AT Bancorp lowered its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,456 shares of the company’s stock after selling 2,347 shares during the period. Activision Blizzard makes up approximately 0.5% of AT Bancorp’s investment portfolio, making the stock its 21st largest position. AT Bancorp’s holdings in Activision Blizzard were worth $4,575,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Granite Investment Partners LLC increased its stake in Activision Blizzard by 6.6% in the first quarter. Granite Investment Partners LLC now owns 171,868 shares of the company’s stock valued at $8,569,000 after buying an additional 10,695 shares in the last quarter. DnB Asset Management AS increased its stake in Activision Blizzard by 10.6% in the second quarter. DnB Asset Management AS now owns 80,653 shares of the company’s stock valued at $4,643,000 after buying an additional 7,700 shares in the last quarter. Scout Investments Inc. increased its stake in Activision Blizzard by 143.6% in the first quarter. Scout Investments Inc. now owns 614,690 shares of the company’s stock valued at $20,801,000 after buying an additional 362,384 shares in the last quarter. National Pension Service increased its stake in Activision Blizzard by 9.9% in the second quarter. National Pension Service now owns 557,658 shares of the company’s stock valued at $32,110,000 after buying an additional 50,461 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC increased its stake in Activision Blizzard by 3.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 19,296 shares of the company’s stock valued at $962,000 after buying an additional 706 shares in the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Activision Blizzard, Inc (ATVI) opened at 62.01 on Monday. The company has a market capitalization of $46.73 billion, a PE ratio of 45.50 and a beta of 1.07. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $63.30. The stock’s 50 day moving average price is $59.80 and its 200-day moving average price is $52.00.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, May 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.13. Activision Blizzard had a net margin of 16.17% and a return on equity of 17.30%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company earned $0.23 EPS. The business’s revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that Activision Blizzard, Inc will post $2.10 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “AT Bancorp Sells 2,347 Shares of Activision Blizzard, Inc (NASDAQ:ATVI)” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2017/08/07/at-bancorp-sells-2347-shares-of-activision-blizzard-inc-nasdaqatvi.html.

ATVI has been the topic of several recent research reports. MKM Partners restated a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price objective on the stock in a research report on Thursday, June 8th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Pacific Crest reiterated an “overweight” rating and issued a $60.00 price objective on shares of Activision Blizzard in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.33.

In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the sale, the insider now directly owns 55,509 shares of the company’s stock, valued at approximately $3,077,974.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

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

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