Arizona State Retirement System Raises Stake in Activision Blizzard, Inc (ATVI)
Arizona State Retirement System increased its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 172,000 shares of the company’s stock after buying an additional 800 shares during the period. Arizona State Retirement System’s holdings in Activision Blizzard were worth $9,902,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in shares of Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard during the second quarter worth about $142,000. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after buying an additional 2,523 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Activision Blizzard during the first quarter worth about $202,000. 87.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Activision Blizzard, Inc (ATVI) opened at 60.21 on Friday. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The firm has a market cap of $45.45 billion, a P/E ratio of 40.65 and a beta of 1.07. The company has a 50-day moving average of $60.31 and a 200 day moving average of $52.86.
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A number of research analysts recently issued reports on ATVI shares. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 price objective for the company in a report on Monday, April 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Activision Blizzard in a report on Tuesday, April 18th. Pacific Crest reiterated an “overweight” rating and issued a $60.00 price objective on shares of Activision Blizzard in a report on Wednesday, April 26th. Benchmark Co. reiterated a “buy” rating and issued a $57.88 price objective (up previously from $53.96) on shares of Activision Blizzard in a report on Monday, May 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $62.36.
In other Activision Blizzard news, Director Brian G. Kelly sold 98,879 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the completion of the transaction, the director now owns 189,791 shares in the company, valued at $11,742,369.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the completion of the transaction, 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 sold 3,914,879 shares of company stock valued at $242,371,204. 2.12% of the stock is owned by corporate insiders.
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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