At Bancorp Lowers stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : At Bancorp reduced its stake in Activision Blizzard by 6.43% during the most recent quarter end. The investment management company now holds a total of 101,750 shares of Activision Blizzard which is valued at $4,391,530 after selling 6,993 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Activision Blizzard makes up approximately 0.61% of At Bancorp’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd boosted its stake in ATVI in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 176,144 shares of Activision Blizzard which is valued at $7,602,375. Activision Blizzard makes up approx 0.13% of Gulf International Bank (uk) Ltd’s portfolio.Fisher Asset Management boosted its stake in ATVI in the latest quarter, The investment management firm added 512 additional shares and now holds a total of 6,287 shares of Activision Blizzard which is valued at $275,308. Simplex Trading added ATVI to its portfolio by purchasing 8,151 company shares during the most recent quarter which is valued at $357,992. Activision Blizzard makes up approx 0.05% of Simplex Trading’s portfolio.Chevy Chase Trust Holdings boosted its stake in ATVI in the latest quarter, The investment management firm added 134,093 additional shares and now holds a total of 571,527 shares of Activision Blizzard which is valued at $25,450,097. Activision Blizzard makes up approx 0.14% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ATVI in the latest quarter, The investment management firm added 366,622 additional shares and now holds a total of 443,292 shares of Activision Blizzard which is valued at $19,739,793. Activision Blizzard makes up approx 0.08% of Bnp Paribas Arbitrage Sa’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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