Activision Blizzard (ATVI) : Handelsbanken Fonder Ab reduced its stake in Activision Blizzard by 11.49% during the most recent quarter end. The investment management company now holds a total of 1,102,051 shares of Activision Blizzard which is valued at $46,440,429 after selling 143,000 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Activision Blizzard makes up approximately 1.84% of Handelsbanken Fonder Ab’s portfolio.
Other Hedge Funds, Including , Capital Analysts reduced its stake in ATVI by selling 15 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 17,479 shares of ATVI which is valued at $736,565. Activision Blizzard makes up approx 0.14% of Capital Analysts’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in ATVI in the latest quarter, The investment management firm added 295 additional shares and now holds a total of 34,322 shares of Activision Blizzard which is valued at $1,445,299. Activision Blizzard makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Davenport Co reduced its stake in ATVI by selling 3,585 shares or 12.47% in the most recent quarter. The Hedge Fund company now holds 25,173 shares of ATVI which is valued at $1,060,035. Activision Blizzard makes up approx 0.02% of Davenport Co’s portfolio.Vy Capital Management Ltd. reduced its stake in ATVI by selling 500,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 1,000,000 shares of ATVI which is valued at $42,110,000. Activision Blizzard makes up approx 62.37% of Vy Capital Management Ltd.’s portfolio.
Activision Blizzard closed down -0.06 points or -0.14% at $42.14 with 59,27,860 shares getting traded on Monday. Post opening the session at $42.4, the shares hit an intraday low of $42.05 and an intraday high of $42.44 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Activision Blizzard reported $0.23 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.12. The company had revenue of $908.00 million for the quarter, compared to analysts expectations of $813.79 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Barclays on Jun 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by The Benchmark Company on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 40.45 from a previous price target of $37.63 .
Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.