Eqis Capital Management buys $1,669,430 stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Eqis Capital Management scooped up 1,885 additional shares in Activision Blizzard during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 37,490 shares of Activision Blizzard which is valued at $1,669,430.Activision Blizzard makes up approximately 0.11% of Eqis Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in ATVI in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 1,555 shares of Activision Blizzard which is valued at $69,244. Activision Blizzard makes up approx 0.02% of Washington Trust Bank’s portfolio.

Activision Blizzard opened for trading at $44.2 and hit $44.35 on the upside on Tuesday, eventually ending the session at $44.13, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 57,86,489 shares. Company has a market cap of $32,721 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. Morgan Stanley Initiated Activision Blizzard on Sep 23, 2016 to “Overweight”, Price Target of the shares are set at $56.Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .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 .

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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