Public Sector Pension investment Board decreased its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 49.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,100 shares of the company’s stock after selling 78,300 shares during the quarter. Public Sector Pension investment Board’s holdings in Activision Blizzard were worth $4,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allen Investment Management LLC bought a new position in Activision Blizzard in the 2nd quarter valued at about $2,095,000. DnB Asset Management AS lifted its position in Activision Blizzard by 10.6% in the 2nd quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after acquiring an additional 7,700 shares in the last quarter. Pacad Investment Ltd. lifted its position in Activision Blizzard by 131.0% in the 2nd quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after acquiring an additional 67,742 shares in the last quarter. Brighton Jones LLC bought a new position in Activision Blizzard in the 2nd quarter valued at about $508,000. Finally, Norinchukin Bank The lifted its position in Activision Blizzard by 7.1% in the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after acquiring an additional 3,170 shares in the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.

ATVI has been the topic of several recent research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Morgan Stanley reissued an “overweight” rating and set a $67.00 target price on shares of Activision Blizzard in a research report on Saturday, July 22nd. Finally, Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.23.

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Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 63.90 on Friday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The company has a market capitalization of $48.24 billion, a P/E ratio of 43.15 and a beta of 1.08. The firm has a 50-day moving average of $63.45 and a 200 day moving average of $57.13.

In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of Activision Blizzard stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the transaction, the insider now directly owns 337,534 shares of the company’s stock, valued at approximately $20,481,563.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The disclosure for this sale can be found here. Insiders sold a total of 4,074,879 shares of company stock valued at $252,196,001 over the last three months. Corporate insiders own 2.12% of the company’s stock.

About Activision Blizzard

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.

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

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