Electronic Arts Inc. (EA) Position Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Electronic Arts Inc. (NASDAQ:EA) by 4.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 500,332 shares of the game software company’s stock after selling 20,912 shares during the quarter. New York State Teachers Retirement System owned approximately 0.16% of Electronic Arts worth $70,557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in EA. Global X Management Co. LLC raised its holdings in Electronic Arts by 175.5% in the first quarter. Global X Management Co. LLC now owns 10,386 shares of the game software company’s stock worth $1,259,000 after purchasing an additional 6,616 shares in the last quarter. FDx Advisors Inc. raised its holdings in Electronic Arts by 33.9% in the first quarter. FDx Advisors Inc. now owns 16,288 shares of the game software company’s stock worth $1,975,000 after purchasing an additional 4,128 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Electronic Arts by 11.8% in the first quarter. Daiwa Securities Group Inc. now owns 25,042 shares of the game software company’s stock worth $3,036,000 after purchasing an additional 2,644 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in Electronic Arts by 51.9% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 22,459 shares of the game software company’s stock worth $2,669,000 after purchasing an additional 7,674 shares in the last quarter. Finally, D.B. Root & Company LLC bought a new position in Electronic Arts in the first quarter worth $709,000. Institutional investors own 93.27% of the company’s stock.

Shares of Electronic Arts traded down $0.55, hitting $126.93, during trading on Thursday, Marketbeat.com reports. 34,519 shares of the company’s stock traded hands, compared to its average volume of 3,313,730. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.84 and a quick ratio of 2.41. Electronic Arts Inc. has a 1 year low of $99.63 and a 1 year high of $151.26. The stock has a market capitalization of $39.44 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Electronic Arts (NASDAQ:EA) last released its quarterly earnings data on Tuesday, May 8th. The game software company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.99 by $0.14. Electronic Arts had a return on equity of 25.31% and a net margin of 14.30%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. sell-side analysts expect that Electronic Arts Inc. will post 4.27 EPS for the current fiscal year.

In related news, insider Patrick Soderlund sold 66,427 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $130.80, for a total transaction of $8,688,651.60. Following the sale, the insider now directly owns 151,198 shares of the company’s stock, valued at $19,776,698.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joel Linzner sold 6,000 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $131.72, for a total value of $790,320.00. Following the sale, the executive vice president now directly owns 18,340 shares in the company, valued at $2,415,744.80. The disclosure for this sale can be found here. Insiders have sold 171,942 shares of company stock worth $23,068,590 over the last ninety days. 2.24% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on the company. Argus upgraded Electronic Arts from a “hold” rating to a “buy” rating in a report on Wednesday. BidaskClub cut Electronic Arts from a “buy” rating to a “hold” rating in a research note on Thursday. Credit Suisse Group increased their target price on Electronic Arts from $143.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 25th. Wedbush reissued an “outperform” rating and issued a $158.00 target price on shares of Electronic Arts in a research note on Tuesday. Finally, Needham & Company LLC increased their target price on Electronic Arts from $135.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, June 22nd. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $147.95.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v.

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

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