Natixis Advisors LLC Has $59.77 Million Position in Electronic Arts Inc. $EA

Natixis Advisors LLC reduced its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 292,520 shares of the game software company’s stock after selling 15,737 shares during the period. Natixis Advisors LLC’s holdings in Electronic Arts were worth $59,771,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EA. Pentwater Capital Management LP acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at about $968,160,000. Norges Bank acquired a new stake in shares of Electronic Arts during the 4th quarter valued at about $643,674,000. Ameriprise Financial Inc. boosted its position in shares of Electronic Arts by 44.6% during 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 acquiring an additional 1,300,336 shares in the last quarter. Man Group plc boosted its position in shares of Electronic Arts by 165.5% during 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 acquiring an additional 797,461 shares in the last quarter. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of Electronic Arts during the 3rd quarter valued at about $156,760,000. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Electronic Arts news, insider Laura Miele sold 2,500 shares of Electronic Arts stock in a transaction on Monday, March 16th. The stock was sold at an average price of $199.95, for a total value of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares in the company, valued at approximately $9,166,307.85. The trade was a 5.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stuart Canfield sold 1,500 shares of Electronic Arts stock in a transaction 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 completion of the transaction, the chief financial officer owned 25,991 shares of the company’s stock, valued at approximately $5,233,547.76. The trade was a 5.46% decrease in their position. The SEC filing for this sale provides additional information. 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. In the last 90 days, insiders have sold 39,906 shares of company stock worth $8,032,336. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

EA has been the topic of several recent research reports. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research report on Thursday, May 28th. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup lifted their target price 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. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts has an average rating of “Hold” and a consensus price target of $196.64.

Electronic Arts Stock Up 0.3%

Shares of EA opened at $202.63 on Thursday. The business’s 50 day simple moving average is $202.16 and its 200-day simple moving average is $202.27. 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 Inc. has a one year low of $145.54 and a one year high of $204.88. The company has a market capitalization of $50.81 billion, a P/E ratio of 58.06, a PEG ratio of 2.23 and a beta of 0.65.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 27th will be given a $0.19 dividend. The ex-dividend date 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%.

Electronic Arts 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.