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"Whether you're an institutional investor, or you're a retail investor, right now you're trying to understand what is signal and what is noise. And there has been a lot of noise."

"Whether you're an institutional investor, or you're a retail investor, right now you're trying to understand what is signal and what is noise. And there has been a lot of noise"

An activist investor is an individual or institutional investor who buys a large amount of a company's stock to gain influence and pressure the company's leadership to make changes, so some analysts began to speculate whether leadership at Starboard and Elliot would make a push to replace Narasimhan.

CalPERS — the California Public Employees’ Retirement System — is an institutional investor to be reckoned with.

CalPERS, which is Disney’s 26th largest institutional investor, according to data firm FactSet, said it voted its nearly 7 million shares for Peltz and Rasulo.