Scout Investments Inc. decreased its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 69.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,428 shares of the company’s stock after selling 270,354 shares during the period. Scout Investments Inc.’s holdings in Activision Blizzard were worth $6,760,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ATVI. DnB Asset Management AS raised its stake in Activision Blizzard by 10.6% in the second quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after buying an additional 7,700 shares during the last quarter. Allen Investment Management LLC bought a new position in shares of Activision Blizzard during the second quarter worth about $2,095,000. National Pension Service increased its position in shares of Activision Blizzard by 9.9% in the second quarter. National Pension Service now owns 557,658 shares of the company’s stock worth $32,110,000 after buying an additional 50,461 shares during the period. Pillar Pacific Capital Management LLC increased its position in shares of Activision Blizzard by 5.3% in the second quarter. Pillar Pacific Capital Management LLC now owns 27,300 shares of the company’s stock worth $1,572,000 after buying an additional 1,385 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of Activision Blizzard by 3.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 25,239 shares of the company’s stock worth $1,453,000 after buying an additional 861 shares during the period. 86.33% of the stock is owned by hedge funds and other institutional investors.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 65.12 on Friday. The company has a 50 day moving average price of $62.23 and a 200-day moving average price of $55.44. The firm has a market capitalization of $49.16 billion, a PE ratio of 43.97 and a beta of 1.08. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $66.58.

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A number of research analysts recently issued reports on ATVI shares. Stifel Nicolaus boosted their price objective on Activision Blizzard from $59.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, May 8th. Vetr downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $59.65 price objective for the company. in a research note on Monday, May 8th. Wedbush set a $63.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research note on Saturday, May 6th. UBS AG reiterated a “buy” rating and set a $60.00 price objective (up from $57.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Finally, Argus boosted their price objective on Activision Blizzard from $53.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, one has 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 a consensus rating of “Buy” and a consensus price target of $62.34.

In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the transaction, the director now directly owns 189,791 shares in the company, valued at $11,850,550.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dennis M. Durkin sold 160,000 shares of Activision Blizzard stock in a transaction that occurred 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 owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by 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.

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

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