Public Sector Pension Investment Board Has $30.92 Million Holdings in Electronic Arts Inc. $EA

Public Sector Pension Investment Board lifted its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 685.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 153,283 shares of the game software company’s stock after acquiring an additional 133,772 shares during the quarter. Public Sector Pension Investment Board’s holdings in Electronic Arts were worth $30,917,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EA. Ballentine Partners LLC boosted its position in Electronic Arts by 1.2% during the third quarter. Ballentine Partners LLC now owns 4,783 shares of the game software company’s stock worth $965,000 after purchasing an additional 59 shares during the period. Physician Wealth Advisors Inc. raised its position in shares of Electronic Arts by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,053 shares of the game software company’s stock valued at $212,000 after purchasing an additional 59 shares during the period. Linden Thomas Advisory Services LLC lifted its stake in shares of 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 worth $392,000 after buying an additional 67 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Electronic Arts by 70.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 165 shares of the game software company’s stock worth $26,000 after buying an additional 68 shares during the period. Finally, SBI Securities Co. Ltd. grew its stake in Electronic Arts by 20.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 399 shares of the game software company’s stock valued at $80,000 after buying an additional 68 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on EA shares. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Argus set a $210.00 price objective on Electronic Arts in a research note on Thursday, October 30th. Benchmark restated a “buy” rating on shares of Electronic Arts in a research note on Wednesday, October 29th. Morgan Stanley raised their target price on Electronic Arts from $148.00 to $210.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Finally, Zacks Research lowered Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Four equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $186.95.

Insider Activity at Electronic Arts

In other Electronic Arts news, Director Jeff Huber sold 16,788 shares of Electronic Arts stock in a transaction on Friday, November 21st. The shares were sold at an average price of $200.72, for a total transaction of $3,369,687.36. Following the sale, the director owned 1,980 shares in the company, valued at $397,425.60. The trade was a 89.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vijayanthimala Singh sold 1,200 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $204.30, for a total transaction of $245,160.00. Following the completion of the sale, the insider directly owned 32,360 shares in the company, valued at $6,611,148. This trade represents a 3.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,769 shares of company stock worth $24,943,734 in the last three months. Company insiders own 0.24% of the company’s stock.

Electronic Arts Stock Up 0.1%

NASDAQ EA opened at $200.62 on Friday. Electronic Arts Inc. has a twelve month low of $128.02 and a twelve month high of $204.88. The stock has a market cap of $50.21 billion, a PE ratio of 75.42, a PEG ratio of 2.41 and a beta of 0.74. The firm has a 50-day simple moving average of $203.46 and a 200 day simple moving average of $192.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Dividend Announcement

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

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.