Intech Investment Management LLC Sells 8,469 Shares of Electronic Arts Inc. $EA

Intech Investment Management LLC lowered its holdings in Electronic Arts Inc. (NASDAQ:EA) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,947 shares of the game software company’s stock after selling 8,469 shares during the period. Intech Investment Management LLC’s holdings in Electronic Arts were worth $8,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after acquiring an additional 50 shares in the last quarter. Ballentine Partners LLC raised its holdings in Electronic Arts by 1.2% during the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after acquiring an additional 59 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in Electronic Arts by 5.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in Electronic Arts by 3.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after purchasing an additional 67 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Electronic Arts by 20.5% in the third quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after purchasing an additional 68 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EA shares. Citigroup dropped their price objective on Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Finally, Zacks Research lowered shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electronic Arts has a consensus rating of “Hold” and a consensus price target of $186.95.

Insider Activity at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $204.11, for a total value of $1,020,550.00. Following the transaction, the chief executive officer directly owned 43,858 shares of the company’s stock, valued at $8,951,856.38. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,600 shares of company stock valued at $5,589,823 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.57 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $50.19 billion, a P/E ratio of 75.40, a P/E/G ratio of 2.39 and a beta of 0.74. Electronic Arts Inc. has a 12 month low of $128.02 and a 12 month high of $204.88. The stock has a 50 day moving average of $202.81 and a 200-day moving average of $195.09.

Electronic Arts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s payout ratio 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.