Public Employees Retirement Association of Colorado Sells 5,011 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,432 shares of the company’s stock after selling 5,011 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Activision Blizzard were worth $10,321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smithfield Trust Co grew its holdings in shares of Activision Blizzard by 8.0% during the 2nd quarter. Smithfield Trust Co now owns 1,566 shares of the company’s stock worth $131,000 after purchasing an additional 116 shares during the period. Chemistry Wealth Management LLC grew its holdings in shares of Activision Blizzard by 1.4% during the 2nd quarter. Chemistry Wealth Management LLC now owns 8,768 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares during the period. DGS Capital Management LLC grew its holdings in shares of Activision Blizzard by 4.1% during the 1st quarter. DGS Capital Management LLC now owns 3,296 shares of the company’s stock worth $282,000 after purchasing an additional 129 shares during the period. Hollencrest Capital Management grew its holdings in shares of Activision Blizzard by 9.7% during the 1st quarter. Hollencrest Capital Management now owns 1,470 shares of the company’s stock worth $126,000 after purchasing an additional 130 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Activision Blizzard by 2.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,009 shares of the company’s stock worth $383,000 after purchasing an additional 134 shares during the period. 81.93% of the stock is currently owned by institutional investors.

Activision Blizzard Price Performance

Shares of NASDAQ ATVI opened at $94.42 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.66 and a current ratio of 4.66. Activision Blizzard, Inc. has a fifty-two week low of $70.94 and a fifty-two week high of $94.57. The firm has a market capitalization of $74.29 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.61 and a beta of 0.44. The stock’s 50-day simple moving average is $93.75 and its 200-day simple moving average is $88.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATVI shares. Robert W. Baird cut Activision Blizzard from an “outperform” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Tuesday, July 18th. Citigroup lowered Activision Blizzard from a “buy” rating to a “neutral” rating and increased their target price for the stock from $90.00 to $95.00 in a research note on Thursday, July 20th. UBS Group lowered Activision Blizzard from a “buy” rating to a “neutral” rating and increased their target price for the stock from $95.00 to $96.00 in a research note on Thursday, July 20th. Edward Jones lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Atlantic Securities lowered Activision Blizzard from an “overweight” rating to a “neutral” rating and set a $95.00 target price on the stock. in a research note on Tuesday, July 18th. Sixteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $94.28.

Activision Blizzard Company Profile

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.