Employees Retirement System of Texas decreased its position in Activision (NASDAQ:ATVI) by 35.7% during the 1st quarter, Holdings Channel reports. The firm owned 217,000 shares of the company’s stock after selling 120,600 shares during the period. Employees Retirement System of Texas’ holdings in Activision were worth $14,639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC acquired a new position in shares of Activision in the first quarter valued at approximately $114,000. SeaCrest Wealth Management LLC acquired a new position in shares of Activision in the fourth quarter valued at approximately $125,000. Goodman Financial Corp acquired a new position in shares of Activision in the fourth quarter valued at approximately $127,000. AdvisorNet Financial Inc grew its position in shares of Activision by 343.1% in the first quarter. AdvisorNet Financial Inc now owns 2,583 shares of the company’s stock valued at $174,000 after purchasing an additional 2,000 shares during the last quarter. Finally, James Hambro & Partners acquired a new position in shares of Activision in the fourth quarter valued at approximately $184,000. 85.92% of the stock is currently owned by institutional investors.

Activision opened at $71.46 on Monday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.19 and a quick ratio of 2.18. Activision has a fifty-two week low of $55.41 and a fifty-two week high of $79.63. The firm has a market cap of $54.40 billion, a price-to-earnings ratio of 34.86, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17.

Activision (NASDAQ:ATVI) last released its earnings results on Thursday, May 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Activision had a return on equity of 17.91% and a net margin of 4.78%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. analysts predict that Activision will post 2.5 EPS for the current fiscal year.

In other Activision news, insider Dennis M. Durkin sold 71,488 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $75.65, for a total transaction of $5,408,067.20. Following the completion of the sale, the insider now directly owns 151,314 shares in the company, valued at $11,446,904.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $70.49, for a total value of $1,392,952.89. Following the sale, the chief executive officer now owns 27,361 shares of the company’s stock, valued at $1,928,676.89. The disclosure for this sale can be found here. Insiders have sold 233,258 shares of company stock valued at $17,182,774 over the last 90 days. Corporate insiders own 2.12% of the company’s stock.

Several equities analysts have recently commented on the company. TheStreet downgraded Activision from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Wedbush set a $81.00 target price on Activision and gave the company a “buy” rating in a research report on Friday, February 9th. Barclays set a $70.00 target price on Activision and gave the company a “hold” rating in a research report on Friday, February 9th. Jefferies Group reaffirmed a “buy” rating on shares of Activision in a research report on Friday, February 9th. Finally, Zacks Investment Research raised Activision from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Tuesday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Activision presently has a consensus rating of “Buy” and a consensus price target of $75.41.

Activision Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision (NASDAQ:ATVI).

Institutional Ownership by Quarter for Activision (NASDAQ:ATVI)

Receive News & Ratings for Activision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision and related companies with MarketBeat.com's FREE daily email newsletter.