Bahl & Gaynor Inc. maintained its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,195 shares of the company’s stock at the end of the second quarter. Bahl & Gaynor Inc.’s holdings in Activision Blizzard were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ATVI. BlackRock Inc. raised its stake in Activision Blizzard by 3,032.9% during the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock worth $2,438,753,000 after acquiring an additional 47,350,818 shares in the last quarter. Jennison Associates LLC raised its stake in Activision Blizzard by 82.6% during the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares in the last quarter. Egerton Capital UK LLP raised its stake in Activision Blizzard by 225.7% during the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock worth $609,240,000 after acquiring an additional 8,467,902 shares in the last quarter. Caxton Associates LP acquired a new position in Activision Blizzard during the first quarter worth $149,610,000. Finally, Iridian Asset Management LLC CT acquired a new position in Activision Blizzard during the first quarter worth $148,547,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 64.20 on Tuesday. The firm’s 50-day moving average price is $63.38 and its 200-day moving average price is $57.00. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $66.58. The company has a market cap of $48.47 billion, a PE ratio of 43.35 and a beta of 1.08.

Several research analysts have issued reports on ATVI shares. BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 28th. Vetr lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $64.63 price objective for the company. in a research note on Wednesday, June 14th. Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price objective on shares of Activision Blizzard in a research note on Thursday, June 8th. Benchmark Co. increased their price objective on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Finally, Argus increased their price objective on Activision Blizzard from $53.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and an average target price of $62.87.

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In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now owns 48,472 shares in the company, valued at approximately $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 worth $252,196,001 in the last quarter. Corporate insiders own 2.12% of the company’s stock.

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

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