Activision Blizzard, Inc (ATVI) Stake Lessened by APG Asset Management N.V.

APG Asset Management N.V. lessened its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 438,495 shares of the company’s stock after selling 57,250 shares during the quarter. APG Asset Management N.V. owned 0.06% of Activision Blizzard worth $28,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Harwood Advisory Group LLC raised its position in shares of Activision Blizzard by 0.7% in the 2nd quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock worth $304,000 after purchasing an additional 36 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after purchasing an additional 45 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Activision Blizzard by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock worth $513,000 after purchasing an additional 58 shares during the last quarter. Accuvest Global Advisors raised its position in shares of Activision Blizzard by 2.0% in the 2nd quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock worth $562,000 after purchasing an additional 194 shares during the last quarter. Finally, Commerce Bank raised its position in shares of Activision Blizzard by 1.7% in the 2nd quarter. Commerce Bank now owns 11,883 shares of the company’s stock worth $684,000 after purchasing an additional 199 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now directly owns 337,534 shares in the company, valued at $20,481,563.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by corporate insiders.

ATVI has been the subject of several recent analyst reports. Cowen and Company lowered Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research report on Monday, October 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $67.00 price target on shares of Activision Blizzard in a research report on Saturday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $67.91.

Activision Blizzard, Inc (ATVI) opened at 64.14 on Monday. The company’s 50 day moving average price is $63.16 and its 200-day moving average price is $59.70. The company has a market capitalization of $48.42 billion, a P/E ratio of 43.31 and a beta of 1.10. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58.

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Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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