Activision Blizzard, Inc (NASDAQ:ATVI).
Gateway Investment Advisers LLC raised its position in Activision Blizzard, Inc shares by 0.3% in its quarterly SEC filing. Its investment stood at $31,942,000 an increase of 15.9% as of the end of the quarter.
Gateway Investment Advisers LLC isn’t the only one who has changed their investment in ATVI. As of the end of the quarter Clinton Group Inc had sold 94,268 shares trimming its stake by 74.0%. The value of the investment in ATVI decreased from $4,602,000 to $1,654,000 a change of 64.1% quarter over quarter. Waverton Investment Management Ltd augmented its position by buying 5,255 shares an increase of 1.5%. Waverton Investment Management Ltd claims 365,299 shares worth $21,030,000. The total value of its holdings increased 17.1%.
Bank Of Montreal /can/ reduced its investment by shedding 906 shares a decrease of 3.5% in the quarter. Bank Of Montreal /can/ now holds 24,823 shares valued at $1,429,000. The value of the position overall is up by 11.4%.
Mizuho initiated coverage with an initial rating of “Outperform”. Equity analyst Morgan Stanley initiated coverage on the stock with a rating of “Overweight” and a price target of $56.00.
On July 28, 2016 the stock rating was set at “Neutral” by MKM Partners a cut from the previous “” rating. On April 27, 2016 BMO Capital began coverage of ATVI setting a rating of “Market Perform”.
On March 30 the company was rated “Long-term Buy” in a report from Hilliard Lyons down from the previous “Buy” rating. March 17 investment analysts at Barclays made no change to the company rating of “Overweight” but moved up the price target to $35.00 from $32.00.
The company is trading up from yesterday’s close of $57.98. Activision Blizzard, Inc declared a dividend for shareholders paid on Wednesday the 10th of May 2017. The dividend was $0.075 per share for the quarter or $0.30 on an annualized basis. This dividend represents a yield of $0.52. The ex-dividend date was Tuesday the 28th of March 2017.
The stock last traded at $59.58 which is slightly above $58.42, the stock’s 50 day moving average and which is marginally higher than the 200 day moving average of $48.26. The 50 day moving average was up $1.21 and the 200 day average was up $11.38.
The company’s P/E ratio is 43.75 and the market cap is 44.94B. In the latest earnings report the EPS was $1.36 and is estimated to be $2.00 for the current year with 753,662,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.48 and the next full year EPS is projected to be $2.45.
Investors are more bullish on shares of the company as implied by the decrease in short interest. The firm saw a fall in short interest of -26.57% between June 15, 2017 and May 31, 2017. Short shares decreased 3,176,134 over that period. Days to cover decreased from 1.5 to 1.1 and the percentage of shorted shares was 0.01% on May 31.