Logan Capital Management Inc. Has $14.12 Million Stock Position in Electronic Arts Inc. $EA

Logan Capital Management Inc. raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,115 shares of the game software company’s stock after acquiring an additional 2,780 shares during the quarter. Logan Capital Management Inc.’s holdings in Electronic Arts were worth $14,122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EA. Pentwater Capital Management LP bought a new position in shares of Electronic Arts during the third quarter worth approximately $968,160,000. Norges Bank bought a new stake in shares of Electronic Arts in the fourth quarter valued at about $643,674,000. Ameriprise Financial Inc. boosted its position 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 valued at $673,393,000 after acquiring an additional 1,300,336 shares during the period. Man Group plc grew its stake in shares of Electronic Arts by 165.5% in the second quarter. Man Group plc now owns 1,279,249 shares of the game software company’s stock valued at $204,296,000 after acquiring an additional 797,461 shares in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in Electronic Arts during the third quarter worth about $156,760,000. Institutional investors own 90.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Citigroup lifted their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $196.64.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer directly owned 25,991 shares in the company, valued at approximately $5,233,547.76. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. Also, EVP Jacob J. Schatz sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares in the company, valued at $8,507,721.53. This trade represents a 10.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 39,906 shares of company stock worth $8,032,336 over the last three months. 0.24% of the stock is owned by insiders.

Electronic Arts Trading Down 0.1%

Shares of EA opened at $203.05 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.05 and a current ratio of 1.05. Electronic Arts Inc. has a 52-week low of $146.97 and a 52-week high of $204.88. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 58.18, a PEG ratio of 2.29 and a beta of 0.65. The business’s fifty day moving average is $202.24 and its 200-day moving average is $202.35.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.19 per share. 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 payout ratio is presently 21.78%.

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.