Vy Capital Management Ltd. Lowers stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Vy Capital Management Ltd. reduced its stake in Activision Blizzard by 33.33% during the most recent quarter end. The investment management company now holds a total of 1,000,000 shares of Activision Blizzard which is valued at $42,110,000 after selling 500,000 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Activision Blizzard makes up approximately 62.37% of Vy Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 7,187 shares of ATVI which is valued $302,645. Alpha Windward sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 2,065 shares of ATVI which is valued $85,264. Ct Financial Advisors sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 519 shares of ATVI which is valued $21,430.Bnp Paribas Arbitrage Sa reduced its stake in ATVI by selling 269,411 shares or 77.85% in the most recent quarter. The Hedge Fund company now holds 76,670 shares of ATVI which is valued at $3,165,704. Activision Blizzard makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Activision Blizzard closed down -0.55 points or -1.29% at $42.11 with 1,14,62,318 shares getting traded on Wednesday. Post opening the session at $42.79, the shares hit an intraday low of $42.045 and an intraday high of $43.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

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