Teacher Retirement System of Texas raised its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 2,058.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 388,221 shares of the company’s stock after buying an additional 370,233 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Activision Blizzard worth $22,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Granite Investment Partners LLC boosted its position in shares of Activision Blizzard by 6.6% in the first quarter. Granite Investment Partners LLC now owns 171,868 shares of the company’s stock worth $8,569,000 after buying an additional 10,695 shares during the period. DnB Asset Management AS boosted its position in shares of Activision Blizzard by 10.6% in the second quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock worth $4,643,000 after buying an additional 7,700 shares during the period. Scout Investments Inc. boosted its position in shares of Activision Blizzard by 143.6% in the first quarter. Scout Investments Inc. now owns 614,690 shares of the company’s stock worth $20,801,000 after buying an additional 362,384 shares during the period. National Pension Service boosted 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. Finally, Polaris Greystone Financial Group LLC boosted its position in shares of Activision Blizzard by 3.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 19,296 shares of the company’s stock worth $962,000 after buying an additional 706 shares during the period. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.74 on Friday. The firm’s 50-day moving average is $60.30 and its 200 day moving average is $53.02. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $64.06. The company has a market cap of $45.85 billion, a price-to-earnings ratio of 41.01 and a beta of 1.07.

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ATVI has been the topic of a number of recent research reports. MKM Partners reaffirmed a “neutral” rating and set a $48.00 price target (up from $44.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price target on the stock in a research report on Thursday, June 8th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $60.00 price target (up from $53.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Pacific Crest reaffirmed an “overweight” rating and set a $60.00 price target on shares of Activision Blizzard in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $59.00 price target (up from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $62.36.

In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the firm’s 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 completion of the transaction, the insider now directly owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 98,879 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the completion of the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at $11,742,369.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,914,879 shares of company stock valued at $242,371,204. 2.12% of the stock is owned by company insiders.

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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