Nicholas Investment Partners LP purchased a new stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 38,689 shares of the company’s stock, valued at approximately $2,227,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rafferty Asset Management LLC raised its position in shares of Activision Blizzard by 40.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 32,925 shares of the company’s stock valued at $1,895,000 after buying an additional 9,522 shares during the period. Mutual of America Capital Management LLC raised its position in Activision Blizzard by 44.4% in the second quarter. Mutual of America Capital Management LLC now owns 123,607 shares of the company’s stock valued at $7,116,000 after purchasing an additional 38,035 shares during the period. New York State Common Retirement Fund raised its position in Activision Blizzard by 17.8% in the second quarter. New York State Common Retirement Fund now owns 1,820,410 shares of the company’s stock valued at $104,801,000 after purchasing an additional 274,724 shares during the period. Columbia Partners L L C Investment Management raised its position in Activision Blizzard by 18.4% in the second quarter. Columbia Partners L L C Investment Management now owns 130,416 shares of the company’s stock valued at $7,508,000 after purchasing an additional 20,235 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in Activision Blizzard by 3.1% in the second quarter. Thrivent Financial For Lutherans now owns 26,555 shares of the company’s stock valued at $1,529,000 after purchasing an additional 805 shares during the period. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on ATVI. Robert W. Baird reissued an “outperform” rating and issued a $68.00 target price on shares of Activision Blizzard in a research report on Wednesday. BMO Capital Markets reissued a “market perform” rating and issued a $62.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research report on Wednesday. Buckingham Research began coverage on Activision Blizzard in a research report on Wednesday. They issued a “buy” rating and a $79.00 target price on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a research report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $64.23.

Activision Blizzard, Inc (NASDAQ ATVI) opened at 65.00 on Thursday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The firm has a market cap of $49.07 billion, a P/E ratio of 43.89 and a beta of 1.08. The firm has a 50-day moving average of $63.45 and a 200 day moving average of $57.13.

In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction 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 directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by company insiders.

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Activision Blizzard 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.

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

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