Teacher Retirement System of Texas raised its stake in Electronic Arts Inc. (NASDAQ:EA) by 433.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,473 shares of the game software company’s stock after buying an additional 262,046 shares during the period. Teacher Retirement System of Texas’ holdings in Electronic Arts were worth $34,092,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Foundry Partners LLC increased its stake in Electronic Arts by 17.9% in the first quarter. Foundry Partners LLC now owns 13,944 shares of the game software company’s stock valued at $1,248,000 after buying an additional 2,116 shares in the last quarter. Raymond James Trust N.A. increased its stake in Electronic Arts by 18.8% in the first quarter. Raymond James Trust N.A. now owns 3,708 shares of the game software company’s stock valued at $332,000 after buying an additional 588 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Electronic Arts by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 95,345 shares of the game software company’s stock valued at $8,535,000 after buying an additional 1,300 shares in the last quarter. Bank of Montreal Can increased its stake in Electronic Arts by 3.8% in the first quarter. Bank of Montreal Can now owns 373,561 shares of the game software company’s stock valued at $33,441,000 after buying an additional 13,771 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its stake in Electronic Arts by 178.8% in the first quarter. Fox Run Management L.L.C. now owns 9,200 shares of the game software company’s stock valued at $824,000 after buying an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 98.02% of the company’s stock.

Shares of Electronic Arts Inc. (NASDAQ EA) opened at 113.99 on Friday. The company has a market cap of $35.19 billion, a price-to-earnings ratio of 30.52 and a beta of 0.72. Electronic Arts Inc. has a 1-year low of $73.74 and a 1-year high of $120.25. The stock has a 50 day moving average of $112.06 and a 200 day moving average of $99.21.

Electronic Arts (NASDAQ:EA) last announced its quarterly earnings results on Thursday, July 27th. The game software company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.22. Electronic Arts had a return on equity of 29.77% and a net margin of 23.31%. The company had revenue of $775 million during the quarter, compared to analyst estimates of $768.47 million. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts predict that Electronic Arts Inc. will post $4.24 EPS for the current year.

Electronic Arts declared that its board has initiated a share repurchase program on Tuesday, May 9th that permits the company to repurchase $1.20 billion in shares. This repurchase authorization permits the game software company to reacquire up to 45% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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Several equities research analysts recently commented on EA shares. BMO Capital Markets reiterated a “hold” rating and set a $80.00 target price on shares of Electronic Arts in a research report on Thursday, April 13th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $94.00 target price on shares of Electronic Arts in a research report on Thursday, April 20th. Vetr downgraded shares of Electronic Arts from a “buy” rating to a “hold” rating and set a $94.20 target price on the stock. in a research report on Thursday, April 20th. Zacks Investment Research downgraded shares of Electronic Arts from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Finally, Cowen and Company lifted their target price on shares of Electronic Arts from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 25th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $115.19.

In other Electronic Arts news, CEO Andrew Wilson sold 10,965 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $108.00, for a total value of $1,184,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joel Linzner sold 4,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $116.96, for a total value of $467,840.00. Following the completion of the transaction, the executive vice president now owns 18,089 shares of the company’s stock, valued at approximately $2,115,689.44. The disclosure for this sale can be found here. Insiders sold 336,915 shares of company stock valued at $37,032,377 in the last ninety days. 2.55% of the stock is currently owned by insiders.

About Electronic Arts

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.

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

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