Teacher Retirement System of Texas lessened its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 2.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,329 shares of the company’s stock after selling 9,892 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Activision Blizzard worth $24,406,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ATVI. Allen Investment Management LLC acquired a new position in Activision Blizzard in the second quarter valued at $2,095,000. Pacad Investment Ltd. lifted its holdings in Activision Blizzard by 131.0% in the second quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after buying an additional 67,742 shares during the period. Norinchukin Bank The lifted its holdings in Activision Blizzard by 7.1% in the second quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after buying an additional 3,170 shares during the period. Brighton Jones LLC acquired a new position in Activision Blizzard in the second quarter valued at $508,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Activision Blizzard by 39.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after buying an additional 309,181 shares during the period. 86.15% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on ATVI shares. Buckingham Research started coverage on shares of Activision Blizzard in a report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective on the stock. in a report on Thursday, August 31st. Benchmark Co. upped their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $68.75.
About Activision Blizzard
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.
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