Activision Blizzard, Inc. (ATVI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

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Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 178,470 shares of the company’s stock after buying an additional 400 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Activision Blizzard were worth $8,126,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ATVI. Steinberg Global Asset Management increased its holdings in Activision Blizzard by 8.8% during the 4th quarter. Steinberg Global Asset Management now owns 37,210 shares of the company’s stock worth $1,733,000 after purchasing an additional 3,008 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Activision Blizzard during the 4th quarter worth about $4,634,000. Probity Advisors Inc. purchased a new stake in Activision Blizzard during the 4th quarter worth about $362,000. Maplelane Capital LLC purchased a new stake in Activision Blizzard during the 4th quarter worth about $11,550,000. Finally, Edge Wealth Management LLC increased its holdings in Activision Blizzard by 2,163.8% during the 1st quarter. Edge Wealth Management LLC now owns 2,626 shares of the company’s stock worth $119,000 after purchasing an additional 2,510 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.

A number of research analysts have recently commented on the company. ValuEngine downgraded Activision Blizzard from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Robert W. Baird dropped their price objective on Activision Blizzard from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Monday, January 14th. Barclays reiterated a “buy” rating and issued a $59.00 price objective on shares of Activision Blizzard in a report on Sunday, January 13th. Benchmark dropped their price objective on Activision Blizzard from $87.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, February 11th. Finally, MKM Partners dropped their price objective on Activision Blizzard to $48.00 and set a “neutral” rating on the stock in a report on Monday, January 14th. Twelve investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $62.04.

In other news, Director Robert J. Morgado sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total transaction of $643,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.29% of the company’s stock.

Activision Blizzard stock opened at $49.55 on Friday. Activision Blizzard, Inc. has a twelve month low of $39.85 and a twelve month high of $84.68. The company has a quick ratio of 2.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.24. The company has a market cap of $36.93 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 2.42 and a beta of 0.83.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.13. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. As a group, research analysts forecast that Activision Blizzard, Inc. will post 1.97 EPS for the current year.

The firm also recently announced an annual dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.37 per share. This represents a dividend yield of 0.83%. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. The ex-dividend date is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio is 15.48%.

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Activision Blizzard Company Profile

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

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