California Public Employees Retirement System Has $355.38 Million Stock Position in Electronic Arts Inc. $EA

California Public Employees Retirement System raised its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 0.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,761,912 shares of the game software company’s stock after purchasing an additional 13,533 shares during the period. California Public Employees Retirement System’s holdings in Electronic Arts were worth $355,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Electronic Arts by 9.4% during the fourth quarter. Brighton Jones LLC now owns 3,420 shares of the game software company’s stock worth $500,000 after buying an additional 294 shares during the last quarter. Empowered Funds LLC boosted its stake in Electronic Arts by 167.0% in the first quarter. Empowered Funds LLC now owns 19,306 shares of the game software company’s stock valued at $2,790,000 after acquiring an additional 12,076 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Electronic Arts by 150.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 316 shares of the game software company’s stock worth $46,000 after acquiring an additional 190 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Electronic Arts during the 2nd quarter worth $252,000. Finally, Allworth Financial LP raised its position in shares of Electronic Arts by 72.3% during the 2nd quarter. Allworth Financial LP now owns 2,014 shares of the game software company’s stock valued at $322,000 after acquiring an additional 845 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,200 shares of Electronic Arts stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $200.63, for a total transaction of $240,756.00. Following the transaction, the insider directly owned 31,160 shares in the company, valued at approximately $6,251,630.80. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laura Miele sold 2,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.53, for a total value of $498,825.00. Following the completion of the transaction, the insider directly owned 48,343 shares of the company’s stock, valued at approximately $9,645,878.79. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,600 shares of company stock worth $5,589,823. 0.24% of the stock is owned by corporate insiders.

Electronic Arts Trading Up 0.1%

EA opened at $199.24 on Friday. The firm’s fifty day moving average is $201.93 and its two-hundred day moving average is $197.09. The firm has a market cap of $49.86 billion, a PE ratio of 74.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.75. Electronic Arts Inc. has a twelve month low of $131.15 and a twelve month high of $204.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93.

Electronic Arts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

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

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.