Teacher Retirement System of Texas boosted its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 2,058.2% during the second quarter, Holdings Channel reports. The fund owned 388,221 shares of the company’s stock after buying an additional 370,233 shares during the period. Teacher Retirement System of Texas’ holdings in Activision Blizzard were worth $22,350,000 as of its most recent filing with the SEC.

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

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.74 on Friday. The company has a market cap of $45.85 billion, a PE ratio of 41.01 and a beta of 1.07. The firm has a 50-day moving average price of $60.30 and a 200 day moving average price of $53.02. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $64.06.

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A number of analysts recently commented on ATVI shares. MKM Partners reiterated a “neutral” rating and issued a $48.00 price objective (up 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 for the company in a research report on Thursday, June 8th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $60.00 price objective (up 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 from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $62.36.

In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the transaction, the director now owns 189,791 shares in the company, valued at $11,850,550.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the transaction, the insider now owns 55,509 shares in the company, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,914,879 shares of company stock worth $242,371,204. 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.

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

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