Public Employees Retirement Association of Colorado Sells 255 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Public Employees Retirement Association of Colorado reduced its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 138,159 shares of the company’s stock after selling 255 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Activision Blizzard were worth $7,311,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ascent Wealth Partners LLC grew its holdings in shares of Activision Blizzard by 1.5% in the third quarter. Ascent Wealth Partners LLC now owns 13,030 shares of the company’s stock valued at $690,000 after acquiring an additional 189 shares in the last quarter. Truvestments Capital LLC grew its holdings in shares of Activision Blizzard by 4.6% in the third quarter. Truvestments Capital LLC now owns 4,428 shares of the company’s stock valued at $234,000 after acquiring an additional 194 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Activision Blizzard by 13.1% in the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the company’s stock valued at $93,000 after acquiring an additional 229 shares in the last quarter. Dowling & Yahnke LLC grew its holdings in shares of Activision Blizzard by 1.0% in the second quarter. Dowling & Yahnke LLC now owns 26,404 shares of the company’s stock valued at $1,246,000 after acquiring an additional 258 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Activision Blizzard by 34.3% in the third quarter. Parkside Financial Bank & Trust now owns 1,015 shares of the company’s stock valued at $54,000 after acquiring an additional 259 shares in the last quarter. 87.33% of the stock is owned by hedge funds and other institutional investors.

ATVI has been the subject of several recent analyst reports. Macquarie set a $58.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Friday, October 18th. Bank of America set a $62.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Friday, October 18th. TheStreet raised Activision Blizzard from a “c+” rating to a “b-” rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. upped their price objective on Activision Blizzard from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday. Finally, SunTrust Banks upped their price objective on Activision Blizzard from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $59.93.

In other Activision Blizzard news, insider Christopher B. Walther sold 5,333 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total transaction of $280,889.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.31% of the company’s stock.

Shares of NASDAQ:ATVI traded down $0.41 during trading on Tuesday, hitting $52.11. 598,122 shares of the company were exchanged, compared to its average volume of 7,377,491. The company has a market cap of $41.72 billion, a PE ratio of 21.80, a P/E/G ratio of 2.09 and a beta of 0.87. The stock has a 50 day moving average of $54.64 and a 200 day moving average of $49.39. Activision Blizzard, Inc. has a 52-week low of $39.85 and a 52-week high of $57.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.43 and a quick ratio of 3.38.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.15 billion. Activision Blizzard had a return on equity of 13.91% and a net margin of 23.66%. The business’s quarterly revenue was down 27.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. Sell-side analysts forecast that Activision Blizzard, Inc. will post 2.01 EPS for the current fiscal year.

Activision Blizzard 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. It 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.

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

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