Intrust Bank NA acquired a new stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,476 shares of the company’s stock, valued at approximately $342,000.

A number of other hedge funds also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its stake in shares of Activision Blizzard by 16.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock valued at $345,000 after buying an additional 634 shares during the last quarter. Wetherby Asset Management Inc. grew its stake in shares of Activision Blizzard by 7.8% during the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock valued at $716,000 after buying an additional 680 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Activision Blizzard by 2.4% during the first quarter. Thrivent Financial for Lutherans now owns 31,554 shares of the company’s stock valued at $2,129,000 after buying an additional 729 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of Activision Blizzard by 13.5% during the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock valued at $471,000 after buying an additional 732 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its stake in shares of Activision Blizzard by 0.3% during the second quarter. Peregrine Capital Management LLC now owns 243,301 shares of the company’s stock valued at $18,569,000 after buying an additional 735 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

Shares of NASDAQ:ATVI opened at $69.15 on Monday. Activision Blizzard, Inc. has a 52-week low of $57.29 and a 52-week high of $81.64. The company has a market capitalization of $53.83 billion, a P/E ratio of 33.73, a PEG ratio of 1.86 and a beta of 0.97. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.42.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. equities research analysts predict that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal year.

A number of research analysts have recently commented on ATVI shares. Needham & Company LLC upped their target price on Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. BidaskClub cut Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Wedbush set a $81.00 target price on Activision Blizzard and gave the company a “buy” rating in a research note on Thursday, July 26th. Piper Jaffray Companies upped their target price on Activision Blizzard to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, July 25th. Finally, Morgan Stanley upped their target price on Activision Blizzard from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Wednesday, July 11th. Eight equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $78.51.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

Read More: Asset Allocation, Balancing Your Investments

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

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.