California State Teachers Retirement System Has $77.98 Million Holdings in Electronic Arts Inc. $EA

California State Teachers Retirement System decreased its position in Electronic Arts Inc. (NASDAQ:EA) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 382,501 shares of the game software company’s stock after selling 7,379 shares during the period. California State Teachers Retirement System’s holdings in Electronic Arts were worth $77,980,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EA. Royal Bank of Canada grew its holdings in shares of Electronic Arts by 11.3% during the first quarter. Royal Bank of Canada now owns 307,635 shares of the game software company’s stock worth $62,717,000 after buying an additional 31,151 shares in the last quarter. Empowered Funds LLC boosted its position in Electronic Arts by 150.9% during the 1st quarter. Empowered Funds LLC now owns 39,060 shares of the game software company’s stock worth $7,963,000 after acquiring an additional 23,495 shares during the last quarter. Empyrean Capital Partners LP bought a new position in shares of Electronic Arts during the 1st quarter worth approximately $46,278,000. Quantinno Capital Management LP grew its stake in shares of Electronic Arts by 97.1% during the 1st quarter. Quantinno Capital Management LP now owns 289,147 shares of the game software company’s stock worth $58,948,000 after acquiring an additional 142,479 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Electronic Arts by 13.4% in the first quarter. Polar Asset Management Partners Inc. now owns 323,078 shares of the game software company’s stock valued at $65,866,000 after purchasing an additional 38,258 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

Electronic Arts Stock Up 0.0%

NASDAQ:EA opened at $208.91 on Thursday. The firm has a market capitalization of $52.38 billion, a price-to-earnings ratio of 59.86, a price-to-earnings-growth ratio of 2.34 and a beta of 0.64. Electronic Arts Inc. has a twelve month low of $150.87 and a twelve month high of $209.41. The stock’s 50 day moving average price is $204.70 and its two-hundred day moving average price is $202.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.22.

Electronic Arts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, May 27th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.76 annualized dividend and a dividend yield of 0.4%. Electronic Arts’s dividend payout ratio (DPR) is currently 21.78%.

Analyst Ratings Changes

A number of analysts have recently commented on EA shares. Citigroup boosted their price objective on shares of Electronic Arts from $202.00 to $204.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Electronic Arts to a “hold” rating in a research report on Saturday, June 6th. Argus lowered shares of Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Electronic Arts from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Electronic Arts from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Electronic Arts currently has an average rating of “Hold” and an average target price of $201.42.

Insiders Place Their Bets

In other Electronic Arts news, EVP Jacob J. Schatz sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $201.19, for a total transaction of $1,005,950.00. Following the sale, the executive vice president directly owned 42,287 shares of the company’s stock, valued at approximately $8,507,721.53. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew Wilson sold 5,066 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.66, for a total transaction of $1,021,609.56. Following the completion of the sale, the chief executive officer owned 85,974 shares of the company’s stock, valued at approximately $17,337,516.84. This represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 31,206 shares of company stock valued at $6,292,058 in the last ninety days. 0.24% of the stock is currently owned by insiders.

Electronic Arts Profile

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.