Janus Henderson Group PLC lowered its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 18.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,180,199 shares of the company’s stock after selling 3,749,475 shares during the quarter. Activision Blizzard makes up about 0.7% of Janus Henderson Group PLC’s investment portfolio, making the stock its 14th largest holding. Janus Henderson Group PLC owned approximately 2.12% of Activision Blizzard worth $1,234,885,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gladstone Capital Management LLP increased its position in Activision Blizzard by 13.0% during the 2nd quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock valued at $23,175,000 after buying an additional 35,000 shares in the last quarter. Gateway Investment Advisers LLC bought a new position in Activision Blizzard during the 2nd quarter valued at approximately $37,904,000. Truepoint Inc. increased its position in Activision Blizzard by 1,382.6% during the 2nd quarter. Truepoint Inc. now owns 4,181 shares of the company’s stock valued at $319,000 after buying an additional 3,899 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Activision Blizzard during the 2nd quarter valued at approximately $1,196,000. Finally, Comerica Bank increased its position in Activision Blizzard by 1.0% during the 2nd quarter. Comerica Bank now owns 207,243 shares of the company’s stock valued at $16,776,000 after buying an additional 2,114 shares in the last quarter. Institutional investors and hedge funds own 86.92% of the company’s stock.
ATVI has been the subject of a number of analyst reports. TheStreet raised Activision Blizzard from a “c+” rating to a “b” rating in a research report on Thursday, May 3rd. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, July 4th. Wedbush set a $81.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Sunday, May 6th. Bank of America reduced their price objective on Activision Blizzard from $77.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Finally, BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.51.
Activision Blizzard stock opened at $74.55 on Monday. The firm has a market capitalization of $56.49 billion, a price-to-earnings ratio of 36.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. Activision Blizzard, Inc. has a 12 month low of $57.29 and a 12 month high of $81.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.11. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. equities research analysts forecast that Activision Blizzard, Inc. will post 2.49 earnings per share for the current year.
About Activision Blizzard
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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