Bremer Trust National Association bought a new position in Activision Blizzard, Inc (NASDAQ:ATVI) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,259 shares of the company’s stock, valued at approximately $275,000.
Several other institutional investors and hedge funds have also recently modified their holdings of ATVI. Thrivent Financial For Lutherans lifted its holdings in shares of Activision Blizzard by 6.7% in the 1st quarter. Thrivent Financial For Lutherans now owns 25,750 shares of the company’s stock worth $1,279,000 after purchasing an additional 1,610 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Activision Blizzard in the 1st quarter worth $311,000. Credit Suisse AG lifted its holdings in shares of Activision Blizzard by 3.6% in the 1st quarter. Credit Suisse AG now owns 1,240,148 shares of the company’s stock worth $61,834,000 after purchasing an additional 42,802 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Activision Blizzard by 25.6% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,669 shares of the company’s stock worth $432,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Janus Capital Management LLC lifted its holdings in shares of Activision Blizzard by 4.0% in the 1st quarter. Janus Capital Management LLC now owns 18,069,393 shares of the company’s stock worth $900,934,000 after purchasing an additional 691,950 shares in the last quarter. Institutional investors own 86.27% of the company’s stock.
In related news, Director Brian G. Kelly sold 111,239 shares of the company’s stock in a transaction 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 owns 189,791 shares in the company, valued at $11,850,550.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by company insiders.
A number of equities analysts recently issued reports on ATVI shares. Buckingham Research started coverage on Activision Blizzard in a report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price on the stock. in a report on Thursday, August 31st. Benchmark Co. increased their target price on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have issued 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 a consensus rating of “Buy” and an average target price of $67.91.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded down 1.85% during midday trading on Wednesday, reaching $64.28. The company had a trading volume of 1,023,489 shares. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The stock has a market capitalization of $48.53 billion, a PE ratio of 43.40 and a beta of 1.10. The company’s 50-day moving average is $63.15 and its 200-day moving average 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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