Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Holdings in Electronic Arts Inc. $EA

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 50.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,989 shares of the game software company’s stock after buying an additional 56,750 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Electronic Arts were worth $34,656,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC raised its holdings in shares of Electronic Arts by 13.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 1,358 shares of the game software company’s stock valued at $277,000 after acquiring an additional 163 shares in the last quarter. USS Investment Management Ltd grew its holdings in Electronic Arts by 8.2% during the 1st quarter. USS Investment Management Ltd now owns 44,711 shares of the game software company’s stock worth $9,111,000 after acquiring an additional 3,398 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Electronic Arts by 1.1% during the 1st quarter. IFM Investors Pty Ltd now owns 46,976 shares of the game software company’s stock worth $9,577,000 after acquiring an additional 525 shares in the last quarter. Capricorn Fund Managers Ltd increased its position in Electronic Arts by 96.9% during the 1st quarter. Capricorn Fund Managers Ltd now owns 75,898 shares of the game software company’s stock valued at $15,473,000 after purchasing an additional 37,349 shares during the period. Finally, iA Global Asset Management Inc. increased its position in Electronic Arts by 90.8% during the 1st quarter. iA Global Asset Management Inc. now owns 59,321 shares of the game software company’s stock valued at $12,094,000 after purchasing an additional 28,227 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Price Performance

EA opened at $205.21 on Friday. The business’s 50-day moving average is $202.40 and its two-hundred day moving average is $202.46. Electronic Arts Inc. has a 1 year low of $146.97 and a 1 year high of $206.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $51.46 billion, a PE ratio of 58.80, a price-to-earnings-growth ratio of 2.31 and a beta of 0.64.

Electronic Arts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total transaction of $302,040.00. Following the completion of the sale, the chief financial officer owned 25,991 shares of the company’s stock, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.10, for a total transaction of $507,750.00. Following the completion of the sale, the insider owned 73,513 shares of the company’s stock, valued at approximately $14,930,490.30. This trade represents a 3.29% 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. In the last ninety days, insiders sold 39,906 shares of company stock worth $8,060,033. 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.