Kornitzer Capital Management Inc. KS held its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,850 shares of the company’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Activision Blizzard were worth $797,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ATVI. Guardian Life Insurance Co. of America increased its stake 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 worth $133,000 after buying an additional 51 shares during the last quarter. Huntington National Bank increased its stake 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 worth $143,000 after buying an additional 1,366 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake 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 worth $151,000 after buying an additional 2,523 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Activision Blizzard during the first quarter worth $202,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Activision Blizzard during the first quarter worth $208,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Shares of Activision Blizzard, Inc (ATVI) opened at 62.51 on Tuesday. The firm has a 50-day moving average of $59.80 and a 200 day moving average of $52.00. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $63.19. The stock has a market cap of $47.11 billion, a price-to-earnings ratio of 45.86 and a beta of 1.07.

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A number of analysts have weighed in on the company. Vetr upgraded Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 price target for the company in a report on Tuesday, May 2nd. CIBC reiterated an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Activision Blizzard in a report on Thursday, June 22nd. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 28th. Robert W. Baird reiterated an “outperform” rating on shares of Activision Blizzard in a report on Monday, July 3rd. Finally, UBS AG reiterated a “buy” rating and set a $60.00 price target (up from $57.00) on shares of Activision Blizzard in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $60.33.

In other news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.12% of the company’s stock.

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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