Schroder Investment Management Group boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 211.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,530 shares of the company’s stock after purchasing an additional 84,515 shares during the quarter. Schroder Investment Management Group’s holdings in Activision Blizzard were worth $7,170,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ATVI. BlackRock Inc. raised its stake in Activision Blizzard by 3,032.9% during the 1st quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after purchasing an additional 47,350,818 shares during the last quarter. Jennison Associates LLC raised its stake in Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. Egerton Capital UK LLP raised its stake in Activision Blizzard by 225.7% during the 1st quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after purchasing an additional 8,467,902 shares during the last quarter. Caxton Associates LP acquired a new position in Activision Blizzard during the 1st quarter valued at $149,610,000. Finally, Iridian Asset Management LLC CT acquired a new position in Activision Blizzard during the 1st quarter valued at $148,547,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Several equities analysts recently commented on the stock. Cowen and Company reiterated an “outperform” rating and set a $66.00 target price (up from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and set a $68.00 target price (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a “buy” rating and set a $78.00 target price (up from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.87.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the transaction, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the transaction, the director now owns 189,791 shares in the company, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,074,879 shares of company stock worth $252,196,001. Company insiders own 2.12% of the company’s stock.

Shares of Activision Blizzard, Inc (NASDAQ ATVI) opened at 65.00 on Monday. The firm’s 50-day moving average is $63.30 and its 200-day moving average is $56.72. The company has a market cap of $49.07 billion, a price-to-earnings ratio of 43.89 and a beta of 1.08. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $66.58.

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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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