Virginia Retirement Systems ET AL decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 78.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,000 shares of the game software company’s stock after selling 187,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Electronic Arts were worth $6,139,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. ProVise Management Group LLC raised its position in Electronic Arts by 0.8% in the second quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock worth $458,000 after acquiring an additional 36 shares during the period. Veritable L.P. increased its stake in shares of Electronic Arts by 1.5% in the second quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock worth $787,000 after purchasing an additional 113 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of Electronic Arts by 3.3% in the second quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock worth $376,000 after purchasing an additional 115 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Electronic Arts by 0.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock worth $2,435,000 after purchasing an additional 166 shares in the last quarter. Finally, Advisor Partners LLC grew its position in shares of Electronic Arts by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 5,228 shares of the game software company’s stock worth $553,000 after buying an additional 175 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

Several analysts have recently issued reports on EA shares. Vetr cut shares of Electronic Arts from a “strong-buy” rating to a “buy” rating and set a $121.82 price target on the stock. in a research report on Wednesday. KeyCorp reiterated a “buy” rating and issued a $134.00 price objective on shares of Electronic Arts in a research report on Sunday, November 19th. Buckingham Research set a $143.00 price objective on Electronic Arts and gave the company a “buy” rating in a research report on Sunday, November 19th. Oppenheimer reissued a “buy” rating on shares of Electronic Arts in a research note on Friday, November 17th. Finally, BMO Capital Markets dropped their target price on Electronic Arts from $100.00 to $97.00 and set a “market perform” rating on the stock in a report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Electronic Arts has a consensus rating of “Buy” and a consensus target price of $123.26.

In other news, CFO Blake J. Jorgensen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $111.94, for a total value of $1,119,400.00. Following the completion of the transaction, the chief financial officer now owns 182,814 shares of the company’s stock, valued at $20,464,199.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jacob J. Schatz sold 1,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,116 shares of company stock valued at $6,497,517. 2.55% of the stock is owned by insiders.

Electronic Arts Inc. (EA) opened at $106.35 on Friday. The company has a market capitalization of $33,708.59, a price-to-earnings ratio of 28.14, a P/E/G ratio of 1.79 and a beta of 0.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.38 and a current ratio of 2.38. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79.

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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.

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

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