Acadian Asset Management LLC acquired a new position in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, Holdings Channel reports. The fund acquired 5,529 shares of the company’s stock, valued at approximately $318,000.

A number of other large investors have also made changes to their positions in ATVI. Abner Herrman & Brock LLC boosted its stake in shares of Activision Blizzard by 8.2% in the first quarter. Abner Herrman & Brock LLC now owns 78,225 shares of the company’s stock worth $3,900,000 after buying an additional 5,920 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Activision Blizzard during the first quarter worth $476,000. Courier Capital LLC acquired a new stake in shares of Activision Blizzard during the first quarter worth $264,000. Quantitative Systematic Strategies LLC boosted its stake in shares of Activision Blizzard by 396.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,411 shares of the company’s stock worth $1,915,000 after buying an additional 30,674 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Activision Blizzard by 121.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,189 shares of the company’s stock worth $1,997,000 after buying an additional 22,000 shares during the period. Institutional investors and hedge funds own 87.39% of the company’s stock.

Activision Blizzard, Inc (NASDAQ ATVI) traded down 0.21% on Tuesday, reaching $61.76. 1,337,385 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $60.34 and a 200 day moving average price of $53.38. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $64.06. The stock has a market cap of $46.62 billion, a price-to-earnings ratio of 41.70 and a beta of 1.07.

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A number of equities research analysts have weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $76.00 in a report on Friday, August 4th. Benchmark Co. upped their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Wedbush upped their price objective on shares of Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Finally, UBS AG upped their price objective on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $62.36.

In other Activision Blizzard news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the insider now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 98,879 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $61.87, for a total transaction of $6,117,643.73. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at $11,742,369.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,914,879 shares of company stock valued at $242,371,204. Company insiders own 2.12% of the company’s stock.

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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