Cipher Capital LP bought a new position in Activision Blizzard, Inc (NASDAQ:ATVI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,771 shares of the company’s stock, valued at approximately $1,663,000.

A number of other large investors have also modified their holdings of ATVI. Janus Henderson Group PLC raised its position in Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after buying an additional 18,094,334 shares during the last quarter. Jennison Associates LLC raised its position in Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after buying an additional 10,083,717 shares during the last quarter. Capital World Investors grew its stake in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the period. Vanguard Group Inc. grew its stake in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after purchasing an additional 2,200,995 shares during the period. Finally, Prudential Financial Inc. grew its stake in shares of Activision Blizzard by 108.6% during the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after purchasing an additional 1,657,730 shares during the period. 84.23% of the stock is owned by institutional investors and hedge funds.

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A number of research firms have issued reports on ATVI. Robert W. Baird restated an “outperform” rating and set a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Cowen and Company restated an “outperform” rating and set a $66.00 price target (up from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Wednesday, August 9th. Jefferies Group LLC restated a “buy” rating and set a $78.00 price target (up from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Finally, Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price target for the company. in a research note on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $68.68.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at $65.14 on Thursday. The stock has a market capitalization of $48,768.42, a P/E ratio of 29.32, a PEG ratio of 2.26 and a beta of 1.07. Activision Blizzard, Inc has a twelve month low of $35.12 and a twelve month high of $67.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the sale, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by corporate insiders.

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.

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

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