Artisan Partners Limited Partnership trimmed its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 46.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,448,623 shares of the company’s stock after selling 2,126,492 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.32% of Activision Blizzard worth $140,967,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Thrivent Financial For Lutherans lifted its stake in Activision Blizzard by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 26,555 shares of the company’s stock valued at $1,529,000 after buying an additional 805 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Activision Blizzard by 12.6% in the second quarter. PNC Financial Services Group Inc. now owns 83,248 shares of the company’s stock valued at $4,792,000 after buying an additional 9,329 shares during the last quarter. ProShare Advisors LLC lifted its stake in Activision Blizzard by 8.9% in the second quarter. ProShare Advisors LLC now owns 294,679 shares of the company’s stock valued at $16,965,000 after buying an additional 24,164 shares during the last quarter. Profund Advisors LLC lifted its stake in Activision Blizzard by 9.8% in the second quarter. Profund Advisors LLC now owns 61,308 shares of the company’s stock valued at $3,530,000 after buying an additional 5,464 shares during the last quarter. Finally, Stevens Capital Management LP bought a new stake in Activision Blizzard in the second quarter valued at $7,131,000. Institutional investors own 86.27% of the company’s stock.

Shares of Activision Blizzard, Inc (ATVI) traded down 0.70% during trading on Tuesday, reaching $63.75. The company had a trading volume of 1,116,277 shares. The firm has a market capitalization of $48.13 billion, a P/E ratio of 43.05 and a beta of 1.08. The company has a 50 day moving average of $63.38 and a 200-day moving average of $57.00. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $66.58.

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In related news, Director Brian G. Kelly sold 111,239 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the sale, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock valued at $252,196,001 in the last quarter. 2.12% of the stock is currently owned by corporate insiders.

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

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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