New York State Teachers Retirement System grew its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,147,706 shares of the company’s stock after purchasing an additional 3,816 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Activision Blizzard worth $74,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ATVI. Cornerstone Advisors Inc. lifted its stake in shares of Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in Activision Blizzard during the 2nd quarter worth approximately $142,000. Huntington National Bank raised its stake in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the period. Finally, Phocas Financial Corp. acquired a new position in Activision Blizzard during the 2nd quarter worth approximately $173,000. 86.27% of the stock is currently owned by institutional investors.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by insiders.
A number of research firms recently weighed in on ATVI. SunTrust Banks, Inc. set a $72.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research note on Sunday. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $59.97 price target on the stock. in a research note on Monday. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research note on Friday, October 27th. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, KeyCorp reaffirmed a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a research note on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.91.
Activision Blizzard, Inc (ATVI) traded down 0.84% during trading on Wednesday, hitting $64.94. The stock had a trading volume of 2,526,205 shares. The company has a market capitalization of $49.02 billion, a P/E ratio of 43.85 and a beta of 1.10. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The stock’s 50-day moving average price is $63.15 and its 200-day moving average price is $60.02.
About Activision Blizzard
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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