Activision Blizzard, Inc (ATVI) Stake Decreased by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD cut its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 66.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,566 shares of the company’s stock after selling 113,325 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Activision Blizzard were worth $3,314,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harwood Advisory Group LLC raised its position in Activision Blizzard by 0.7% in the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after buying an additional 36 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares in the last quarter. TIAA CREF Trust Co. FSB MO raised 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 worth $606,000 after buying an additional 90 shares in the last quarter. Bbva Compass Bancshares Inc. raised 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 worth $2,572,000 after buying an additional 131 shares in the last quarter. Finally, Steinberg Global Asset Management raised its stake in Activision Blizzard by 0.4% in the first quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock worth $1,772,000 after buying an additional 131 shares in the last quarter. 87.39% of the stock is currently owned by hedge funds and other institutional investors.

Activision Blizzard, Inc (NASDAQ ATVI) opened at 62.01 on Friday. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $64.06. The firm has a 50-day moving average price of $60.72 and a 200 day moving average price of $53.83. The firm has a market capitalization of $46.81 billion, a PE ratio of 41.87 and a beta of 1.07.

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A number of research firms have recently commented on ATVI. Wedbush set a $63.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. UBS AG reaffirmed a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Robert W. Baird reaffirmed an “outperform” rating and set a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.56.

In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the sale, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, August 18th. The stock was 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. In the last 90 days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. Company 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.

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

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