Activision Blizzard (ATVI) Market Value Declined While Coatue Management Has Trimmed Its Position by $789,193; Polaris Wealth Advisers Increased Its Check Point Software Tech Lt (CHKP) Holding by $882,783 as Market Valuation Declined

June 14, 2018 - By Kurt Siggers

Activision Blizzard, Inc. (NASDAQ:ATVI) Logo

Philippe Laffont decreased its stake in Activision Blizzard Inc (ATVI) by 0.12% based on its latest 2018Q1 regulatory filing with the SEC. Coatue Management Llc sold 11,779 shares as the company’s stock declined 2.32% with the market. The hedge fund run by Philippe Laffont held 9.49 million shares of the technology company at the end of 2018Q1, valued at $640.00 million, down from 9.50 million at the end of the previous reported quarter. Coatue Management Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $59.15B market cap company. The stock increased 1.36% or $1.04 during the last trading session, reaching $77.71. About 6.15 million shares traded or 1.92% up from the average. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 20.67% since June 14, 2017 and is uptrending. It has outperformed by 8.10% the S&P500. Some Historical ATVI News: 03/05/2018 – Activision Blizzard Sees 2Q Adj EPS 46c; 03/05/2018 – ACTIVISION CFO – AMRITA AHUJA IS GOING TO BECOME NEXT CFO OF BLIZZARD – CONF CALL; 05/04/2018 – Prepare to Join the Battle for Azeroth™—New World of Warcraft® Expansion Arrives August 14; 03/05/2018 – Activision Blizzard Increases CY 2018 Rev and EPS Outlook; 03/05/2018 – Activision Blizzard 1Q Net $500M; 20/03/2018 – S&P Raises Ratings on Activision, Including Corporate Credit Rating, to ‘BBB+’ From ‘BBB’; 03/05/2018 – Activision Blizzard 1Q Rev $1.7B; 03/05/2018 – Activision Blizzard Results Get Boost From In-Game Spending; 24/05/2018 – Activision Blizzard and the Call of Duty™ Endowment Named a 2018 Halo Award Winner; 03/05/2018 – Activision Blizzard shares struggle for gains after reopening

Polaris Wealth Advisers Llc increased its stake in Check Point Software Tech Lt (CHKP) by 40.04% based on its latest 2018Q1 regulatory filing with the SEC. Polaris Wealth Advisers Llc bought 8,917 shares as the company’s stock declined 8.29% with the market. The institutional investor held 31,187 shares of the prepackaged software company at the end of 2018Q1, valued at $3.10 million, up from 22,270 at the end of the previous reported quarter. Polaris Wealth Advisers Llc who had been investing in Check Point Software Tech Lt for a number of months, seems to be bullish on the $15.89B market cap company. The stock decreased 0.13% or $0.13 during the last trading session, reaching $99.94. About 724,415 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has declined 12.87% since June 14, 2017 and is downtrending. It has underperformed by 25.44% the S&P500. Some Historical CHKP News: 04/05/2018 – Finjan Files Patent Infringement Complaint Against Check Point USA and Check Point Israel; 26/03/2018 – Check Point Software Short-Interest Ratio Rises 49% to 12 Days; 23/05/2018 – CISCO SAYS IT SUSPECTS RUSSIAN GOV’T BEHIND HACKING CAMPAIGN AND WARNS IT MAY BE PLANNING ANOTHER ATTACK ON UKRAINE; 25/04/2018 – Check Point Software 1Q Net $187M; 13/04/2018 – March’s Most Wanted Malware: Cryptomining Malware That Works Outside the Web Browser on the Rise, says Check Point; 25/04/2018 – Check Point Software 1Q Adj EPS $1.30; 01/05/2018 – Check Point Software Announces Americas CPX Conference Series for Gen V Cyber Security Protection; 12/03/2018 – February’s Most Wanted Malware: Cryptomining Malware Continues to Chip Away at Enterprise CPU Power, says Check Point; 23/05/2018 – HEAD OF UKRAINE’S CYBER POLICE SAYS AGENCY IS WORKING WITH SECURITY SERVICE TO PROTECT UKRAINE AGAINST POSSIBLE NEW CYBER THREAT; 14/05/2018 – April’s Most Wanted Malware: Cryptomining Malware Targeting Unpatched Server Vulnerabilities, says Check Point

Among 33 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 4 have Buy rating, 1 Sell and 28 Hold. Therefore 12% are positive. Check Point Software Technologies Ltd. had 83 analyst reports since September 10, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Friday, July 14. As per Thursday, September 15, the company rating was initiated by Guggenheim. Jefferies maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Friday, July 7. Jefferies has “Buy” rating and $12600 target. UBS maintained the stock with “Neutral” rating in Wednesday, November 1 report. As per Wednesday, September 6, the company rating was maintained by Cowen & Co. The rating was downgraded by Stephens to “Hold” on Wednesday, November 1. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Hold” rating by Evercore on Thursday, July 20. Evercore initiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Tuesday, December 15. Evercore has “Hold” rating and $94 target. Credit Suisse maintained the shares of CHKP in report on Thursday, April 26 with “Neutral” rating. The firm has “Hold” rating given on Friday, October 6 by Piper Jaffray.

