Highstreet Asset Management Inc. cut its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 39.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,458 shares of the game software company’s stock after selling 4,226 shares during the period. Highstreet Asset Management Inc.’s holdings in Electronic Arts were worth $762,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Korea Investment CORP grew its stake in Electronic Arts by 1.9% in the 3rd quarter. Korea Investment CORP now owns 137,200 shares of the game software company’s stock valued at $16,198,000 after buying an additional 2,600 shares during the last quarter. Aperio Group LLC grew its stake in Electronic Arts by 8.1% in the 3rd quarter. Aperio Group LLC now owns 123,106 shares of the game software company’s stock valued at $14,534,000 after buying an additional 9,231 shares during the last quarter. Huntington National Bank grew its stake in Electronic Arts by 3.6% in the 3rd quarter. Huntington National Bank now owns 109,643 shares of the game software company’s stock valued at $12,945,000 after buying an additional 3,775 shares during the last quarter. First Trust Advisors LP grew its stake in Electronic Arts by 25.0% in the 3rd quarter. First Trust Advisors LP now owns 268,366 shares of the game software company’s stock valued at $31,683,000 after buying an additional 53,669 shares during the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Electronic Arts by 2.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 49,946 shares of the game software company’s stock valued at $5,897,000 after buying an additional 1,130 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

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In other Electronic Arts news, CFO Blake J. Jorgensen sold 10,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $115.25, for a total transaction of $1,152,500.00. Following the completion of the sale, the chief financial officer now directly owns 209,614 shares in the company, valued at $24,158,013.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth A. Moss sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $116.72, for a total transaction of $583,600.00. Following the sale, the executive vice president now owns 99,449 shares of the company’s stock, valued at $11,607,687.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,038 shares of company stock valued at $21,929,310. 2.55% of the stock is currently owned by company insiders.

A number of research analysts recently commented on EA shares. Oppenheimer Holdings, Inc. set a $130.00 price target on shares of Electronic Arts and gave the company a “buy” rating in a research note on Friday, July 28th. Wedbush reiterated a “buy” rating on shares of Electronic Arts in a research note on Friday, July 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $123.00) on shares of Electronic Arts in a research note on Friday, July 28th. Bank of America Corporation upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Wednesday, July 26th. Finally, BidaskClub upgraded shares of Electronic Arts from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $122.75.

Electronic Arts Inc. (NASDAQ:EA) opened at 117.97 on Tuesday. The company has a market cap of $36.42 billion, a P/E ratio of 31.59 and a beta of 0.70. The company has a 50-day moving average of $117.31 and a 200 day moving average of $111.83. Electronic Arts Inc. has a 52 week low of $73.74 and a 52 week high of $122.79.

Electronic Arts 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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