Securian Asset Management Inc. Has $1.25 Million Stock Holdings in Electronic Arts Inc. $EA

Securian Asset Management Inc. trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 43.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,103 shares of the game software company’s stock after selling 4,732 shares during the quarter. Securian Asset Management Inc.’s holdings in Electronic Arts were worth $1,247,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Electronic Arts by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,108 shares of the game software company’s stock valued at $425,000 after purchasing an additional 50 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Electronic Arts by 32.8% during the 4th quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Electronic Arts by 1.2% during the 3rd quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after buying an additional 59 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in shares of Electronic Arts by 5.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock worth $212,000 after buying an additional 59 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in Electronic Arts by 3.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 1,941 shares of the game software company’s stock valued at $392,000 after buying an additional 67 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $203.21, for a total transaction of $1,016,050.00. Following the completion of the transaction, the chief executive officer owned 23,858 shares of the company’s stock, valued at approximately $4,848,184.18. This trade represents a 17.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Stuart Canfield sold 1,500 shares of the business’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 directly owned 5,897 shares in the company, valued at approximately $1,178,810.30. This represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,600 shares of company stock valued at $5,544,159. 0.24% of the stock is owned by insiders.

Electronic Arts Trading Down 0.0%

Shares of EA stock opened at $200.19 on Wednesday. Electronic Arts Inc. has a twelve month low of $141.19 and a twelve month high of $204.88. The stock’s fifty day simple moving average is $201.81 and its 200 day simple moving average is $202.20. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $50.10 billion, a P/E ratio of 57.36, a P/E/G ratio of 2.15 and a beta of 0.66.

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 given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.76 annualized dividend and a yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Wall Street Analyst Weigh In

Several research analysts have commented on EA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Electronic Arts in a research note on Monday, May 4th. Citigroup raised their price target 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. Finally, UBS Group reaffirmed a “neutral” rating on shares of Electronic Arts in a 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $196.64.

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.