Activision Blizzard (ATVI) : Rosenblum Silverman Sutton S F Inc Ca reduced its stake in Activision Blizzard by 1.02% during the most recent quarter end. The investment management company now holds a total of 162,135 shares of Activision Blizzard which is valued at $6,123,839 after selling 1,665 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Activision Blizzard makes up approximately 2.94% of Rosenblum Silverman Sutton S F Inc Ca’s portfolio.
Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in ATVI in the latest quarter, The investment management firm added 3,408,595 additional shares and now holds a total of 4,306,167 shares of Activision Blizzard which is valued at $162,643,928. Activision Blizzard makes up approx 0.08% of Massachusetts Financial Services Co’s portfolio.Cadian Capital Management Lp boosted its stake in ATVI in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 785,000 shares of Activision Blizzard which is valued at $30,379,500. Activision Blizzard makes up approx 1.61% of Cadian Capital Management Lp’s portfolio.Investment Centers Of America Inc boosted its stake in ATVI in the latest quarter, The investment management firm added 1,950 additional shares and now holds a total of 8,107 shares of Activision Blizzard which is valued at $313,741. Activision Blizzard makes up approx 0.03% of Investment Centers Of America Inc’s portfolio. Dowling Yahnke added ATVI to its portfolio by purchasing 10,044 company shares during the most recent quarter which is valued at $439,827. Activision Blizzard makes up approx 0.05% of Dowling Yahnke’s portfolio.
Activision Blizzard closed down -1.55 points or -3.88% at $38.39 with 1,86,79,106 shares getting traded on Monday. Post opening the session at $39.92, the shares hit an intraday low of $38.13 and an intraday high of $40.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Activision Blizzard reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.42. The company had revenue of $1568.00 million for the quarter, compared to analysts expectations of $1564.20 million. The company’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by The Benchmark Company on Nov 7, 2016 to “Buy”, Firm has raised the Price Target to $ 50.87 from a previous price target of $49.79 .Company shares were Reiterated by Wedbush on Nov 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $48 .Morgan Stanley Initiated Activision Blizzard on Sep 23, 2016 to “Overweight”, Price Target of the shares are set at $56.
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.