OLD Mutual Customised Solutions Proprietary Ltd. cut its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,869 shares of the company’s stock after selling 1,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Activision Blizzard were worth $753,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Gladstone Capital Management LLP increased its holdings in shares of Activision Blizzard by 13.0% during the second quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock worth $23,175,000 after buying an additional 35,000 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Activision Blizzard during the second quarter worth $1,196,000. Gateway Investment Advisers LLC acquired a new position in shares of Activision Blizzard during the second quarter worth $37,904,000. Truepoint Inc. increased its holdings in shares of Activision Blizzard by 1,382.6% during the second quarter. Truepoint Inc. now owns 4,181 shares of the company’s stock worth $319,000 after buying an additional 3,899 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Activision Blizzard by 4.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,871,391 shares of the company’s stock worth $219,145,000 after buying an additional 114,927 shares in the last quarter. Institutional investors own 87.04% of the company’s stock.
NASDAQ ATVI opened at $81.27 on Friday. The firm has a market capitalization of $61.39 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.15 and a beta of 0.87. Activision Blizzard, Inc. has a twelve month low of $57.29 and a twelve month high of $82.03. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96.
Several brokerages have recently issued reports on ATVI. BidaskClub upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Robert W. Baird upped their price target on shares of Activision Blizzard from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, July 26th. Bank of America downgraded shares of Activision Blizzard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $84.00 to $77.00 in a report on Friday, August 31st. Finally, Barclays lowered their price target on shares of Activision Blizzard from $82.00 to $79.00 and set a “hold” rating for the company in a report on Sunday, August 5th. Nine equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $79.32.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the sale, the chief executive officer now owns 20,324 shares of the company’s stock, valued at $1,396,258.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.29% of the company’s stock.
About Activision Blizzard
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.
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