Dynamic Technology Lab Private Ltd Raises Stake in Activision Blizzard, Inc (ATVI)

Dynamic Technology Lab Private Ltd lifted its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 97.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,600 shares of the company’s stock after purchasing an additional 4,237 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Activision Blizzard were worth $495,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Activision Blizzard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after purchasing an additional 235,362 shares during the period. Vanguard Group Inc. grew its holdings in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares during the period. State Street Corp grew its holdings in shares of Activision Blizzard by 4.7% during the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after purchasing an additional 1,197,980 shares during the period. Capital World Investors grew its holdings in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC grew its holdings in shares of Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after purchasing an additional 10,083,717 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

In other news, Director Brian G. Kelly sold 98,879 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total transaction of $6,117,643.73. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock worth $252,196,001 in the last three months. 2.12% of the stock is owned by insiders.

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ATVI has been the subject of a number of research reports. Buckingham Research initiated coverage on Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 target price for the company. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price for the company. in a report on Thursday, August 31st. Benchmark Co. boosted their target price on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, UBS AG boosted their target price on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and an average target price of $65.33.

Shares of Activision Blizzard, Inc (NASDAQ ATVI) opened at 62.63 on Monday. The company’s 50 day moving average price is $63.47 and its 200 day moving average price is $59.23. The firm has a market capitalization of $47.28 billion, a price-to-earnings ratio of 42.29 and a beta of 1.10. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $66.58.

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.

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

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