California State Teachers Retirement System Has $15.32 Billion Holdings in Electronic Arts Inc. $EA

by · The Cerbat Gem

California State Teachers Retirement System lifted its position in Electronic Arts Inc. (NASDAQ:EA – Free Report) by 19,439.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,736,875 shares of the game software company’s stock after acquiring an additional 74,354,374 shares during the quarter. California State Teachers Retirement System owned approximately 29.61% of Electronic Arts worth $15,324,049,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EA. Jones Financial Companies Lllp purchased a new stake in shares of Electronic Arts in the second quarter valued at $25,000. Ascentis Independent Advisors acquired a new stake in shares of Electronic Arts in the first quarter worth $27,000. Torren Management LLC grew its holdings in shares of Electronic Arts by 235.0% during the second quarter. Torren Management LLC now owns 134 shares of the game software company’s stock valued at $27,000 after buying an additional 94 shares in the last quarter. MV Capital Management Inc. purchased a new position in shares of Electronic Arts during the fourth quarter valued at $28,000. Finally, Meeder Asset Management Inc. acquired a new position in Electronic Arts during the second quarter valued at $31,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Stock Performance

Shares of EA stock opened at $209.70 on Tuesday. Electronic Arts Inc. has a fifty-two week low of $159.10 and a fifty-two week high of $210.20. The stock’s 50-day moving average is $208.61 and its two-hundred day moving average is $204.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.21 and a quick ratio of 1.05. The firm has a market cap of $52.93 billion, a P/E ratio of 49.23 and a beta of 0.64.

Electronic Arts (NASDAQ:EA – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The game software company reported $1.58 earnings per share (EPS) for the quarter. The business had revenue of $1.99 billion during the quarter. Electronic Arts had a return on equity of 22.45% and a net margin of 13.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Argus downgraded Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research lowered shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Electronic Arts to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $206.50.

Get Our Latest Stock Analysis on Electronic Arts

Insider Buying and Selling at Electronic Arts

In other Electronic Arts news, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $203.12, for a total value of $1,015,600.00. Following the completion of the sale, the chief executive officer directly owned 80,974 shares in the company, valued at $16,447,438.88. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Laura Miele sold 2,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $203.10, for a total transaction of $507,750.00. Following the transaction, the insider owned 73,513 shares in the company, valued at approximately $14,930,490.30. This trade represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,700 shares of company stock worth $1,766,950 over the last ninety days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Company Profile

(Free Report)

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.

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