Chartist Inc Ca Exits Position in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Chartist Inc Ca has sold out all of its stake in Activision Blizzard during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 7,495 shares of Activision Blizzard which is valued at $302,648.

Other Hedge Funds, Including , Buckingham Asset Management added ATVI to its portfolio by purchasing 5,461 company shares during the most recent quarter which is valued at $220,515. Activision Blizzard makes up approx 0.07% of Buckingham Asset Management’s portfolio.Lmr Partners Llp boosted its stake in ATVI in the latest quarter, The investment management firm added 184,282 additional shares and now holds a total of 250,584 shares of Activision Blizzard which is valued at $10,063,453. Activision Blizzard makes up approx 1.51% of Lmr Partners Llp’s portfolio.Botty Investors reduced its stake in ATVI by selling 2,850 shares or 4.19% in the most recent quarter. The Hedge Fund company now holds 65,190 shares of ATVI which is valued at $2,701,474. Activision Blizzard makes up approx 1.48% of Botty Investors’s portfolio.Oakbrook Investments boosted its stake in ATVI in the latest quarter, The investment management firm added 7,100 additional shares and now holds a total of 61,450 shares of Activision Blizzard which is valued at $2,546,488. Activision Blizzard makes up approx 0.14% of Oakbrook Investments’s portfolio.Morgens Waterfall Vintiadis Co Inc boosted its stake in ATVI in the latest quarter, The investment management firm added 28,000 additional shares and now holds a total of 89,000 shares of Activision Blizzard which is valued at $3,688,160. Activision Blizzard makes up approx 3.61% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

Activision Blizzard opened for trading at $40.73 and hit $40.91 on the upside on Monday, eventually ending the session at $40.61, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 80,80,238 shares. Company has a market cap of $30,111 M.

On the company’s financial health, Activision Blizzard reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $1609.00 million for the quarter, compared to analysts expectations of $1447.97 million. The company’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Stifel on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .

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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