Electronic Arts Inc. $EA Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its stake in Electronic Arts Inc. (NASDAQ:EA) by 45.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,274 shares of the game software company’s stock after selling 92,500 shares during the quarter. Janus Henderson Group PLC’s holdings in Electronic Arts were worth $22,675,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ascentis Independent Advisors acquired a new position in shares of Electronic Arts during the first quarter valued at approximately $27,000. MV Capital Management Inc. acquired a new stake in shares of Electronic Arts in the fourth quarter worth approximately $28,000. Asset Planning Inc purchased a new stake in shares of Electronic Arts during the first quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Electronic Arts during the first quarter worth approximately $32,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Electronic Arts in the 4th quarter valued at $44,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EA. Weiss Ratings upgraded Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. Citigroup increased their price target on shares of Electronic Arts from $202.00 to $204.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Argus downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $201.42.

Electronic Arts Stock Up 0.0%

Shares of NASDAQ:EA opened at $209.91 on Tuesday. The business has a 50-day moving average price of $205.21 and a 200 day moving average price of $203.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $52.98 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 2.35 and a beta of 0.64. Electronic Arts Inc. has a 12-month low of $156.37 and a 12-month high of $209.97.

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 Wednesday, May 20th. The shares were sold at an average price of $201.36, for a total value of $302,040.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the completion of the transaction, the executive vice president owned 42,287 shares in the company, valued at approximately $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 31,206 shares of company stock valued at $6,292,058 over the last quarter. 0.24% of the stock is owned by insiders.

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.