Electronic Arts Inc. $EA Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 31.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,917 shares of the game software company’s stock after acquiring an additional 22,071 shares during the quarter. Teacher Retirement System of Texas’ holdings in Electronic Arts were worth $14,839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EA. Brighton Jones LLC raised its stake in 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 acquiring an additional 294 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Electronic Arts during the first quarter worth about $224,000. Golden State Wealth Management LLC raised its stake in Electronic Arts by 176.8% during the first quarter. Golden State Wealth Management LLC now owns 346 shares of the game software company’s stock worth $50,000 after acquiring an additional 221 shares during the period. Sequoia Financial Advisors LLC raised its stake in Electronic Arts by 2.4% during the first quarter. Sequoia Financial Advisors LLC now owns 7,053 shares of the game software company’s stock worth $1,019,000 after acquiring an additional 163 shares during the period. Finally, Transcend Capital Advisors LLC raised its stake in Electronic Arts by 19.1% during the first quarter. Transcend Capital Advisors LLC now owns 1,635 shares of the game software company’s stock worth $236,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 90.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EA shares. Robert W. Baird restated a “neutral” rating and issued a $210.00 price target (up previously from $170.00) on shares of Electronic Arts in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c)” rating on shares of Electronic Arts in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Electronic Arts from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Citigroup restated a “neutral” rating on shares of Electronic Arts in a research note on Friday, September 26th. Finally, Wall Street Zen lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, twenty-five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $179.38.

Insider Activity

In related news, CFO Stuart Canfield sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $203.40, for a total transaction of $1,322,100.00. Following the completion of the sale, the chief financial officer directly owned 5,140 shares in the company, valued at approximately $1,045,476. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $200.55, for a total transaction of $1,002,750.00. Following the sale, the chief executive officer owned 42,393 shares of the company’s stock, valued at $8,501,916.15. The trade was a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 41,900 shares of company stock valued at $7,748,187 in the last ninety days. 0.24% of the stock is owned by company insiders.

Electronic Arts Trading Down 0.1%

Electronic Arts stock opened at $200.30 on Wednesday. The firm has a 50 day simple moving average of $184.46 and a 200-day simple moving average of $163.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $50.12 billion, a PE ratio of 50.20, a price-to-earnings-growth ratio of 3.05 and a beta of 0.77. Electronic Arts Inc. has a 12-month low of $115.21 and a 12-month high of $203.75.

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.