Intech Investment Management LLC Has $6.02 Million Stock Position in Electronic Arts Inc. (NASDAQ:EA)

Intech Investment Management LLC lowered its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 55.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,167 shares of the game software company's stock after selling 52,038 shares during the period. Intech Investment Management LLC's holdings in Electronic Arts were worth $6,023,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in Electronic Arts by 141.0% during the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company's stock worth $29,000 after purchasing an additional 117 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Electronic Arts in the fourth quarter worth $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Electronic Arts in the fourth quarter worth $41,000. Larson Financial Group LLC increased its stake in shares of Electronic Arts by 31.8% in the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company's stock worth $42,000 after buying an additional 70 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Electronic Arts in the 4th quarter worth about $42,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Insider Transactions at Electronic Arts

In other news, EVP Jacob J. Schatz sold 1,500 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $143.45, for a total value of $215,175.00. Following the transaction, the executive vice president now directly owns 23,386 shares of the company's stock, valued at approximately $3,354,721.70. This represents a 6.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Stuart Canfield sold 1,000 shares of Electronic Arts stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $148.18, for a total value of $148,180.00. Following the sale, the chief financial officer now directly owns 8,750 shares of the company's stock, valued at approximately $1,296,575. The trade was a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,000 shares of company stock valued at $3,166,740 over the last ninety days. Corporate insiders own 0.22% of the company's stock.

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Electronic Arts Price Performance

Shares of Electronic Arts stock traded up $1.05 during trading on Friday, hitting $144.30. The stock had a trading volume of 9,254,820 shares, compared to its average volume of 2,408,865. The business has a fifty day moving average of $132.76 and a two-hundred day moving average of $144.64. The firm has a market cap of $37.61 billion, a P/E ratio of 36.72, a PEG ratio of 3.58 and a beta of 0.78. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, sell-side analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio is presently 19.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Electronic Arts from $167.00 to $159.00 and set a "hold" rating for the company in a research report on Tuesday, January 21st. DA Davidson began coverage on Electronic Arts in a report on Wednesday, February 19th. They issued a "neutral" rating and a $140.00 price objective for the company. StockNews.com downgraded Electronic Arts from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 5th. Ascendiant Capital Markets boosted their target price on shares of Electronic Arts from $157.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Roth Mkm lowered their target price on shares of Electronic Arts from $158.00 to $134.00 and set a "neutral" rating for the company in a research note on Thursday, January 23rd. Thirteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $154.78.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.