BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 21.8% during the second quarter, Holdings Channel reports. The firm owned 273,731 shares of the company’s stock after buying an additional 49,078 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Activision Blizzard were worth $15,759,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares during the period. Jennison Associates LLC increased its position in shares of Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares during the period. Egerton Capital UK LLP increased its position in shares of Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares during the period. Caxton Associates LP purchased a new position in shares of Activision Blizzard during the first quarter valued at approximately $149,610,000. Finally, Iridian Asset Management LLC CT purchased a new position in shares of Activision Blizzard during the first quarter valued at approximately $148,547,000. Hedge funds and other institutional investors own 87.39% of the company’s stock.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 61.89 on Tuesday. The firm has a 50-day moving average of $60.34 and a 200-day moving average of $53.38. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The firm has a market capitalization of $46.72 billion, a price-to-earnings ratio of 41.79 and a beta of 1.07.

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ATVI has been the topic of several recent analyst reports. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 target price on the stock in a report on Monday, April 17th. Credit Suisse Group reiterated an “outperform” rating and issued a $62.00 target price (up previously from $61.00) on shares of Activision Blizzard in a report on Friday, May 5th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, July 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 target price (up previously from $53.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. Finally, Benchmark Co. reiterated a “buy” rating and issued a $57.88 target price (up previously from $53.96) on shares of Activision Blizzard in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.36.

In other news, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 189,791 shares in the company, valued at approximately $11,753,756.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the firm’s 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 owns 55,509 shares in the company, valued at $3,077,974.05. The disclosure for this sale can be found here. Insiders have sold 3,914,879 shares of company stock worth $242,371,204 over the last quarter. Corporate insiders own 2.12% of the company’s stock.

Activision Blizzard Company Profile

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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