Adi Capital Management Has Cut Symantec (SYMC) Holding by $896,000 as Share Value Rose; Alkeon Capital Management Increased Activision Blizzard (ATVI) Holding by $15.82 Million

November 15, 2017 - By Michael Collier

Adi Capital Management Llc decreased its stake in Symantec Corp (SYMC) by 4.73% based on its latest 2017Q2 regulatory filing with the SEC. Adi Capital Management Llc sold 32,000 shares as the company’s stock rose 0.76% with the market. The institutional investor held 644,390 shares of the prepackaged software company at the end of 2017Q2, valued at $18.20M, down from 676,390 at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Symantec Corp for a number of months, seems to be less bullish one the $17.42B market cap company. It closed at $28.1 lastly. It is down 71.82% since November 15, 2016 and is uptrending. It has outperformed by 55.12% the S&P500.

Panayotis Takis Sparaggis increased its stake in Activision Blizzard Inc (ATVI) by 7.85% based on its latest 2017Q2 regulatory filing with the SEC. Alkeon Capital Management Llc bought 277,476 shares as the company’s stock rose 23.27% with the market. The hedge fund run by Panayotis Takis Sparaggis held 3.81 million shares of the technology company at the end of 2017Q2, valued at $219.46 million, up from 3.53 million at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be bullish on the $48.41B market cap company. The stock declined 0.83% or $0.53 reaching $63.5 on the news. About 20,893 shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 47.83% since November 15, 2016 and is uptrending. It has outperformed by 31.13% the S&P500.

Among 28 analysts covering Activision Blizzard (NASDAQ:ATVI), 22 have Buy rating, 0 Sell and 6 Hold. Therefore 79% are positive. Activision Blizzard had 115 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 10 by Stifel Nicolaus. Credit Suisse maintained it with “Buy” rating and $7400 target in Friday, August 4 report. As per Thursday, August 6, the company rating was downgraded by Hilliard Lyons. Barclays Capital maintained the stock with “Overweight” rating in Friday, February 12 report. The company was maintained on Wednesday, September 6 by Cowen & Co. M Partners maintained it with “Buy” rating and $32 target in Wednesday, August 5 report. Jefferies maintained Activision Blizzard, Inc. (NASDAQ:ATVI) on Tuesday, September 5 with “Buy” rating. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Outperform” rating given on Monday, January 25 by Credit Suisse. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Thursday, September 7 by Stifel Nicolaus. Jefferies maintained the shares of ATVI in report on Friday, November 3 with “Buy” rating.

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.24, from 0.91 in 2017Q1. It improved, as 53 investors sold ATVI shares while 215 reduced holdings. 98 funds opened positions while 210 raised stakes. 639.89 million shares or 1.59% less from 650.21 million shares in 2017Q1 were reported. Eqis Capital Mngmt accumulated 0.11% or 34,193 shares. Glaxis Capital Lc accumulated 5,000 shares or 0.56% of the stock. Sg Americas Limited Liability Corporation reported 4,090 shares or 0% of all its holdings. State Common Retirement Fund invested 0.14% in Activision Blizzard, Inc. (NASDAQ:ATVI). Moreover, Cornerstone Incorporated has 0.01% invested in Activision Blizzard, Inc. (NASDAQ:ATVI). Vermont-based Manchester Management Ltd Liability has invested 0.05% in Activision Blizzard, Inc. (NASDAQ:ATVI). First Personal Fincl Services owns 349 shares for 0% of their portfolio. Oregon Employees Retirement Fund holds 0.16% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 168,517 shares. Smithfield Trust holds 0% or 382 shares. West Oak Capital Limited Liability Corp holds 0% or 300 shares. Granite Invest Prns Ltd Liability Co has invested 0.6% in Activision Blizzard, Inc. (NASDAQ:ATVI). Meiji Yasuda Asset stated it has 13,604 shares or 0.08% of all its holdings. Tcw Group Inc Inc reported 0.02% in Activision Blizzard, Inc. (NASDAQ:ATVI). Us Comml Bank De has invested 0.02% in Activision Blizzard, Inc. (NASDAQ:ATVI). Perkins Coie Tru Com has 657 shares for 0.02% of their portfolio.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Wsj.com which released: “Activision Blizzard Earnings: What to Watch” on November 02, 2017, also Seekingalpha.com with their article: “Activision Blizzard: Long-Term Bullish” published on November 06, 2017, Fool.com published: “Will Activision Blizzard Crush Expectations Yet Again?” on October 31, 2017. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Gurufocus.com and their article: “Frank Sands Buys Activision Blizzard Inc, Chipotle Mexican Grill Inc, CoStar …” published on November 14, 2017 as well as Fool.com‘s news article titled: “Activision Blizzard Inc. Earnings Preview: What to Watch” with publication date: October 26, 2017.

