Shelter Mutual Insurance Co trimmed its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 8.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,980 shares of the company’s stock after selling 1,320 shares during the quarter. Shelter Mutual Insurance Co’s holdings in Activision Blizzard were worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Manning & Napier Group LLC bought a new position in shares of Activision Blizzard during the 2nd quarter valued at approximately $118,438,000. Lazard Asset Management LLC raised its holdings in Activision Blizzard by 543.4% during the first quarter. Lazard Asset Management LLC now owns 2,116,010 shares of the company’s stock worth $96,341,000 after purchasing an additional 1,787,120 shares during the last quarter. Swedbank raised its holdings in Activision Blizzard by 21.5% during the first quarter. Swedbank now owns 6,007,179 shares of the company’s stock worth $273,507,000 after purchasing an additional 1,063,547 shares during the last quarter. Geode Capital Management LLC raised its holdings in Activision Blizzard by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 9,116,102 shares of the company’s stock worth $423,741,000 after purchasing an additional 626,387 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its holdings in Activision Blizzard by 1,299.4% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 671,201 shares of the company’s stock worth $30,559,000 after purchasing an additional 623,239 shares during the last quarter. 86.34% of the stock is currently owned by institutional investors.

In related news, insider Christopher B. Walther sold 5,333 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.34, for a total value of $268,463.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher B. Walther sold 2,333 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $44.00, for a total value of $102,652.00. The disclosure for this sale can be found here. Insiders have sold 18,999 shares of company stock valued at $914,079 over the last ninety days. Corporate insiders own 1.29% of the company’s stock.

ATVI has been the subject of several research reports. MKM Partners reaffirmed a “neutral” rating and set a $47.00 price objective (up from $45.00) on shares of Activision Blizzard in a report on Friday, August 9th. TheStreet raised Activision Blizzard from a “c+” rating to a “b-” rating in a report on Tuesday. Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $50.00 to $54.00 in a report on Tuesday, May 28th. Ascendiant Capital Markets reaffirmed a “buy” rating and set a $55.00 price objective (up from $53.00) on shares of Activision Blizzard in a report on Wednesday. Finally, SunTrust Banks lifted their price objective on Activision Blizzard from $52.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. Twelve research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $59.68.

Shares of NASDAQ:ATVI traded up $0.04 during trading on Thursday, hitting $45.30. 202,927 shares of the company traded hands, compared to its average volume of 6,763,880. The company has a market capitalization of $36.11 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.06 and a beta of 0.90. The stock has a fifty day simple moving average of $47.41. Activision Blizzard, Inc. has a one year low of $39.85 and a one year high of $84.68. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.23.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 8th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Activision Blizzard had a return on equity of 15.81% and a net margin of 23.69%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 earnings per share. Equities research analysts predict that Activision Blizzard, Inc. will post 2.01 earnings per share for the current fiscal year.

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. It 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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