Intrust Bank NA purchased a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,824 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. DnB Asset Management AS increased its stake 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 valued at $4,643,000 after buying an additional 7,700 shares during the last quarter. Scout Investments Inc. increased its stake 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 valued at $20,801,000 after buying an additional 362,384 shares during the last quarter. National Pension Service increased its stake 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 valued at $32,110,000 after buying an additional 50,461 shares during the last quarter. Pillar Pacific Capital Management LLC increased its stake 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 valued at $1,572,000 after buying an additional 1,385 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake 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 valued at $1,453,000 after buying an additional 861 shares during the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 65.68 on Thursday. The stock has a market capitalization of $49.58 billion, a PE ratio of 44.35 and a beta of 1.07. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $65.80. The company’s 50 day moving average is $61.49 and its 200-day moving average is $54.65.

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ATVI has been the topic of several recent analyst reports. Stifel Nicolaus raised their price objective on shares of Activision Blizzard from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, May 8th. Vetr downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $59.65 price objective on the stock. in a research report on Monday, May 8th. Wedbush set a $63.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Saturday, May 6th. 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 report on Friday, May 5th. Finally, Argus raised their price objective on shares of Activision Blizzard from $53.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. One research 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. Activision Blizzard currently has an average rating of “Buy” and an average price target of $62.56.

In other news, insider Dennis M. Durkin sold 160,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the completion of the transaction, the insider now owns 337,534 shares of the company’s stock, valued at approximately $20,481,563.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

About Activision Blizzard

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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