Rosenblum Silverman Sutton S F Inc. CA reduced its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,620 shares of the company’s stock after selling 4,139 shares during the quarter. Activision Blizzard comprises approximately 4.0% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 8th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Activision Blizzard were worth $12,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its stake in Activision Blizzard by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock valued at $345,000 after purchasing an additional 634 shares during the period. Wetherby Asset Management Inc. increased its stake in Activision Blizzard by 7.8% in the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock valued at $716,000 after purchasing an additional 680 shares during the period. Mission Wealth Management LP increased its stake in Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock valued at $471,000 after purchasing an additional 732 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Activision Blizzard by 13.8% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock valued at $490,000 after purchasing an additional 780 shares during the period. Finally, Altman Advisors Inc. acquired a new position in Activision Blizzard in the second quarter valued at $323,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

ATVI has been the topic of a number of recent research reports. Piper Jaffray Companies restated an “overweight” rating and issued a $88.00 price objective on shares of Activision Blizzard in a research note on Wednesday, September 26th. Credit Suisse Group dropped their price objective on shares of Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. BidaskClub lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Wedbush set a $81.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Oppenheimer dropped their price objective on shares of Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $75.99.

Shares of Activision Blizzard stock opened at $50.14 on Wednesday. Activision Blizzard, Inc. has a 52-week low of $46.83 and a 52-week high of $84.68. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.25. The stock has a market cap of $37.50 billion, a PE ratio of 24.46, a PEG ratio of 1.45 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. Equities analysts anticipate that Activision Blizzard, Inc. will post 2.36 earnings per share for the current fiscal year.

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Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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

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