Victory Capital Management Inc. boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 13.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072,683 shares of the company’s stock after buying an additional 123,439 shares during the period. Victory Capital Management Inc. owned approximately 0.14% of Activision Blizzard worth $61,755,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DnB Asset Management AS increased 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 last quarter. Scout Investments Inc. increased 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 62.58 on Friday. The stock has a 50 day moving average price of $61.49 and a 200 day moving average price of $54.65. The firm has a market cap of $47.24 billion, a price-to-earnings ratio of 42.26 and a beta of 1.07. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $64.48.

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A number of research analysts recently commented on the company. Vetr upgraded Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 price objective for the company in a research note on Tuesday, May 2nd. CIBC restated an “outperform” rating and set a $70.00 price objective (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, June 22nd. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Robert W. Baird restated an “outperform” rating on shares of Activision Blizzard in a research note on Monday, July 3rd. Finally, UBS AG restated 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. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $62.56.

In related news, insider Dennis M. Durkin sold 160,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now directly owns 337,534 shares in the company, valued at $20,481,563.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock valued at $252,196,001 over the last 90 days. 2.12% of the stock is currently owned by company 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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