K2 Principal Fund L.P. purchased a new stake in shares of Electronic Arts Inc. (NASDAQ:EA) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,245 shares of the game software company’s stock, valued at approximately $2,272,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC increased its stake in Electronic Arts by 928.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,586,064 shares of the game software company’s stock valued at $273,399,000 after purchasing an additional 2,334,600 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Electronic Arts during the 3rd quarter valued at about $148,789,000. Arrowstreet Capital Limited Partnership increased its stake in Electronic Arts by 145.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,208,784 shares of the game software company’s stock valued at $127,793,000 after purchasing an additional 715,862 shares in the last quarter. Janus Henderson Group PLC increased its stake in Electronic Arts by 65.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,425,278 shares of the game software company’s stock valued at $150,688,000 after purchasing an additional 561,322 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Electronic Arts by 103.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,012,999 shares of the game software company’s stock valued at $107,094,000 after purchasing an additional 515,608 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

In other Electronic Arts news, Director Lawrence F. Probst III sold 55,850 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $121.18, for a total transaction of $6,767,903.00. Following the transaction, the director now owns 171,123 shares of the company’s stock, valued at $20,736,685.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $120.77, for a total transaction of $120,770.00. The disclosure for this sale can be found here. In the last three months, insiders sold 123,524 shares of company stock worth $14,647,265. 2.55% of the stock is currently owned by insiders.

A number of analysts have weighed in on the stock. 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. Zacks Investment Research lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. KeyCorp reiterated a “buy” rating on shares of Electronic Arts in a research note on Sunday, July 30th. Needham & Company LLC reiterated a “buy” rating and issued a $130.00 price target on shares of Electronic Arts in a research note on Friday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $128.00 price target (up from $126.00) on shares of Electronic Arts in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.38.

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Electronic Arts Inc. (NASDAQ EA) opened at $107.32 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.23. The stock has a market cap of $33,046.55, a P/E ratio of 27.59, a P/E/G ratio of 1.76 and a beta of 0.65. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79.

Electronic Arts Company 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.

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

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