Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 21,800 Shares of Electronic Arts Inc. $EA

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Electronic Arts Inc. (NASDAQ:EA) by 23.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,239 shares of the game software company’s stock after purchasing an additional 21,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Electronic Arts were worth $23,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EA. Pentwater Capital Management LP purchased a new stake in Electronic Arts in the 3rd quarter valued at $968,160,000. Norges Bank purchased a new stake in Electronic Arts in the 4th quarter valued at $643,674,000. Ameriprise Financial Inc. raised its position in Electronic Arts by 44.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,217,029 shares of the game software company’s stock valued at $673,393,000 after buying an additional 1,300,336 shares during the last quarter. Man Group plc raised its position in Electronic Arts by 165.5% in the 2nd quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after buying an additional 797,461 shares during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in Electronic Arts in the 3rd quarter valued at $156,760,000. 90.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $200.81, for a total value of $240,972.00. Following the completion of the sale, the insider owned 27,560 shares of the company’s stock, valued at approximately $5,534,323.60. This trade represents a 4.17% decrease in their position. The sale 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, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $201.36, for a total value of $302,040.00. Following the completion of the sale, the chief financial officer directly owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 39,906 shares of company stock worth $8,032,336 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EA. Weiss Ratings raised Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus lowered Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. Citigroup increased their price target on Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Trading Down 0.2%

Shares of Electronic Arts stock opened at $203.00 on Friday. The stock has a fifty day moving average price of $202.21 and a 200-day moving average price of $202.29. Electronic Arts Inc. has a 1 year low of $145.54 and a 1 year high of $204.88. The firm has a market cap of $50.90 billion, a PE ratio of 58.17, a P/E/G ratio of 2.24 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.05 and a quick ratio of 1.05.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend 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 21.78%.

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.