Activision Blizzard, Inc. (ATVI) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 7.3% during the first quarter, Holdings Channel reports. The institutional investor owned 44,655 shares of the company’s stock after buying an additional 3,028 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Activision Blizzard were worth $2,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. HL Financial Services LLC lifted its holdings in Activision Blizzard by 3.9% during the 1st quarter. HL Financial Services LLC now owns 5,746 shares of the company’s stock worth $262,000 after buying an additional 216 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in Activision Blizzard by 2.2% during the 4th quarter. First National Bank of Hutchinson now owns 10,979 shares of the company’s stock worth $511,000 after buying an additional 240 shares during the last quarter. Regentatlantic Capital LLC lifted its holdings in Activision Blizzard by 4.5% during the 1st quarter. Regentatlantic Capital LLC now owns 5,971 shares of the company’s stock worth $272,000 after buying an additional 257 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Activision Blizzard by 1.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,179 shares of the company’s stock worth $1,033,000 after buying an additional 260 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in Activision Blizzard by 33.9% during the 1st quarter. Lindbrook Capital LLC now owns 1,083 shares of the company’s stock worth $49,000 after buying an additional 274 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.

Shares of Activision Blizzard stock opened at $46.39 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.61 and a current ratio of 2.63. The firm has a market cap of $35.54 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.30 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.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.13. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Activision Blizzard had a return on equity of 16.19% and a net margin of 23.90%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. On average, research analysts forecast that Activision Blizzard, Inc. will post 1.99 EPS for the current fiscal year.

A number of research analysts have commented on ATVI shares. Benchmark reduced their target price on Activision Blizzard from $87.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 11th. Morgan Stanley raised their price target on Activision Blizzard from $60.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, January 24th. BidaskClub downgraded Activision Blizzard from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. Wedbush set a $64.00 price target on Activision Blizzard and gave the stock an “outperform” rating in a report on Wednesday, January 23rd. Finally, Deutsche Bank assumed coverage on Activision Blizzard in a report on Tuesday, January 22nd. They issued a “hold” rating and a $54.00 price target on the stock. Eleven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.89.

In other Activision Blizzard news, insider Christopher B. Walther sold 2,333 shares of Activision Blizzard stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $45.91, for a total transaction of $107,108.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert J. Morgado sold 15,000 shares of Activision Blizzard stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total value of $643,650.00. The disclosure for this sale can be found here. 1.29% of the stock is owned by insiders.

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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.

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

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