Electronic Arts Inc. (NASDAQ:EA) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,060 shares of the game software company's stock after purchasing an additional 2,186 shares during the quarter. Gotham Asset Management LLC's holdings in Electronic Arts were worth $3,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EA. Swedbank AB boosted its position in Electronic Arts by 6.3% during the fourth quarter. Swedbank AB now owns 1,607,817 shares of the game software company's stock worth $235,224,000 after purchasing an additional 95,190 shares during the period. Atomi Financial Group Inc. bought a new position in Electronic Arts during the fourth quarter worth about $217,000. Huntington National Bank boosted its position in Electronic Arts by 31.4% during the fourth quarter. Huntington National Bank now owns 338,870 shares of the game software company's stock worth $49,577,000 after purchasing an additional 80,968 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Electronic Arts by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,456,520 shares of the game software company's stock worth $213,089,000 after purchasing an additional 36,153 shares during the period. Finally, Fisher Funds Management LTD bought a new position in Electronic Arts during the fourth quarter worth about $3,730,000. Institutional investors own 90.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark raised their price objective on shares of Electronic Arts from $160.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Oppenheimer lifted their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. BNP Paribas cut shares of Electronic Arts from an "outperform" rating to a "neutral" rating and set a $125.00 price target on the stock. in a report on Monday, January 27th. Hsbc Global Res upgraded shares of Electronic Arts from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Electronic Arts from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts currently has an average rating of "Hold" and a consensus price target of $161.83.

Electronic Arts Price Performance

EA traded up $1.97 during trading on Friday, reaching $151.54. 3,933,925 shares of the company traded hands, compared to its average volume of 2,725,737. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a fifty day simple moving average of $144.51 and a 200 day simple moving average of $145.02. The company has a market cap of $38.00 billion, a P/E ratio of 38.56, a PEG ratio of 3.58 and a beta of 0.74.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, May 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.50%. Electronic Arts's dividend payout ratio is currently 17.92%.

Insider Activity

In other Electronic Arts news, EVP Jacob J. Schatz sold 1,500 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $149.64, for a total value of $224,460.00. Following the sale, the executive vice president now owns 17,533 shares in the company, valued at $2,623,638.12. This trade represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laura Miele sold 2,500 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $155.57, for a total value of $388,925.00. Following the transaction, the insider now owns 40,189 shares in the company, valued at approximately $6,252,202.73. This represents a 5.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,500 shares of company stock worth $3,342,580. 0.22% of the stock is currently owned by insiders.

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.