Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,372 shares of the company’s stock after buying an additional 1,594 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Activision Blizzard were worth $7,607,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ATVI. Flossbach Von Storch AG boosted its stake in shares of Activision Blizzard by 85.6% during the fourth quarter. Flossbach Von Storch AG now owns 11,427,722 shares of the company’s stock valued at $874,792,000 after purchasing an additional 5,270,426 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Activision Blizzard during the first quarter valued at approximately $281,635,000. Assenagon Asset Management S.A. lifted its position in Activision Blizzard by 898.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,521,277 shares of the company’s stock valued at $269,554,000 after acquiring an additional 3,168,462 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Activision Blizzard by 81.1% during the third quarter. UBS Asset Management Americas Inc. now owns 6,493,127 shares of the company’s stock valued at $482,699,000 after acquiring an additional 2,906,994 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in Activision Blizzard by 11,479.0% during the fourth quarter. Bank of Nova Scotia now owns 1,965,774 shares of the company’s stock valued at $150,480,000 after acquiring an additional 1,948,797 shares during the last quarter. 79.34% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ATVI has been the subject of a number of analyst reports. BNP Paribas raised shares of Activision Blizzard from a “neutral” rating to an “outperform” rating in a research report on Friday, April 28th. Citigroup raised their price target on shares of Activision Blizzard from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Sunday, March 26th. Benchmark reiterated a “buy” rating and issued a $90.00 price objective on shares of Activision Blizzard in a research note on Friday, March 10th. Stifel Nicolaus dropped their price target on shares of Activision Blizzard from $95.00 to $88.00 in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets raised their price target on shares of Activision Blizzard from $95.00 to $100.00 in a research report on Thursday, April 27th. Sixteen investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $91.53.
Insider Transactions at Activision Blizzard
Activision Blizzard Stock Performance
NASDAQ:ATVI opened at $77.14 on Friday. The company’s 50-day moving average price is $81.09 and its 200-day moving average price is $77.79. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.18. The company has a market cap of $60.50 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.33 and a beta of 0.42. Activision Blizzard, Inc. has a twelve month low of $70.94 and a twelve month high of $87.01.
Activision Blizzard Company Profile
Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.
- Get a free copy of the StockNews.com research report on Activision Blizzard (ATVI)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.