California State Teachers Retirement System Has $63.59 Million Holdings in Electronic Arts Inc. (NASDAQ:EA)

California State Teachers Retirement System raised its position in shares of Electronic Arts Inc. (NASDAQ:EA - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 434,672 shares of the game software company's stock after purchasing an additional 11,949 shares during the quarter. California State Teachers Retirement System owned 0.17% of Electronic Arts worth $63,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of EA. Putney Financial Group LLC purchased a new position in shares of Electronic Arts during the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new position in shares of Electronic Arts in the fourth quarter worth about $32,000. LGT Financial Advisors LLC bought a new position in Electronic Arts in the 4th quarter worth approximately $33,000. Millstone Evans Group LLC purchased a new stake in shares of Electronic Arts in the fourth quarter valued at $37,000. Finally, SBI Securities Co. Ltd. bought a new position in Electronic Arts during the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 90.23% of the company's stock.

Insider Activity at Electronic Arts

In related news, EVP Jacob J. Schatz sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $145.65, for a total transaction of $218,475.00. Following the transaction, the executive vice president now directly owns 19,033 shares of the company's stock, valued at approximately $2,772,156.45. The trade was a 7.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Wilson sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $145.37, for a total transaction of $726,850.00. Following the completion of the sale, the chief executive officer now directly owns 27,615 shares of the company's stock, valued at $4,014,392.55. This represents a 15.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,729 shares of company stock valued at $4,107,664. Company insiders own 0.22% of the company's stock.

Electronic Arts Stock Up 0.3%

Shares of NASDAQ:EA traded up $0.38 during trading on Friday, hitting $143.22. The company's stock had a trading volume of 5,544,453 shares, compared to its average volume of 2,746,663. The company has a market capitalization of $35.91 billion, a PE ratio of 36.44, a P/E/G ratio of 3.58 and a beta of 0.74. The business has a 50 day moving average price of $145.65 and a two-hundred day moving average price of $144.46. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $0.76 annualized dividend and a yield of 0.53%. Electronic Arts's payout ratio is currently 17.92%.

Analyst Ratings Changes

EA has been the subject of several recent research reports. Oppenheimer upped their target price on shares of Electronic Arts from $170.00 to $185.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird set a $168.00 price target on shares of Electronic Arts in a report on Wednesday, May 7th. BMO Capital Markets dropped their price objective on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Wedbush upped their target price on shares of Electronic Arts from $179.00 to $210.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Argus set a $170.00 price target on shares of Electronic Arts in a research note on Friday, May 16th. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $161.88.

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.