Electronic Arts Inc. (NASDAQ:EA) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Electronic Arts Inc. (NASDAQ:EA) by 165.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,817 shares of the game software company’s stock after acquiring an additional 260,567 shares during the quarter. Teacher Retirement System of Texas owned 0.16% of Electronic Arts worth $61,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Pinnacle Bancorp Inc. raised its position in shares of Electronic Arts by 141.0% in the 4th quarter. Pinnacle Bancorp Inc. now owns 200 shares of the game software company’s stock valued at $29,000 after purchasing an additional 117 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Electronic Arts during the fourth quarter worth approximately $32,000. SBI Securities Co. Ltd. acquired a new stake in shares of Electronic Arts during the fourth quarter worth approximately $41,000. Larson Financial Group LLC grew its position in shares of Electronic Arts by 31.8% during the third quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock worth $42,000 after buying an additional 70 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Electronic Arts during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Electronic Arts Trading Up 0.1 %

Shares of EA stock opened at $141.97 on Thursday. The firm has a market capitalization of $37.00 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The stock has a fifty day moving average of $132.71 and a two-hundred day moving average of $144.71. Electronic Arts Inc. has a 1 year low of $115.21 and a 1 year high of $168.50. 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 (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. As a group, research analysts expect that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 0.54%. Electronic Arts’s dividend payout ratio (DPR) is 19.34%.

Insiders Place Their Bets

In other news, insider Laura Miele sold 2,500 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $130.83, for a total transaction of $327,075.00. Following the completion of the sale, the insider now owns 47,514 shares in the company, valued at approximately $6,216,256.62. This represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Stuart Canfield sold 1,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $130.11, for a total value of $130,110.00. Following the sale, the chief financial officer now owns 9,516 shares of the company’s stock, valued at $1,238,126.76. This trade represents a 9.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,000 shares of company stock worth $3,194,240 over the last ninety days. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on EA shares. Raymond James lowered shares of Electronic Arts from an “outperform” rating to a “market perform” rating in a report on Thursday, January 23rd. StockNews.com downgraded Electronic Arts from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 5th. BMO Capital Markets decreased their target price on Electronic Arts from $145.00 to $142.00 and set a “market perform” rating for the company in a research report on Wednesday, February 5th. Ascendiant Capital Markets lifted their target price on Electronic Arts from $157.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Finally, Benchmark decreased their price objective on shares of Electronic Arts from $163.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $154.78.

About Electronic Arts

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.