Piper Jaffray Companies reaffirmed their overweight rating on shares of Activision Blizzard (NASDAQ:ATVI) in a report issued on Monday morning, The Fly reports.

A number of other research firms also recently weighed in on ATVI. KeyCorp decreased their price target on shares of Activision Blizzard from $80.00 to $64.00 and set an overweight rating for the company in a research report on Friday, January 11th. Benchmark decreased their price target on shares of Activision Blizzard from $93.00 to $87.00 and set a buy rating for the company in a research report on Friday, January 11th. Stephens began coverage on shares of Activision Blizzard in a research report on Thursday, January 10th. They set an overweight rating and a $65.00 price target for the company. BidaskClub raised shares of Activision Blizzard from a sell rating to a hold rating in a research report on Thursday, January 10th. Finally, Deutsche Bank began coverage on shares of Activision Blizzard in a research report on Tuesday, January 22nd. They set a hold rating and a $54.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $62.04.

ATVI stock opened at $46.75 on Monday. Activision Blizzard has a twelve month low of $39.85 and a twelve month high of $84.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.31 and a quick ratio of 2.29. The company has a market cap of $35.46 billion, a PE ratio of 19.56, a P/E/G ratio of 2.27 and a beta of 0.83.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company earned $0.94 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Activision Blizzard will post 1.98 EPS for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be issued a $0.37 dividend. This represents a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s payout ratio is currently 15.48%.

In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of Activision Blizzard stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total value of $643,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.29% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. First National Bank of Hutchinson boosted its holdings in shares of Activision Blizzard by 2.2% during the fourth quarter. First National Bank of Hutchinson now owns 10,979 shares of the company’s stock valued at $511,000 after acquiring an additional 240 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Activision Blizzard by 1.2% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,179 shares of the company’s stock valued at $1,033,000 after acquiring an additional 260 shares during the period. Cornerstone Advisors Inc. boosted its holdings in shares of Activision Blizzard by 17.5% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,775 shares of the company’s stock valued at $83,000 after acquiring an additional 265 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Activision Blizzard by 33.9% during the first quarter. Lindbrook Capital LLC now owns 1,083 shares of the company’s stock valued at $49,000 after acquiring an additional 274 shares during the period. Finally, Kaizen Advisory LLC boosted its holdings in shares of Activision Blizzard by 15.3% during the fourth quarter. Kaizen Advisory LLC now owns 2,163 shares of the company’s stock valued at $101,000 after acquiring an additional 287 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

Activision Blizzard Company Profile

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.

Further Reading: What is a balanced fund?

The Fly

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.