Picton Mahoney Asset Management Buys 73,304 Shares of Electronic Arts Inc. $EA

Picton Mahoney Asset Management boosted its position in Electronic Arts Inc. (NASDAQ:EA) by 4,322.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 75,000 shares of the game software company’s stock after purchasing an additional 73,304 shares during the period. Picton Mahoney Asset Management’s holdings in Electronic Arts were worth $15,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake 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 buying an additional 1,300,336 shares during the period. Acadian Asset Management LLC increased its holdings in Electronic Arts by 176.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,862,898 shares of the game software company’s stock worth $297,465,000 after acquiring an additional 1,189,455 shares during the last quarter. State Street Corp increased its holdings in Electronic Arts by 5.8% in the 2nd quarter. State Street Corp now owns 17,072,959 shares of the game software company’s stock worth $2,726,552,000 after acquiring an additional 932,024 shares during the last quarter. Man Group plc raised its stake in Electronic Arts by 165.5% in 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 during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Electronic Arts by 50.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,365,221 shares of the game software company’s stock valued at $377,726,000 after purchasing an additional 791,978 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EA. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Citigroup reduced their price objective on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Finally, Zacks Research cut shares of Electronic Arts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 19th. Three research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $188.30.

Electronic Arts Trading Up 0.1%

Shares of Electronic Arts stock opened at $201.22 on Wednesday. The company’s 50-day moving average price is $202.70 and its 200-day moving average price is $195.67. 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 Inc. has a 12-month low of $129.24 and a 12-month high of $204.88. The company has a market cap of $50.36 billion, a price-to-earnings ratio of 75.65, a PEG ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

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

Insider Activity

In other news, CFO Stuart Canfield sold 1,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total transaction of $299,850.00. Following the completion of the transaction, the chief financial officer directly owned 5,897 shares in the company, valued at $1,178,810.30. The trade was a 20.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $204.11, for a total value of $510,275.00. Following the completion of the sale, the insider owned 53,148 shares in the company, valued at $10,848,038.28. This trade represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,600 shares of company stock valued at $5,589,823 in the last quarter. 0.24% of the stock is currently owned by company insiders.

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.