Activision Blizzard, Inc. (ATVI) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 30.9% during the first quarter, Holdings Channel reports. The firm owned 51,309 shares of the company’s stock after buying an additional 12,113 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Activision Blizzard were worth $2,558,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. TIAA CREF Trust Co. FSB MO boosted its stake in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock valued at $606,000 after buying an additional 90 shares in the last quarter. Bbva Compass Bancshares Inc. boosted its stake in Activision Blizzard by 0.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 51,579 shares of the company’s stock valued at $2,572,000 after buying an additional 131 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Activision Blizzard by 2.1% in the first quarter. Quadrant Capital Group LLC now owns 6,750 shares of the company’s stock valued at $327,000 after buying an additional 138 shares in the last quarter. Conning Inc. boosted its stake in Activision Blizzard by 1.6% in the first quarter. Conning Inc. now owns 15,230 shares of the company’s stock valued at $759,000 after buying an additional 240 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in Activision Blizzard by 3.8% in the first quarter. Mosaic Family Wealth LLC now owns 7,800 shares of the company’s stock valued at $389,000 after buying an additional 287 shares in the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

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

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded up 1.32% during trading on Friday, hitting $55.88. The company had a trading volume of 6,031,749 shares. The company’s 50 day moving average is $51.75 and its 200 day moving average is $44.02. Activision Blizzard, Inc. has a 1-year low of $35.12 and a 1-year high of $57.30. The firm has a market capitalization of $42.11 billion, a P/E ratio of 41.00 and a beta of 1.03.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.11. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Activision Blizzard had a return on equity of 16.70% and a net margin of 13.86%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Analysts anticipate that Activision Blizzard, Inc. will post $1.99 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on the stock. Wedbush set a $63.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $59.65 target price for the company. in a report on Monday, May 8th. Oppenheimer Holdings Inc. increased their target price on shares of Activision Blizzard from $53.00 to $60.00 and gave the stock an “outperform” rating in a report on Monday. Credit Suisse Group AG increased their target price on shares of Activision Blizzard from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a report on Wednesday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.37.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total value of $1,095,747.45. Following the sale, the chief executive officer now directly owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian G. Kelly sold 420,063 shares of the stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $49.90, for a total value of $20,961,143.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 459,585 shares of company stock worth $22,954,238. 25.23% of the stock is 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.

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