Activision Blizzard, Inc (ATVI) Shares Bought by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC increased its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 185.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,910 shares of the company’s stock after buying an additional 50,610 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Activision Blizzard were worth $5,026,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Cornerstone Advisors Inc. boosted its holdings in 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. bought a new stake in Activision Blizzard in the 2nd quarter valued at about $142,000. Huntington National Bank boosted its holdings in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the period. Finally, Phocas Financial Corp. bought a new stake in Activision Blizzard in the 2nd quarter valued at about $173,000. 86.27% of the stock is owned by institutional investors and hedge funds.

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

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A number of analysts have issued reports on the stock. BMO Capital Markets reissued a “hold” rating and issued a $62.00 price objective on shares of Activision Blizzard in a report on Thursday. Piper Jaffray Companies reissued an “overweight” rating and issued a $65.00 price objective on shares of Activision Blizzard in a report on Tuesday, July 18th. Argus reissued a “buy” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Activision Blizzard in a report on Wednesday, August 16th. BidaskClub downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Vetr downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 price objective for the company. in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $67.91.

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

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