Electronic Arts Inc. $EA Stake Boosted by Nordea Investment Management AB

Nordea Investment Management AB boosted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 33.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 227,893 shares of the game software company’s stock after buying an additional 57,268 shares during the period. Nordea Investment Management AB owned about 0.09% of Electronic Arts worth $46,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Electronic Arts by 9.4% in the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after acquiring an additional 294 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Electronic Arts by 167.0% in the 1st quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Electronic Arts by 150.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock valued at $46,000 after acquiring an additional 190 shares in the last quarter. Cetera Investment Advisers boosted its stake in Electronic Arts by 56.4% in the 2nd quarter. Cetera Investment Advisers now owns 21,188 shares of the game software company’s stock worth $3,384,000 after purchasing an additional 7,639 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Electronic Arts by 18.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 71,381 shares of the game software company’s stock worth $11,400,000 after purchasing an additional 11,118 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the transaction, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.69, for a total transaction of $239,628.00. Following the completion of the sale, the insider owned 29,960 shares of the company’s stock, valued at $5,982,712.40. This trade represents a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,600 shares of company stock valued at $5,553,319 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EA. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup decreased their target price on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Three analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Price Performance

EA opened at $201.13 on Tuesday. The stock has a fifty day moving average price of $201.48 and a 200 day moving average price of $198.54. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. Electronic Arts Inc. has a 1 year low of $131.15 and a 1 year high of $204.88. The stock has a market cap of $50.33 billion, a price-to-earnings ratio of 75.61, a PEG ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.