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

Several research analysts have commented on EA shares. Stephens set a $120.00 target price on Electronic Arts and gave the stock a “buy” rating in a research note on Monday, June 24th. Oppenheimer upped their price objective on Electronic Arts from $88.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Wedbush reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Electronic Arts in a research note on Thursday, July 25th. Atlantic Securities raised Electronic Arts from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 7th. Finally, UBS Group upped their price objective on Electronic Arts from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $113.10.

In other Electronic Arts news, insider Laura Miele sold 1,250 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $92.20, for a total transaction of $115,250.00. Following the transaction, the insider now directly owns 15,504 shares in the company, valued at approximately $1,429,468.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Luis A. Ubinas sold 3,389 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $89.23, for a total value of $302,400.47. Following the transaction, the director now owns 306 shares in the company, valued at $27,304.38. The disclosure for this sale can be found here. Insiders have sold a total of 103,468 shares of company stock valued at $10,069,840 in the last three months. Insiders own 2.18% of the company’s stock.

NASDAQ:EA traded up $0.40 on Tuesday, reaching $92.17. 84,090 shares of the stock traded hands, compared to its average volume of 4,195,465. The stock has a market capitalization of $27.10 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. The firm has a 50 day moving average of $92.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. Electronic Arts Inc. has a 1-year low of $73.91 and a 1-year high of $133.65.

About Electronic Arts

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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