APG Asset Management N.V. Purchases 9,024 Shares of Electronic Arts Inc. $EA

APG Asset Management N.V. raised its position in Electronic Arts Inc. (NASDAQ:EA) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,040 shares of the game software company’s stock after purchasing an additional 9,024 shares during the period. APG Asset Management N.V. owned approximately 0.08% of Electronic Arts worth $39,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EA. Oakworth Capital Inc. acquired a new stake in Electronic Arts during the 3rd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Electronic Arts by 131.9% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 167 shares of the game software company’s stock valued at $34,000 after acquiring an additional 95 shares during the period. MTM Investment Management LLC bought a new stake in shares of Electronic Arts in the second quarter worth about $30,000. NewSquare Capital LLC raised its position in shares of Electronic Arts by 67.5% during the second quarter. NewSquare Capital LLC now owns 196 shares of the game software company’s stock worth $31,000 after purchasing an additional 79 shares during the period. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Electronic Arts during the 2nd quarter valued at about $37,000. 90.23% of the stock is owned by institutional investors.

Insider Activity at Electronic Arts

In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the sale, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Wilson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $199.50, for a total value of $997,500.00. Following the completion of the transaction, the chief executive officer directly owned 33,858 shares in the company, valued at $6,754,671. The trade was a 12.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,600 shares of company stock valued at $5,589,823. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research cut Electronic Arts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 19th. UBS Group reissued a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Finally, Citigroup cut their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Four research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Electronic Arts currently has an average rating of “Hold” and a consensus price target of $186.95.

Electronic Arts Stock Performance

Shares of NASDAQ EA opened at $200.57 on Monday. Electronic Arts Inc. has a 12 month low of $128.02 and a 12 month high of $204.88. The company has a market capitalization of $50.19 billion, a P/E ratio of 75.40, a P/E/G ratio of 2.39 and a beta of 0.75. The stock has a 50 day moving average of $202.81 and a 200-day moving average of $195.33. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio is currently 28.57%.

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.