Nisa Investment Advisors LLC Raises Position in Activision Blizzard, Inc. (ATVI)

Nisa Investment Advisors LLC grew its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 22.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,963 shares of the company’s stock after acquiring an additional 36,614 shares during the period. Nisa Investment Advisors LLC’s holdings in Activision Blizzard were worth $9,104,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ATVI. Massey Quick Simon & CO. LLC acquired a new stake in Activision Blizzard during the 1st quarter worth $25,000. Capital Investment Advisory Services LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $37,000. Lindbrook Capital LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $37,000. IMS Capital Management acquired a new stake in Activision Blizzard during the 3rd quarter worth $69,000. Finally, Pearl River Capital LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $41,000. Institutional investors own 88.73% of the company’s stock.

In related news, Director Robert J. Morgado sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total value of $643,650.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.29% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on ATVI. Zacks Investment Research raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a report on Thursday. William Blair reissued an “outperform” rating on shares of Activision Blizzard in a report on Friday, May 3rd. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Wedbush reissued an “outperform” rating and issued a $56.00 price target on shares of Activision Blizzard in a report on Friday, May 3rd. Finally, ValuEngine raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $61.89.

Shares of Activision Blizzard stock traded down $0.62 during trading on Friday, hitting $46.02. 5,374,941 shares of the stock were exchanged, compared to its average volume of 7,963,319. The firm has a market capitalization of $35.73 billion, a PE ratio of 19.26, a P/E/G ratio of 2.31 and a beta of 0.83. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $84.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 2.61.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.13. Activision Blizzard had a net margin of 23.90% and a return on equity of 16.19%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the prior year, the business earned $0.38 EPS. Activision Blizzard’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, analysts expect that Activision Blizzard, Inc. will post 2 EPS for the current year.

The business also recently declared an annual dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, March 28th were paid a $0.37 dividend. The ex-dividend date was Wednesday, March 27th. This represents a yield of 0.83%. This is a positive change from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio is 15.48%.

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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. 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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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

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