More notable recent Check Point Software Technologies Ltd. (NASDAQ:CHKP) news were published by: Seekingalpha.com which released: “Palo Alto Networks +1.2% on Q3 beats, upside revenue guide” on June 04, 2018, also Nasdaq.com with their article: “Check Point Software to Discuss Fifth-Generation Cyber Security at Gartner’s Security & Risk Management Summit 2018” published on June 06, 2018, 247Wallst.com published: “Short Sellers Hike Bets in Cybersecurity Stocks” on June 12, 2018. More interesting news about Check Point Software Technologies Ltd. (NASDAQ:CHKP) were released by: Fool.com and their article: “Don’t Get Greedy Yet With Check Point Software Technologies Stock” published on May 26, 2018 as well as Nasdaq.com‘s news article titled: “New Research Coverage Highlights Star Bulk Carriers, Check Point Software Technologies, NetEase, CURO Group …” with publication date: June 04, 2018.

Polaris Wealth Advisers Llc, which manages about $424.68 million and $1.23B US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 177,784 shares to 180 shares, valued at $24,000 in 2018Q1, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 19,130 shares in the quarter, leaving it with 24 shares, and cut its stake in Ishares Tr (IJR).

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.28, from 1.18 in 2017Q4. It is negative, as 61 investors sold ATVI shares while 260 reduced holdings. 86 funds opened positions while 202 raised stakes. 638.65 million shares or 1.09% more from 631.75 million shares in 2017Q4 were reported. Tradewinds Limited Company accumulated 16 shares. Price T Rowe Assocs Incorporated Md invested in 16.55M shares. Keybank Natl Association Oh holds 0% or 7,085 shares in its portfolio. New York State Common Retirement Fund holds 0.17% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 1.97 million shares. Gam Holdings Ag stated it has 98,766 shares. Nuveen Asset, a Illinois-based fund reported 39,130 shares. White Elm Capital Lc has invested 1.09% in Activision Blizzard, Inc. (NASDAQ:ATVI). Hsbc Public Lc holds 0.07% or 739,563 shares. Dimensional Fund Advisors Lp holds 2.47M shares. Buckingham Asset Ltd Liability Corp has 0.05% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). 600 are owned by Optimum Inv Advsrs. South Dakota Investment Council reported 15,400 shares stake. Bnp Paribas Arbitrage holds 205,908 shares. Perigon Wealth Management Ltd Llc invested 0.02% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). The Pennsylvania-based Vanguard Grp has invested 0.16% in Activision Blizzard, Inc. (NASDAQ:ATVI).

Among 32 analysts covering Activision Blizzard (NASDAQ:ATVI), 24 have Buy rating, 0 Sell and 8 Hold. Therefore 75% are positive. Activision Blizzard had 137 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, August 6. The company was maintained on Friday, February 10 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, February 6 by Bank of America. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Friday, February 12 by Benchmark. Stifel Nicolaus maintained the shares of ATVI in report on Friday, May 4 with “Buy” rating. Barclays Capital maintained the shares of ATVI in report on Friday, August 5 with “Overweight” rating. The firm has “Buy” rating given on Friday, August 4 by Jefferies. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Neutral” rating given on Wednesday, November 8 by Hilliard Lyons. Cowen & Co maintained the shares of ATVI in report on Wednesday, September 6 with “Buy” rating. Morgan Stanley maintained it with “Buy” rating and $6700 target in Wednesday, June 7 report.

Since February 16, 2018, it had 0 buys, and 9 insider sales for $160.61 million activity. 1.70 million shares were sold by KELLY BRIAN G, worth $120.10M on Wednesday, February 21. Wereb Stephen G sold $8.72 million worth of stock. CORTI ROBERT J had sold 88,000 shares worth $6.15M on Friday, February 16. 20,000 shares were sold by MORGADO ROBERT J, worth $1.42 million on Friday, February 23. Shares for $5.41M were sold by Durkin Dennis M. Morhaime Michael had sold 205,875 shares worth $14.62M.

Coatue Management Llc, which manages about $14.38 billion and $12.11B US Long portfolio, upped its stake in Zillow Group Inc by 859,001 shares to 1.20 million shares, valued at $64.37 million in 2018Q1, according to the filing. It also increased its holding in Electronic Arts Inc (NASDAQ:EA) by 2.38 million shares in the quarter, for a total of 6.69 million shares, and has risen its stake in Twitter Inc (NYSE:TWTR).

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Seekingalpha.com which released: “Activision: Press ‘A’ To Pay” on May 30, 2018, also Seekingalpha.com with their article: “Baird restates bullish videogame take on cusp of E3” published on June 11, 2018, Nasdaq.com published: “Activision Blizzard Eyes Consumer Products Growth for One of Its Biggest Franchises” on June 08, 2018. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Seekingalpha.com and their article: “There Is A Lot Going On Underneath The Market – Cramer’s Mad Money (6/11/18)” published on June 12, 2018 as well as Nasdaq.com‘s news article titled: “Here’s Why I Believe Tencent Stock is Fairly Valued” with publication date: June 04, 2018.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on August, 2. They expect $0.32 EPS, down 37.25% or $0.19 from last year’s $0.51 per share. ATVI’s profit will be $243.58M for 60.71 P/E if the $0.32 EPS becomes a reality. After $0.34 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

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