New York State Common Retirement Fund grew its holdings in Electronic Arts Inc. (NASDAQ:EA) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 844,494 shares of the game software company’s stock after acquiring an additional 3,423 shares during the period. New York State Common Retirement Fund owned about 0.27% of Electronic Arts worth $99,701,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its stake in shares of Electronic Arts by 4.3% in the 2nd quarter. CIBC Asset Management Inc now owns 45,864 shares of the game software company’s stock valued at $4,849,000 after purchasing an additional 1,908 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of Electronic Arts by 2.8% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 18,976 shares of the game software company’s stock valued at $2,006,000 after purchasing an additional 517 shares during the period. IFP Advisors Inc lifted its stake in shares of Electronic Arts by 7.9% in the 2nd quarter. IFP Advisors Inc now owns 7,538 shares of the game software company’s stock valued at $797,000 after purchasing an additional 551 shares during the period. Retirement Systems of Alabama lifted its stake in shares of Electronic Arts by 0.9% in the 2nd quarter. Retirement Systems of Alabama now owns 150,318 shares of the game software company’s stock valued at $15,892,000 after purchasing an additional 1,308 shares during the period. Finally, TD Asset Management Inc. lifted its stake in shares of Electronic Arts by 20.8% in the 2nd quarter. TD Asset Management Inc. now owns 545,640 shares of the game software company’s stock valued at $57,685,000 after purchasing an additional 94,032 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Electronic Arts Inc. (EA) opened at $106.02 on Friday. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $122.79. The stock has a market cap of $32,646.21, a price-to-earnings ratio of 27.25, a PEG ratio of 1.74 and a beta of 0.62. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

In other news, EVP Chris Bruzzo sold 1,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $118.10, for a total transaction of $177,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $108.28, for a total transaction of $108,280.00. Following the sale, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at approximately $2,160,186. The disclosure for this sale can be found here. Insiders have sold 56,116 shares of company stock valued at $6,497,517 in the last ninety days. Insiders own 2.55% of the company’s stock.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Electronic Arts from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $135.00 target price on shares of Electronic Arts in a research note on Thursday, August 31st. Benchmark boosted their target price on shares of Electronic Arts from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Buckingham Research assumed coverage on shares of Electronic Arts in a research note on Wednesday, September 20th. They issued a “buy” rating and a $143.00 target price for the company. Finally, Wedbush set a $136.00 target price on shares of Electronic Arts and gave the company a “buy” rating in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $123.26.

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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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