Ossiam Has $10.14 Million Position in Electronic Arts Inc. $EA

Ossiam lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 28.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 50,252 shares of the game software company’s stock after selling 19,736 shares during the period. Ossiam’s holdings in Electronic Arts were worth $10,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp lifted its position in Electronic Arts by 5.8% during the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after buying an additional 932,024 shares in the last quarter. Invesco Ltd. increased its position in Electronic Arts by 4.9% in the 3rd quarter. Invesco Ltd. now owns 4,314,962 shares of the game software company’s stock valued at $870,328,000 after acquiring an additional 202,657 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 worth $673,393,000 after acquiring an additional 1,300,336 shares during the last quarter. First Trust Advisors LP boosted its holdings in Electronic Arts by 26.3% in the third quarter. First Trust Advisors LP now owns 3,069,543 shares of the game software company’s stock valued at $619,127,000 after acquiring an additional 638,667 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Electronic Arts by 50.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after acquiring an additional 791,978 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Electronic Arts Trading Up 0.1%

NASDAQ EA opened at $199.24 on Friday. Electronic Arts Inc. has a 12 month low of $131.15 and a 12 month high of $204.88. The stock has a 50-day simple moving average of $201.93 and a 200 day simple moving average of $196.92. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $49.86 billion, a PE ratio of 74.90, a P/E/G ratio of 2.37 and a beta of 0.75.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, February 25th will be given 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 is Wednesday, February 25th. Electronic Arts’s payout ratio is presently 28.57%.

Insider Transactions at Electronic Arts

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the sale, the insider owned 53,148 shares in the company, valued at approximately $10,848,038.28. The trade was a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total value of $299,850.00. Following the transaction, the chief financial officer directly owned 5,897 shares of the company’s stock, valued at approximately $1,178,810.30. This trade represents a 20.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,600 shares of company stock worth $5,589,823 in the last 90 days. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Citigroup lowered their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Finally, Zacks Research downgraded shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $188.30.

Electronic Arts Company 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.