Electronic Arts Inc. (NASDAQ:EA) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 165.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,817 shares of the game software company's stock after acquiring an additional 260,567 shares during the period. Teacher Retirement System of Texas owned 0.16% of Electronic Arts worth $61,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its stake 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 acquiring an additional 70 shares during the period. Claro Advisors LLC increased its position in Electronic Arts by 3.4% during the 4th quarter. Claro Advisors LLC now owns 2,285 shares of the game software company's stock worth $334,000 after purchasing an additional 75 shares during the period. Parkside Financial Bank & Trust increased its position in Electronic Arts by 11.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company's stock worth $119,000 after purchasing an additional 81 shares during the period. Ballentine Partners LLC raised its stake in shares of Electronic Arts by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company's stock worth $550,000 after buying an additional 82 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Electronic Arts by 1.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company's stock valued at $708,000 after buying an additional 83 shares during the period. 90.23% of the stock is owned by hedge funds and other institutional investors.

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Electronic Arts Trading Up 0.2 %

Shares of EA stock traded up $0.25 during mid-day trading on Monday, reaching $144.55. The company's stock had a trading volume of 2,848,070 shares, compared to its average volume of 2,410,621. The company's 50 day simple moving average is $132.76 and its 200-day simple moving average is $144.62. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.25. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $168.50. The firm has a market capitalization of $37.67 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78.

Electronic Arts (NASDAQ:EA - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing the consensus estimate of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. On average, research analysts predict that Electronic Arts Inc. will post 4.71 EPS for the current fiscal year.

Electronic Arts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio (DPR) is 19.34%.

Insider Activity

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $142.68, for a total value of $713,400.00. Following the transaction, the chief executive officer now directly owns 42,615 shares of the company's stock, valued at $6,080,308.20. This represents a 10.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now directly owns 29,216 shares of the company's stock, valued at $4,311,405.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,000 shares of company stock worth $3,166,740 over the last 90 days. Company insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. DA Davidson assumed coverage on Electronic Arts in a research note on Wednesday, February 19th. They set a "neutral" rating and a $140.00 price target on the stock. Oppenheimer lowered their target price on Electronic Arts from $170.00 to $165.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. StockNews.com cut Electronic Arts from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 5th. Bank of America boosted their price objective on shares of Electronic Arts from $130.00 to $132.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Finally, Citigroup dropped their target price on shares of Electronic Arts from $163.00 to $139.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Electronic Arts currently has a consensus rating of "Hold" and an average price target of $155.65.

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.