Leonteq Securities AG Purchases Shares of 3,742 Electronic Arts Inc. $EA

Leonteq Securities AG purchased a new stake in Electronic Arts Inc. (NASDAQ:EA) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,742 shares of the game software company’s stock, valued at approximately $765,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. boosted its position in Electronic Arts by 100.0% in the third quarter. Ameriflex Group Inc. now owns 138 shares of the game software company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Electronic Arts in the third quarter valued at about $30,000. Salomon & Ludwin LLC boosted its position in Electronic Arts by 32.8% in the fourth quarter. Salomon & Ludwin LLC now owns 231 shares of the game software company’s stock valued at $47,000 after buying an additional 57 shares in the last quarter. Tidemark LLC acquired a new position in Electronic Arts in the third quarter valued at about $50,000. Finally, Asset Dedication LLC boosted its position in Electronic Arts by 333.3% in the third quarter. Asset Dedication LLC now owns 260 shares of the game software company’s stock valued at $52,000 after buying an additional 200 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 25,991 shares in the company, valued at $5,233,547.76. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $199.95, for a total transaction of $499,875.00. Following the completion of the transaction, the insider owned 45,843 shares in the company, valued at $9,166,307.85. This represents a 5.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 39,906 shares of company stock valued at $8,032,336. 0.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of Electronic Arts in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average target price of $196.64.

Electronic Arts Price Performance

Shares of EA stock opened at $200.97 on Friday. Electronic Arts Inc. has a 1 year low of $141.19 and a 1 year high of $204.88. The firm’s 50 day moving average is $201.95 and its 200-day moving average is $202.23. The firm has a market capitalization of $50.39 billion, a price-to-earnings ratio of 57.58, a PEG ratio of 2.23 and a beta of 0.66. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Electronic Arts’s dividend payout ratio is currently 21.78%.

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.