Dynamic Technology Lab Private Ltd Takes $3.05 Million Position in Electronic Arts Inc. $EA

Dynamic Technology Lab Private Ltd acquired a new stake in Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,942 shares of the game software company’s stock, valued at approximately $3,053,000. Electronic Arts makes up 0.7% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 6th largest position.

Several other large investors have also made changes to their positions in EA. Pentwater Capital Management LP purchased a new position in shares of Electronic Arts in the third quarter valued at about $968,160,000. Norges Bank purchased a new position in shares of Electronic Arts in the fourth quarter valued at about $643,674,000. Ameriprise Financial Inc. lifted its position in shares of Electronic Arts by 44.6% in the second quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after acquiring an additional 1,300,336 shares in the last quarter. Man Group plc lifted its position in shares of Electronic Arts by 165.5% in the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after acquiring an additional 797,461 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Electronic Arts in the third quarter valued at about $156,760,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of research analyst reports. Citigroup boosted their target price on Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $196.64.

Insiders Place Their Bets

In other news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total transaction of $302,040.00. Following the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total value of $499,875.00. Following the transaction, the insider directly owned 45,843 shares in the company, valued at approximately $9,166,307.85. This represents a 5.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 39,906 shares of company stock worth $8,032,336. Corporate insiders own 0.24% of the company’s stock.

Electronic Arts Trading Up 0.1%

Shares of NASDAQ EA opened at $203.27 on Friday. The business’s 50 day moving average is $202.23 and its two-hundred day moving average is $202.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. Electronic Arts Inc. has a 1-year low of $146.97 and a 1-year high of $204.88. The stock has a market capitalization of $50.97 billion, a P/E ratio of 58.24, a PEG ratio of 2.28 and a beta of 0.65.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.