Teachers Retirement System of The State of Kentucky Invests $5.33 Million in Activision Blizzard, Inc. (NASDAQ:ATVI)

Teachers Retirement System of The State of Kentucky purchased a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 71,743 shares of the company’s stock, valued at approximately $5,333,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. RFG Advisory LLC lifted its stake in Activision Blizzard by 30.4% in the 2nd quarter. RFG Advisory LLC now owns 3,732 shares of the company’s stock valued at $300,000 after purchasing an additional 871 shares during the last quarter. CX Institutional lifted its stake in Activision Blizzard by 37.3% in the 3rd quarter. CX Institutional now owns 8,423 shares of the company’s stock valued at $626,000 after purchasing an additional 2,287 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Activision Blizzard in the 3rd quarter valued at approximately $227,000. Assenagon Asset Management S.A. lifted its stake in Activision Blizzard by 3,179.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 352,815 shares of the company’s stock valued at $26,228,000 after purchasing an additional 342,056 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Activision Blizzard by 99.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,372 shares of the company’s stock valued at $102,000 after purchasing an additional 685 shares during the last quarter. Institutional investors own 79.34% of the company’s stock.

Activision Blizzard Trading Down 1.1 %

NASDAQ:ATVI opened at $78.99 on Friday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.41 and a beta of 0.42. The firm has a fifty day simple moving average of $76.72 and a two-hundred day simple moving average of $75.60. Activision Blizzard, Inc. has a 12 month low of $70.94 and a 12 month high of $81.50.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ATVI shares. Robert W. Baird raised shares of Activision Blizzard from a “neutral” rating to an “outperform” rating and set a $95.00 price objective for the company in a research note on Tuesday, November 22nd. Wells Fargo & Company upgraded shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price target for the company in a research report on Monday, November 28th. Truist Financial upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and upped their price target for the company from $79.00 to $81.00 in a research report on Monday, November 28th. Roth Capital restated a “buy” rating on shares of Activision Blizzard in a research report on Friday, February 10th. Finally, StockNews.com started coverage on shares of Activision Blizzard in a research report on Thursday. They issued a “hold” rating for the company. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.36.

Insiders Place Their Bets

In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $78.50, for a total value of $694,489.50. Following the completion of the sale, the chief operating officer now directly owns 156,170 shares in the company, valued at $12,259,345. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

About Activision Blizzard

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.