Jackson Square Partners LLC reduced its holdings in Electronic Arts Inc. (NASDAQ:EA) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,625,021 shares of the game software company’s stock after selling 352,947 shares during the quarter. Electronic Arts accounts for 2.6% of Jackson Square Partners LLC’s holdings, making the stock its 15th biggest position. Jackson Square Partners LLC owned about 1.50% of Electronic Arts worth $546,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. raised its holdings in shares of Electronic Arts by 2.8% during the second quarter. Candriam Luxembourg S.C.A. now owns 18,976 shares of the game software company’s stock valued at $2,006,000 after acquiring an additional 517 shares during the period. IFP Advisors Inc raised its holdings in shares of Electronic Arts by 7.9% during the second quarter. IFP Advisors Inc now owns 7,538 shares of the game software company’s stock valued at $797,000 after acquiring an additional 551 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Electronic Arts by 0.9% during the second quarter. Retirement Systems of Alabama now owns 150,318 shares of the game software company’s stock valued at $15,892,000 after acquiring an additional 1,308 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of Electronic Arts by 6.2% during the second quarter. Pictet Asset Management Ltd. now owns 445,689 shares of the game software company’s stock valued at $50,510,000 after acquiring an additional 26,141 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Electronic Arts during the second quarter valued at approximately $1,755,000. Institutional investors and hedge funds own 93.78% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ:EA) opened at $103.18 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38. The company has a market cap of $31,048.12, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.61. Electronic Arts Inc. has a 1 year low of $76.42 and a 1 year high of $122.79.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $100.27, for a total value of $1,002,700.00. Following the completion of the sale, the chief financial officer now directly owns 169,614 shares in the company, valued at $17,007,195.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $105.76, for a total transaction of $1,063,734.08. The disclosure for this sale can be found here. Insiders sold 67,674 shares of company stock valued at $7,551,251 over the last three months. Insiders own 2.55% of the company’s stock.

A number of brokerages recently commented on EA. Cowen reaffirmed a “hold” rating and set a $106.00 price objective on shares of Electronic Arts in a research report on Friday, September 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a research report on Monday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating and set a $130.00 price objective on shares of Electronic Arts in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Electronic Arts presently has a consensus rating of “Buy” and an average price target of $123.26.

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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.

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

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