Daiwa Securities Group Inc. cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 50.1% in the 4th quarter, HoldingsChannel reports. The fund owned 22,398 shares of the game software company’s stock after selling 22,495 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Electronic Arts were worth $2,353,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in Electronic Arts by 14.3% in the fourth quarter. California Public Employees Retirement System now owns 781,696 shares of the game software company’s stock worth $82,125,000 after purchasing an additional 97,512 shares during the last quarter. Goelzer Investment Management Inc. lifted its stake in Electronic Arts by 3.4% in the fourth quarter. Goelzer Investment Management Inc. now owns 20,424 shares of the game software company’s stock worth $2,146,000 after purchasing an additional 665 shares during the last quarter. Icon Advisers Inc. Co. lifted its stake in Electronic Arts by 365.0% in the fourth quarter. Icon Advisers Inc. Co. now owns 76,719 shares of the game software company’s stock worth $8,060,000 after purchasing an additional 60,219 shares during the last quarter. Bedell Frazier Investment Counseling LLC bought a new stake in Electronic Arts in the fourth quarter worth $4,607,000. Finally, Wellington Shields Capital Management LLC lifted its stake in Electronic Arts by 88.9% in the fourth quarter. Wellington Shields Capital Management LLC now owns 8,925 shares of the game software company’s stock worth $938,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Several equities analysts have recently commented on the stock. Goldman Sachs Group downgraded shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets lowered their price objective on shares of Electronic Arts from $100.00 to $97.00 and set a “market perform” rating for the company in a research note on Thursday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a research note on Sunday, November 19th. Buckingham Research set a $143.00 price objective on shares of Electronic Arts and gave the company a “buy” rating in a research note on Sunday, November 19th. Finally, Vetr downgraded shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price objective for the company. in a research note on Wednesday, November 29th. Seven equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $130.34.

Electronic Arts Inc. (EA) opened at $123.77 on Thursday. Electronic Arts Inc. has a one year low of $85.23 and a one year high of $131.01. The stock has a market cap of $37,506.70, a PE ratio of 38.68, a P/E/G ratio of 2.22 and a beta of 0.73. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.24.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings results on Tuesday, January 30th. The game software company reported $2.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.03. Electronic Arts had a net margin of 19.67% and a return on equity of 25.42%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.02 billion. analysts anticipate that Electronic Arts Inc. will post 3.66 EPS for the current year.

In other Electronic Arts news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $128.31, for a total value of $192,465.00. Following the sale, the executive vice president now owns 36,762 shares in the company, valued at $4,716,932.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Blake J. Jorgensen sold 10,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $118.90, for a total transaction of $1,248,450.00. Following the completion of the sale, the chief financial officer now owns 148,971 shares in the company, valued at approximately $17,712,651.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,158 shares of company stock valued at $7,546,309. 2.55% of the stock is owned by insiders.

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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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