Alkeon Capital Management Llc, which manages about $5.66 billion and $12.41 billion US Long portfolio, decreased its stake in Jd Com Inc (Call) (NASDAQ:JD) by 77,500 shares to 2.00M shares, valued at $78.44M in 2017Q2, according to the filing. It also reduced its holding in Mastercard Incorporated (NYSE:MA) by 191,277 shares in the quarter, leaving it with 1.13 million shares, and cut its stake in Ss&C Technologies Hldgs Inc (NASDAQ:SSNC).

More important recent Symantec Corporation (NASDAQ:SYMC) news were published by: Seekingalpha.com which released: “Symantec: The Case Of The Disappearing Guide-Down” on November 07, 2017, also Seekingalpha.com published article titled: “Quick Take On Symantec Q2 FY2018 Earnings And More”, Businesswire.com published: “Symantec Announces Acquisition of SurfEasy, Inc.” on November 06, 2017. More interesting news about Symantec Corporation (NASDAQ:SYMC) was released by: Nasdaq.com and their article: “Symantec Corporation Announces 40% Gain In Q2 Bottom Line” with publication date: November 01, 2017.

Investors sentiment increased to 0.95 in 2017 Q2. Its up 0.14, from 0.81 in 2017Q1. It increased, as 54 investors sold SYMC shares while 167 reduced holdings. 65 funds opened positions while 146 raised stakes. 554.80 million shares or 1.02% less from 560.54 million shares in 2017Q1 were reported. Oppenheimer Asset Mgmt reported 42,800 shares. Louisiana State Employees Retirement System invested in 37,700 shares or 0.05% of the stock. Cambridge Research has invested 0.01% in Symantec Corporation (NASDAQ:SYMC). Envestnet Asset Inc has invested 0.01% in Symantec Corporation (NASDAQ:SYMC). Mark Sheptoff Planning Ltd Llc reported 0.04% stake. United Serv Automobile Association accumulated 315,218 shares. Paloma Ptnrs Mngmt invested in 14,054 shares or 0% of the stock. Oakworth holds 0% of its portfolio in Symantec Corporation (NASDAQ:SYMC) for 205 shares. State Of New Jersey Common Pension Fund D invested in 240,000 shares. Cornerstone Advisors invested in 0.09% or 17,400 shares. Amp Cap Invsts Ltd reported 0.08% of its portfolio in Symantec Corporation (NASDAQ:SYMC). 500 were reported by Evercore Wealth Management Ltd Liability Com. Glob X Limited Co holds 0.01% or 12,023 shares. Zacks Inv Management stated it has 0.2% in Symantec Corporation (NASDAQ:SYMC). Moreover, Rhumbline Advisers has 0.08% invested in Symantec Corporation (NASDAQ:SYMC) for 1.23 million shares.

Since May 17, 2017, it had 0 insider purchases, and 4 insider sales for $2.41 million activity. Divol Roxane also sold $560,916 worth of Symantec Corporation (NASDAQ:SYMC) shares. On Thursday, June 1 Garfield Mark S. sold $342,626 worth of Symantec Corporation (NASDAQ:SYMC) or 11,397 shares. Rosch Francis C sold 47,344 shares worth $1.43M. Shares for $60,326 were sold by Sands Anita M on Wednesday, May 17.

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