Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 39.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,684,934 shares of the company’s stock after buying an additional 480,479 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.22% of Activision Blizzard worth $97,002,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Shine Investment Advisory Services Inc. bought a new position in shares of Activision Blizzard during the second quarter valued at about $142,000. Huntington National Bank boosted its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after buying an additional 51 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock valued at $151,000 after buying an additional 2,523 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. bought a new position in shares of Activision Blizzard during the second quarter valued at about $206,000. Institutional investors own 87.39% of the company’s stock.
Activision Blizzard, Inc (NASDAQ ATVI) opened at 62.58 on Friday. The stock’s 50 day moving average is $61.49 and its 200 day moving average is $54.65. The stock has a market capitalization of $47.24 billion, a PE ratio of 42.26 and a beta of 1.07. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $64.48.
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Several brokerages recently issued reports on ATVI. Wedbush set a $63.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Saturday, May 6th. UBS AG reiterated a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Cowen and Company reiterated an “outperform” rating and set a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and set a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.56.
In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the transaction, the insider now directly owns 337,534 shares in the company, valued at $20,481,563.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the transaction, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 over the last quarter. 2.12% of the stock is currently owned by insiders.
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.
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