Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,815 shares of the company’s stock after buying an additional 4,886 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Activision Blizzard were worth $11,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATVI. Cornerstone Advisors Inc. increased its holdings in Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after buying an additional 1,180 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in Activision Blizzard during the second quarter worth $142,000. Huntington National Bank boosted its position in Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares during the period. Finally, Phocas Financial Corp. bought a new position in Activision Blizzard during the second quarter worth $173,000. Institutional investors and hedge funds own 86.15% of the company’s stock.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by insiders.

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A number of research firms have commented on ATVI. Vetr raised shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $63.32 price objective for the company in a research report on Monday, November 6th. Hilliard Lyons raised shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 8th. Cowen and Company reaffirmed an “outperform” rating and set a $66.00 price objective (up 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 objective (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $70.00 price objective on shares of Activision Blizzard in a research report on Wednesday, November 8th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and an average target price of $68.75.

Shares of Activision Blizzard, Inc (ATVI) traded up $0.53 during midday trading on Tuesday, reaching $64.15. The company’s stock had a trading volume of 2,454,605 shares, compared to its average volume of 6,844,182. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The firm has a market capitalization of $48,500.00, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $67.03.

Activision Blizzard 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.

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

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