Activision Blizzard, Inc (ATVI) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 26.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,984 shares of the company’s stock after acquiring an additional 2,062 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Activision Blizzard were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ATVI. Commerce Bank lifted its stake in Activision Blizzard by 10.6% during the 1st quarter. Commerce Bank now owns 11,684 shares of the company’s stock valued at $582,000 after acquiring an additional 1,117 shares during the period. Mosaic Family Wealth LLC lifted its stake in Activision Blizzard by 3.8% during the 1st quarter. Mosaic Family Wealth LLC now owns 7,800 shares of the company’s stock valued at $389,000 after acquiring an additional 287 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Activision Blizzard by 30.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,309 shares of the company’s stock valued at $2,558,000 after acquiring an additional 12,113 shares during the period. Mitchell Capital Management Co. lifted its stake in Activision Blizzard by 25.2% during the 1st quarter. Mitchell Capital Management Co. now owns 84,416 shares of the company’s stock valued at $4,209,000 after acquiring an additional 17,011 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Activision Blizzard by 153.4% during the 1st quarter. Toronto Dominion Bank now owns 185,597 shares of the company’s stock valued at $9,253,000 after acquiring an additional 533,179 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

In related news, Director Brian G. Kelly sold 3,685,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the sale, the director now directly owns 189,791 shares in the company, valued at $11,753,756.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock valued at $252,196,001 over the last quarter. 2.12% of the stock is owned by company insiders.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 65.16 on Friday. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $66.58. The stock has a market capitalization of $49.19 billion, a price-to-earnings ratio of 44.00 and a beta of 1.08. The company has a 50 day moving average of $63.19 and a 200-day moving average of $56.58.

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ATVI has been the topic of several research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a research note on Friday, September 8th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 target price on the stock in a research note on Thursday, June 8th. MKM Partners restated a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Finally, UBS AG restated a “buy” rating and set a $72.00 target price (up previously from $67.00) on shares of Activision Blizzard in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $62.87.

Activision Blizzard Company Profile

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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