Candriam Luxembourg S.C.A. grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 31.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,801 shares of the game software company’s stock after buying an additional 22,212 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Electronic Arts were worth $11,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in Electronic Arts by 31.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,697,249 shares of the game software company’s stock worth $1,168,422,000 after purchasing an additional 2,339,158 shares during the last quarter. Egerton Capital UK LLP increased its position in Electronic Arts by 79.8% in the second quarter. Egerton Capital UK LLP now owns 4,041,717 shares of the game software company’s stock worth $569,963,000 after purchasing an additional 1,794,024 shares during the last quarter. Advisors Asset Management Inc. increased its position in Electronic Arts by 3,732.8% in the second quarter. Advisors Asset Management Inc. now owns 951,463 shares of the game software company’s stock worth $4,094,000 after purchasing an additional 926,639 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Electronic Arts in the third quarter worth $66,023,000. Finally, Winslow Capital Management LLC increased its position in Electronic Arts by 18.5% in the second quarter. Winslow Capital Management LLC now owns 2,888,223 shares of the game software company’s stock worth $407,298,000 after purchasing an additional 450,216 shares during the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.

In related news, Director Lawrence F. Probst III sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $111.34, for a total value of $278,350.00. Following the completion of the sale, the director now directly owns 112,338 shares of the company’s stock, valued at $12,507,712.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $128.00, for a total transaction of $128,000.00. The disclosure for this sale can be found here. Insiders have sold 109,750 shares of company stock valued at $12,200,643 over the last three months. Insiders own 2.24% of the company’s stock.

A number of research firms have weighed in on EA. Stifel Nicolaus boosted their price objective on shares of Electronic Arts from $157.00 to $159.00 and gave the company a “$146.56” rating in a research report on Monday, July 23rd. SunTrust Banks boosted their price objective on shares of Electronic Arts to $155.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Argus upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research report on Wednesday, August 1st. BidaskClub cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Finally, Wedbush reiterated a “buy” rating and set a $158.00 price objective on shares of Electronic Arts in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $134.68.

Shares of EA opened at $88.25 on Friday. The firm has a market cap of $26.48 billion, a PE ratio of 25.65, a P/E/G ratio of 1.51 and a beta of 0.96. Electronic Arts Inc. has a 12-month low of $84.86 and a 12-month high of $151.26. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.19.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, October 30th. The game software company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.46. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Electronic Arts had a net margin of 18.76% and a return on equity of 26.01%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Analysts predict that Electronic Arts Inc. will post 3.87 EPS for the current year.

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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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