Veritable L.P. boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,443 shares of the game software company’s stock after buying an additional 113 shares during the period. Veritable L.P.’s holdings in Electronic Arts were worth $787,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EA. Guardian Life Insurance Co. of America boosted its position in shares of Electronic Arts by 2.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,190 shares of the game software company’s stock worth $107,000 after purchasing an additional 34 shares in the last quarter. ProVise Management Group LLC boosted its position in shares of Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after buying an additional 36 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Electronic Arts by 0.6% in the 2nd quarter. NEXT Financial Group Inc now owns 12,316 shares of the game software company’s stock worth $1,302,000 after buying an additional 70 shares in the last quarter. Marietta Investment Partners LLC boosted its position in shares of Electronic Arts by 2.1% in the 1st quarter. Marietta Investment Partners LLC now owns 4,966 shares of the game software company’s stock worth $445,000 after buying an additional 100 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its position in shares of Electronic Arts by 3.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

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EA has been the subject of several analyst reports. Benchmark Co. boosted their target price on shares of Electronic Arts from $114.00 to $131.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. KeyCorp reissued a “buy” rating and issued a $134.00 target price on shares of Electronic Arts in a research note on Friday, August 25th. Vetr raised shares of Electronic Arts from a “buy” rating to a “strong-buy” rating and set a $125.00 target price for the company in a research note on Tuesday, July 4th. Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $135.00 target price on shares of Electronic Arts in a research note on Thursday, August 31st. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $118.01.

In other news, EVP Chris Bruzzo sold 1,500 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $105.98, for a total transaction of $158,970.00. Following the completion of the sale, the executive vice president now owns 33,345 shares in the company, valued at $3,533,903.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 9,059 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $105.91, for a total value of $959,438.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,097 shares of company stock valued at $23,140,148. Corporate insiders own 2.55% of the company’s stock.

Electronic Arts Inc. (NASDAQ EA) opened at 118.06 on Friday. The firm has a market capitalization of $36.45 billion, a price-to-earnings ratio of 31.61 and a beta of 0.68. Electronic Arts Inc. has a one year low of $73.74 and a one year high of $122.79. The stock’s 50 day moving average price is $118.23 and its 200-day moving average price is $106.08.

Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Thursday, July 27th. The game software company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The firm had revenue of $775.00 million during the quarter, compared to the consensus estimate of $768.47 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Electronic Arts Inc. will post $4.24 earnings per share for the current fiscal year.

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.

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

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