Electronic Arts Inc. $EA Shares Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 76.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,530 shares of the game software company’s stock after acquiring an additional 12,777 shares during the period. Generali Asset Management SPA SGR’s holdings in Electronic Arts were worth $6,034,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Walter Public Investments Inc. raised its holdings in shares of Electronic Arts by 41.7% during the third quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after acquiring an additional 14,134 shares during the period. Principal Financial Group Inc. boosted its stake in Electronic Arts by 35.4% in the 3rd quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after purchasing an additional 102,248 shares during the period. Great Lakes Advisors LLC purchased a new position in Electronic Arts during the 3rd quarter worth approximately $1,025,000. OPTIMAS CAPITAL Ltd purchased a new position in Electronic Arts during the 3rd quarter worth approximately $1,815,000. Finally, Greenland Capital Management LP acquired a new stake in Electronic Arts during the 3rd quarter valued at $5,569,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Down 0.2%

EA stock opened at $200.44 on Friday. The company has a 50 day moving average of $201.87 and a two-hundred day moving average of $202.21. The company has a market cap of $50.16 billion, a price-to-earnings ratio of 57.43, a PEG ratio of 2.16 and a beta of 0.66. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Electronic Arts in a research report on Monday. Citigroup increased their price objective on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Electronic Arts has an average rating of “Hold” and an average price target of $196.64.

Insider Transactions at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $1,016,050.00. Following the transaction, the chief executive officer owned 23,858 shares in the company, valued at $4,848,184.18. The trade was a 17.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $508,025.00. Following the completion of the transaction, the insider directly owned 43,343 shares in the company, valued at approximately $8,807,731.03. The trade was a 5.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,600 shares of company stock worth $5,544,159 in the last ninety days. Company insiders own 0.24% of the company’s stock.

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.