DekaBank Deutsche Girozentrale cut its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 512,943 shares of the company’s stock after selling 3,980 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Activision Blizzard were worth $29,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 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. purchased 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. purchased a new position in shares of Activision Blizzard during the first quarter worth about $202,000. Institutional investors own 87.37% of the company’s stock.

Activision Blizzard, Inc (ATVI) opened at 60.21 on Friday. The company’s 50 day moving average is $60.31 and its 200 day moving average is $52.86. The stock has a market cap of $45.45 billion, a P/E ratio of 40.65 and a beta of 1.07. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $64.06.

ILLEGAL ACTIVITY WARNING: “DekaBank Deutsche Girozentrale Sells 3,980 Shares of Activision Blizzard, Inc (ATVI)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.watchlistnews.com/dekabank-deutsche-girozentrale-sells-3980-shares-of-activision-blizzard-inc-atvi/1474671.html.

A number of brokerages have recently issued reports on ATVI. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 price target on the stock in a research note on Tuesday, May 2nd. CIBC reiterated an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, June 22nd. BidaskClub lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Robert W. Baird reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Monday, July 3rd. Finally, UBS AG reiterated a “buy” rating and set a $60.00 price target (up from $57.00) on shares of Activision Blizzard in a research note on Friday, May 5th. One investment 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 given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.36.

In other news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the transaction, the insider now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. Insiders sold a total of 3,914,879 shares of company stock worth $242,371,204 in the last ninety days. 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.

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).

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.