Morgens Waterfall Vintiadis Co Inc buys $6,134,700 stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Morgens Waterfall Vintiadis Co Inc scooped up 54,000 additional shares in Activision Blizzard during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 143,000 shares of Activision Blizzard which is valued at $6,134,700.Activision Blizzard makes up approximately 5.54% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in ATVI in the latest quarter, The investment management firm added 6,817 additional shares and now holds a total of 39,302 shares of Activision Blizzard which is valued at $1,686,056. Activision Blizzard makes up approx 0.01% of Creative Planning’s portfolio. Contravisory Investment Management added ATVI to its portfolio by purchasing 345 company shares during the most recent quarter which is valued at $15,108.Oregon Public Employees Retirement Fund boosted its stake in ATVI in the latest quarter, The investment management firm added 24,025 additional shares and now holds a total of 148,269 shares of Activision Blizzard which is valued at $6,492,700. Activision Blizzard makes up approx 0.14% of Oregon Public Employees Retirement Fund’s portfolio. Summit Financial Wealth Advisors added ATVI to its portfolio by purchasing 15,798 company shares during the most recent quarter which is valued at $703,485. Activision Blizzard makes up approx 0.31% of Summit Financial Wealth Advisors’s portfolio.

Activision Blizzard closed down -0.89 points or -2.03% at $42.9 with 70,05,641 shares getting traded on Tuesday. Post opening the session at $43.56, the shares hit an intraday low of $42.51 and an intraday high of $43.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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