Dsam Partners (london) Ltd buys $35,818,125 stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Dsam Partners (london) Ltd scooped up 267,049 additional shares in Activision Blizzard during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 867,057 shares of Activision Blizzard which is valued at $35,818,125.Activision Blizzard makes up approximately 11.91% of Dsam Partners (london) Ltd’s portfolio.

Other Hedge Funds, Including , Thompson Davis boosted its stake in ATVI in the latest quarter, The investment management firm added 226 additional shares and now holds a total of 1,114 shares of Activision Blizzard which is valued at $45,240. Activision Blizzard makes up approx 0.07% of Thompson Davis’s portfolio. Cable Hill Partners added ATVI to its portfolio by purchasing 605 company shares during the most recent quarter which is valued at $24,539. Activision Blizzard makes up approx 0.02% of Cable Hill Partners’s portfolio. Rathbone Brothers Plc added ATVI to its portfolio by purchasing 564,080 company shares during the most recent quarter which is valued at $22,777,550. Activision Blizzard makes up approx 1.23% of Rathbone Brothers Plc’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in ATVI in the latest quarter, The investment management firm added 148,348 additional shares and now holds a total of 934,476 shares of Activision Blizzard which is valued at $37,734,141. Activision Blizzard makes up approx 0.11% of Mizuho Trust Banking Ltd.’s portfolio.Deltec Asset Management boosted its stake in ATVI in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 60,000 shares of Activision Blizzard which is valued at $2,453,400. Activision Blizzard makes up approx 0.59% of Deltec Asset Management’s portfolio.

Activision Blizzard opened for trading at $39.55 and hit $39.96 on the upside on Wednesday, eventually ending the session at $39.88, with a gain of 1.45% or 0.57 points. The heightened volatility saw the trading volume jump to 1,15,13,547 shares. Company has a market cap of $29,570 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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