Robert W. Baird reiterated their outperform rating on shares of Activision Blizzard, Inc (NASDAQ:ATVI) in a report published on Wednesday. Robert W. Baird currently has a $68.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on ATVI. Vetr cut shares of Activision Blizzard from a buy rating to a hold rating and set a $59.65 target price on the stock. in a report on Tuesday, May 23rd. Macquarie reaffirmed an outperform rating and issued a $58.00 target price on shares of Activision Blizzard in a report on Wednesday, May 31st. Morgan Stanley upped their target price on shares of Activision Blizzard from $57.00 to $67.00 and gave the company an overweight rating in a report on Wednesday, June 7th. Jefferies Group LLC reaffirmed a buy rating and issued a $68.00 target price on shares of Activision Blizzard in a report on Thursday, June 8th. Finally, Benchmark Co. upped their target price on shares of Activision Blizzard from $60.00 to $71.00 and gave the company a buy rating in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has a consensus rating of Buy and an average price target of $64.23.

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In other news, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the completion of the transaction, the insider now owns 337,534 shares of the company’s stock, valued at $20,481,563.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 approximately $2,972,303.04. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ATVI. BlackRock Inc. raised its stake in shares of Activision Blizzard by 3,032.9% during the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after acquiring an additional 47,350,818 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after acquiring an additional 18,094,334 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Activision Blizzard by 82.6% during the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after acquiring an additional 10,083,717 shares during the last quarter. Egerton Capital UK LLP raised its stake in shares of Activision Blizzard by 225.7% during the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after acquiring an additional 8,467,902 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after acquiring an additional 4,327,000 shares during the last quarter. 86.27% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Activision Blizzard (NASDAQ:ATVI)

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