Alecta Pensionsforsakring Omsesidigt purchased a new position in Activision (NASDAQ:ATVI) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,400,000 shares of the company’s stock, valued at approximately $94,402,000. Activision accounts for approximately 0.8% of Alecta Pensionsforsakring Omsesidigt’s investment portfolio, making the stock its 28th largest position. Alecta Pensionsforsakring Omsesidigt owned 0.18% of Activision as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gofen & Glossberg LLC IL acquired a new position in shares of Activision during the 4th quarter valued at $672,000. Bank of Montreal Can lifted its position in shares of Activision by 50.1% during the 4th quarter. Bank of Montreal Can now owns 1,437,600 shares of the company’s stock valued at $91,029,000 after acquiring an additional 479,713 shares during the period. National Pension Service lifted its position in shares of Activision by 17.2% during the 4th quarter. National Pension Service now owns 681,517 shares of the company’s stock valued at $43,154,000 after acquiring an additional 100,112 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in shares of Activision during the 4th quarter valued at $169,547,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Activision during the 4th quarter valued at $731,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
ATVI has been the topic of a number of research reports. KeyCorp set a $83.00 target price on shares of Activision and gave the company a “buy” rating in a research report on Wednesday, April 4th. SunTrust Banks set a $77.00 target price on shares of Activision and gave the company a “buy” rating in a research report on Wednesday, January 24th. Vetr upgraded shares of Activision from a “buy” rating to a “strong-buy” rating and set a $83.78 target price on the stock in a research report on Thursday, March 15th. Argus boosted their target price on shares of Activision from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Bank of America boosted their target price on shares of Activision from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $75.41.
Activision (NASDAQ:ATVI) last posted its earnings results on Thursday, May 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Activision had a net margin of 4.78% and a return on equity of 17.91%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business posted $0.56 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. analysts forecast that Activision will post 2.5 earnings per share for the current fiscal year.
In related news, Director Brian G. Kelly sold 1,700,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $70.65, for a total transaction of $120,105,000.00. Following the completion of the transaction, the director now owns 69,474 shares in the company, valued at $4,908,338.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dennis M. Durkin sold 21,488 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $77.18, for a total transaction of $1,658,443.84. Following the transaction, the insider now owns 151,314 shares of the company’s stock, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,613,258 shares of company stock valued at $185,577,654. Company insiders own 2.12% of the company’s stock.
Activision Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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