Securian Asset Management Inc. Sells 4,732 Shares of Electronic Arts Inc. $EA

Securian Asset Management Inc. reduced its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriflex Group Inc. raised its holdings in shares of Electronic Arts by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Oakworth Capital Inc. bought a new position in Electronic Arts during the third quarter worth about $30,000. Geneos Wealth Management Inc. increased its position in Electronic Arts by 150.8% during the first quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after buying an additional 190 shares during the last quarter. Salomon & Ludwin LLC increased its position in Electronic Arts by 32.8% during the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock worth $47,000 after buying an additional 57 shares during the last quarter. Finally, Tidemark LLC bought a new stake in Electronic Arts in the third quarter valued at approximately $50,000. Institutional investors own 90.23% of the company’s stock.

Insider Buying and Selling

In other news, insider Laura Miele sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total transaction of $508,025.00. Following the completion of the sale, the insider directly owned 43,343 shares in the company, valued at approximately $8,807,731.03. This represents a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $203.21, for a total value of $1,016,050.00. Following the sale, the chief executive officer directly owned 23,858 shares in the company, valued at approximately $4,848,184.18. This trade represents a 17.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 27,600 shares of company stock worth $5,544,159. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $200.19 on Wednesday. The firm has a 50-day moving average price of $201.81 and a two-hundred day moving average price of $202.20. Electronic Arts Inc. has a 12-month low of $141.19 and a 12-month high of $204.88. The company 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. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Dividend Announcement

The business also recently declared 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 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 dividend payout ratio is currently 21.78%.

Wall Street Analyst Weigh In

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

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.