Boenning & Scattergood Inc. Boosts Stake in Activision Blizzard, Inc. (NASDAQ:ATVI)

Boenning & Scattergood Inc. grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,287 shares of the company’s stock after buying an additional 330 shares during the period. Boenning & Scattergood Inc.’s holdings in Activision Blizzard were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors raised its position in Activision Blizzard by 57.2% in the 4th quarter. Capital International Investors now owns 39,139,403 shares of the company’s stock worth $2,604,167,000 after purchasing an additional 14,244,622 shares during the period. Bank of Nova Scotia raised its position in Activision Blizzard by 1,509.2% in the 1st quarter. Bank of Nova Scotia now owns 12,149,494 shares of the company’s stock worth $973,295,000 after purchasing an additional 11,394,496 shares during the period. Norges Bank purchased a new position in shares of Activision Blizzard in the fourth quarter valued at about $507,115,000. Capital World Investors increased its position in shares of Activision Blizzard by 23.8% in the fourth quarter. Capital World Investors now owns 31,818,816 shares of the company’s stock valued at $2,116,906,000 after acquiring an additional 6,120,230 shares during the period. Finally, Quinn Opportunity Partners LLC increased its position in shares of Activision Blizzard by 3,689.9% in the first quarter. Quinn Opportunity Partners LLC now owns 4,377,280 shares of the company’s stock valued at $350,664,000 after acquiring an additional 4,261,780 shares during the period. Hedge funds and other institutional investors own 78.78% of the company’s stock.

Activision Blizzard Trading Up 2.3 %

NASDAQ:ATVI opened at $77.03 on Friday. Activision Blizzard, Inc. has a one year low of $56.40 and a one year high of $86.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.18 and a quick ratio of 6.18. The company’s 50-day simple moving average is $78.82 and its 200 day simple moving average is $78.39. The firm has a market capitalization of $60.26 billion, a P/E ratio of 32.10, a PEG ratio of 3.23 and a beta of 0.51.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.38 by $0.09. Activision Blizzard had a net margin of 24.57% and a return on equity of 10.22%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Activision Blizzard’s quarterly revenue was down 14.6% on a year-over-year basis. As a group, analysts forecast that Activision Blizzard, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ATVI shares. Moffett Nathanson upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Activision Blizzard from $95.00 to $84.00 in a research report on Thursday, August 4th. Finally, Atlantic Securities upgraded shares of Activision Blizzard from a “neutral” rating to an “overweight” rating and decreased their price objective for the company from $95.00 to $84.00 in a research report on Thursday, September 15th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.58.

Insiders Place Their Bets

In other Activision Blizzard news, COO Daniel Alegre sold 10,000 shares of Activision Blizzard stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the chief operating officer now directly owns 176,690 shares of the company’s stock, valued at $13,810,090.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Activision Blizzard news, COO Daniel Alegre sold 10,000 shares of Activision Blizzard stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the chief operating officer now directly owns 176,690 shares of the company’s stock, valued at $13,810,090.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Armin Zerza sold 10,174 shares of Activision Blizzard stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total transaction of $816,158.28. Following the completion of the transaction, the chief financial officer now directly owns 186,117 shares of the company’s stock, valued at $14,930,305.74. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Activision Blizzard Profile

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Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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

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