Dai Ichi Life Insurance Company Ltd grew its stake in Electronic Arts Inc. (NASDAQ:EA) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,770 shares of the game software company’s stock after acquiring an additional 4,196 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Electronic Arts were worth $8,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Electronic Arts by 8.8% during the first quarter. Vanguard Group Inc. now owns 29,631,771 shares of the game software company’s stock worth $2,652,637,000 after buying an additional 2,394,314 shares during the last quarter. BlackRock Inc. raised its stake in shares of Electronic Arts by 3,420.8% during the first quarter. BlackRock Inc. now owns 20,764,484 shares of the game software company’s stock worth $1,858,837,000 after buying an additional 20,174,721 shares during the last quarter. State Street Corp raised its stake in shares of Electronic Arts by 2.8% during the first quarter. State Street Corp now owns 11,886,458 shares of the game software company’s stock worth $1,064,069,000 after buying an additional 318,704 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Electronic Arts by 24.8% during the first quarter. Ameriprise Financial Inc. now owns 9,443,219 shares of the game software company’s stock worth $845,359,000 after buying an additional 1,877,351 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Electronic Arts by 15.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,077,235 shares of the game software company’s stock worth $723,074,000 after buying an additional 1,064,602 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

In related news, EVP Patrick Soderlund sold 50,000 shares of Electronic Arts stock in a transaction on Friday, June 16th. The shares were sold at an average price of $111.32, for a total value of $5,566,000.00. Following the completion of the sale, the executive vice president now owns 139,507 shares of the company’s stock, valued at approximately $15,529,919.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $107.90, for a total transaction of $1,079,000.00. Following the completion of the sale, the chief financial officer now directly owns 229,614 shares of the company’s stock, valued at approximately $24,775,350.60. The disclosure for this sale can be found here. In the last three months, insiders sold 345,097 shares of company stock valued at $39,623,978. 2.55% of the stock is currently owned by insiders.

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Shares of Electronic Arts Inc. (NASDAQ:EA) traded down 0.55% on Friday, reaching $118.28. 2,424,349 shares of the company traded hands. The firm has a 50-day moving average price of $117.38 and a 200 day moving average price of $104.16. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The company has a market capitalization of $36.52 billion, a PE ratio of 31.67 and a beta of 0.68.

Electronic Arts (NASDAQ:EA) last posted its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.22. Electronic Arts had a net margin of 23.31% and a return on equity of 29.77%. The business had revenue of $775 million during the quarter, compared to the consensus estimate of $768.47 million. During the same quarter last year, the firm posted $0.07 EPS. Electronic Arts’s revenue was up 13.6% compared to the same quarter last year. Equities analysts forecast that Electronic Arts Inc. will post $4.24 EPS for the current fiscal year.

EA has been the subject of a number of recent research reports. Vetr raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 price target for the company in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Benchmark Co. boosted their price target on shares of Electronic Arts from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Tuesday, June 20th. Stifel Nicolaus reissued a “buy” rating on shares of Electronic Arts in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $116.77.

About Electronic Arts

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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