Electronic Arts Inc. $EA Stake Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in Electronic Arts Inc. (NASDAQ:EA) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 110,851 shares of the game software company’s stock after acquiring an additional 9,297 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Electronic Arts were worth $22,650,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Walter Public Investments Inc. grew its stake in Electronic Arts by 41.7% during the 3rd 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 in the last quarter. NatWest Group plc purchased a new stake in shares of Electronic Arts in the third quarter worth approximately $10,414,000. Great Lakes Advisors LLC acquired a new stake in shares of Electronic Arts during the third quarter worth approximately $1,025,000. Principal Financial Group Inc. boosted its holdings in shares of Electronic Arts by 35.4% during the third 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. Finally, Greenland Capital Management LP purchased a new position in Electronic Arts during the third quarter valued at approximately $5,569,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling at Electronic Arts

In other news, insider Laura Miele sold 2,500 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. This trade represents a 5.17% decrease in their position. The transaction 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 company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares of the company’s stock, valued at $1,178,810.30. This represents a 20.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,600 shares of company stock worth $5,553,319 in the last ninety days. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a report on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $188.30.

Electronic Arts Stock Up 0.6%

EA opened at $203.87 on Wednesday. The company has a market capitalization of $51.02 billion, a PE ratio of 76.64, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. Electronic Arts Inc. has a fifty-two week low of $131.15 and a fifty-two week high of $204.88. The business has a 50-day moving average of $201.27 and a 200-day moving average of $199.94.

Electronic Arts Dividend Announcement

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

Electronic Arts Company Profile

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.