Boenning & Scattergood Inc. Purchases 330 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Boenning & Scattergood Inc. increased its holdings in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ATVI. Fieldpoint Private Securities LLC boosted its position in shares of Activision Blizzard by 29.0% during the 1st quarter. Fieldpoint Private Securities LLC now owns 556 shares of the company’s stock worth $45,000 after purchasing an additional 125 shares in the last quarter. Israel Discount Bank of New York raised its holdings in shares of Activision Blizzard by 2.4% in the 1st quarter. Israel Discount Bank of New York now owns 5,979 shares of the company’s stock worth $479,000 after acquiring an additional 138 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Activision Blizzard by 6.1% in the 1st quarter. Lindbrook Capital LLC now owns 2,585 shares of the company’s stock worth $207,000 after acquiring an additional 148 shares during the last quarter. Mengis Capital Management Inc. raised its holdings in shares of Activision Blizzard by 1.2% in the 1st quarter. Mengis Capital Management Inc. now owns 12,450 shares of the company’s stock worth $997,000 after acquiring an additional 150 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of Activision Blizzard by 4.8% in the 4th quarter. Clearstead Advisors LLC now owns 3,544 shares of the company’s stock worth $236,000 after acquiring an additional 163 shares during the last quarter. 78.78% of the stock is currently owned by institutional investors and hedge funds.

Activision Blizzard Stock Up 2.3 %

Activision Blizzard stock opened at $77.03 on Friday. Activision Blizzard, Inc. has a twelve month low of $56.40 and a twelve month high of $86.90. The firm has a 50 day moving average price of $78.82 and a 200-day moving average price of $78.39. The company has a market capitalization of $60.26 billion, a P/E ratio of 32.10, a P/E/G ratio of 3.23 and a beta of 0.51. The company has a quick ratio of 6.18, a current ratio of 6.18 and a debt-to-equity ratio of 0.20.

Activision Blizzard (NASDAQ:ATVIGet Rating) last released its earnings results on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. Activision Blizzard had a net margin of 24.57% and a return on equity of 10.22%. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. As a group, equities analysts predict that Activision Blizzard, Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling

In related news, COO Daniel Alegre sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $13,810,090.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Daniel Alegre sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $13,810,090.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Armin Zerza sold 10,174 shares of the firm’s stock in a transaction that occurred on 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. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Activision Blizzard Company 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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