Public Employees Retirement Association of Colorado raised its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 138,414 shares of the company’s stock after acquiring an additional 1,954 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Activision Blizzard were worth $6,533,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATVI. Geode Capital Management LLC grew its holdings in shares of Activision Blizzard by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 9,116,102 shares of the company’s stock worth $423,741,000 after purchasing an additional 626,387 shares in the last quarter. Swedbank grew its holdings in shares of Activision Blizzard by 21.5% during the 1st quarter. Swedbank now owns 6,007,179 shares of the company’s stock worth $273,507,000 after purchasing an additional 1,063,547 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Activision Blizzard by 4.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 5,063,920 shares of the company’s stock worth $230,560,000 after purchasing an additional 222,722 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Activision Blizzard by 10.0% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,950,000 shares of the company’s stock worth $233,640,000 after purchasing an additional 450,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Activision Blizzard by 5.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,902,506 shares of the company’s stock worth $136,998,000 after purchasing an additional 159,847 shares in the last quarter. 86.34% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on ATVI. Piper Jaffray Companies reissued an “overweight” rating and set a $55.00 price objective (up previously from $52.00) on shares of Activision Blizzard in a report on Friday, August 9th. BidaskClub lowered Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday. Stephens lowered Activision Blizzard from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $57.00 to $52.00 in a report on Wednesday, May 22nd. Nomura began coverage on Activision Blizzard in a report on Thursday, June 6th. They set a “neutral” rating and a $49.00 price objective on the stock. Finally, William Blair reissued an “outperform” rating on shares of Activision Blizzard in a report on Friday, May 3rd. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.68.
Shares of ATVI stock opened at $46.11 on Friday. The stock’s fifty day simple moving average is $47.38 and its 200 day simple moving average is $45.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 2.61. The firm has a market cap of $36.92 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.90 and a beta of 0.90. Activision Blizzard, Inc. has a one year low of $39.85 and a one year high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. Activision Blizzard’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, research analysts anticipate that Activision Blizzard, Inc. will post 2.01 earnings per share for the current year.
Activision Blizzard 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. It 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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