Leonteq Securities AG Invests $765,000 in Electronic Arts Inc. $EA

Leonteq Securities AG acquired a new position in shares of Electronic Arts Inc. (NASDAQ:EA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,742 shares of the game software company’s stock, valued at approximately $765,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Electronic Arts by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 28,773,086 shares of the game software company’s stock worth $5,879,205,000 after purchasing an additional 485,030 shares during the period. Pentwater Capital Management LP bought a new position in shares of Electronic Arts during the 3rd quarter worth about $968,160,000. Ameriprise Financial Inc. increased its holdings in shares of Electronic Arts by 8.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,591,869 shares of the game software company’s stock worth $926,194,000 after purchasing an additional 374,840 shares during the period. Invesco Ltd. increased its holdings in shares of Electronic Arts by 4.9% during the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock worth $870,328,000 after purchasing an additional 202,657 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Electronic Arts by 26.3% during the 3rd quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock worth $619,127,000 after purchasing an additional 638,667 shares during the period. Institutional investors own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

EA has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $196.64.

Insiders Place Their Bets

In related news, insider Vijayanthimala Singh sold 1,200 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.81, for a total value of $240,972.00. Following the sale, the insider owned 27,560 shares of the company’s stock, valued at $5,534,323.60. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $200.54, for a total transaction of $501,350.00. Following the completion of the transaction, the insider owned 40,843 shares in the company, valued at approximately $8,190,655.22. This trade represents a 5.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,906 shares of company stock valued at $8,032,336 over the last 90 days. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.97 on Friday. The stock has a market cap of $50.39 billion, a P/E ratio of 57.58, a PEG ratio of 2.23 and a beta of 0.66. The company’s 50-day simple moving average is $201.95 and its 200 day simple moving average is $202.23. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

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

Electronic Arts 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.