California State Teachers Retirement System decreased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 504,219 shares of the game software company’s stock after selling 49,162 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Electronic Arts worth $59,528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ProVise Management Group LLC grew its position in Electronic Arts by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 4,324 shares of the game software company’s stock valued at $458,000 after purchasing an additional 36 shares during the period. Veritable L.P. grew its position in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after purchasing an additional 113 shares during the period. Great Lakes Advisors LLC grew its position in Electronic Arts by 3.3% in the 2nd quarter. Great Lakes Advisors LLC now owns 3,554 shares of the game software company’s stock valued at $376,000 after purchasing an additional 115 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Electronic Arts by 0.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,033 shares of the game software company’s stock valued at $2,435,000 after purchasing an additional 166 shares during the period. Finally, Pegasus Partners Ltd. grew its position in Electronic Arts by 2.3% in the 2nd quarter. Pegasus Partners Ltd. now owns 11,447 shares of the game software company’s stock valued at $1,210,000 after purchasing an additional 254 shares during the period. 93.78% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on EA. Morgan Stanley reaffirmed an “overweight” rating and set a $128.00 price objective (up from $126.00) on shares of Electronic Arts in a report on Monday, October 2nd. Barclays began coverage on shares of Electronic Arts in a report on Wednesday, October 4th. They set an “overweight” rating and a $129.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and set a $134.00 price objective on shares of Electronic Arts in a report on Friday, August 25th. Buckingham Research began coverage on shares of Electronic Arts in a report on Wednesday, September 20th. They set a “buy” rating and a $143.00 price objective on the stock. Finally, SunTrust Banks began coverage on shares of Electronic Arts in a report on Tuesday, October 10th. They set a “buy” rating and a $133.00 price objective on the stock. Five analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.26.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at $105.54 on Thursday. Electronic Arts Inc. has a 52-week low of $77.94 and a 52-week high of $122.79. The firm has a market capitalization of $32,580.00, a PE ratio of 27.74, a PEG ratio of 1.77 and a beta of 0.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.23.

In other news, CEO Andrew Wilson sold 10,058 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $118.04, for a total transaction of $1,187,246.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jacob J. Schatz sold 1,000 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $120.77, for a total value of $120,770.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,674 shares of company stock worth $7,551,251. Company insiders own 2.55% of the company’s stock.

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Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.

Institutional Ownership by Quarter for Electronic Arts (NASDAQ:EA)

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