New York State Teachers Retirement System increased its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 2.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 417,388 shares of the game software company’s stock after acquiring an additional 10,380 shares during the quarter. New York State Teachers Retirement System’s holdings in Electronic Arts were worth $40,829,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in EA. GYL Financial Synergies LLC raised its position in Electronic Arts by 2.8% in the second quarter. GYL Financial Synergies LLC now owns 4,355 shares of the game software company’s stock valued at $441,000 after purchasing an additional 118 shares during the period. Veritable L.P. grew its stake in shares of Electronic Arts by 1.9% in the second quarter. Veritable L.P. now owns 6,584 shares of the game software company’s stock valued at $667,000 after buying an additional 124 shares in the last quarter. World Asset Management Inc grew its stake in shares of Electronic Arts by 0.8% in the second quarter. World Asset Management Inc now owns 20,659 shares of the game software company’s stock valued at $2,092,000 after buying an additional 154 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Electronic Arts by 2.1% in the second quarter. FDx Advisors Inc. now owns 7,771 shares of the game software company’s stock valued at $787,000 after buying an additional 163 shares in the last quarter. Finally, Dowling & Yahnke LLC grew its stake in shares of Electronic Arts by 3.1% in the second quarter. Dowling & Yahnke LLC now owns 5,678 shares of the game software company’s stock valued at $575,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 92.45% of the company’s stock.
EA opened at $96.31 on Friday. The business has a fifty day moving average price of $94.94 and a 200 day moving average price of $94.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.52 and a quick ratio of 3.52. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 4.45 and a beta of 0.95. Electronic Arts Inc. has a 12 month low of $73.91 and a 12 month high of $108.80.
Electronic Arts (NASDAQ:EA) last posted its quarterly earnings data on Tuesday, July 30th. The game software company reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.10). Electronic Arts had a net margin of 42.75% and a return on equity of 19.63%. The company had revenue of $743.00 million for the quarter, compared to analysts’ expectations of $724.55 million. On average, research analysts anticipate that Electronic Arts Inc. will post 3.73 earnings per share for the current year.
In other Electronic Arts news, CMO Chris Bruzzo sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $100.00, for a total transaction of $600,000.00. Following the transaction, the chief marketing officer now owns 36,771 shares in the company, valued at approximately $3,677,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura Miele sold 785 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $93.25, for a total value of $73,201.25. Following the transaction, the insider now owns 13,077 shares in the company, valued at approximately $1,219,430.25. The disclosure for this sale can be found here. Insiders have sold a total of 58,774 shares of company stock worth $5,609,608 in the last quarter. 2.18% of the stock is currently owned by insiders.
A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on Electronic Arts from $100.00 to $102.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Stifel Nicolaus dropped their price objective on Electronic Arts from $115.00 to $114.00 and set a “buy” rating for the company in a research note on Thursday. Barclays reaffirmed an “equal weight” rating on shares of Electronic Arts in a research note on Tuesday, October 22nd. Atlantic Securities raised Electronic Arts from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 7th. Finally, TheStreet raised Electronic Arts from a “c+” rating to a “b” rating in a research note on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $110.50.
About Electronic Arts
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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