NZ Super Fund trims stake in Sky Network Television

SKY Network Television ( (NZ:SKT) ) has issued an update.

New Zealand Superannuation Fund Nominees Limited, acting as nominee for the government-owned New Zealand Superannuation Fund, has reduced its substantial shareholding in Sky Network Television. The fund now holds 12,085,086 ordinary shares, representing 8.778% of Sky’s issued capital, down from 9.825% in its previous disclosure.

Between 11 February and 15 May 2026, the fund bought 109,751 Sky shares and sold 1,550,671 shares on market, resulting in a net decrease in its position. The holding is split between NZSF’s internal equities portfolios and a portfolio managed by Mint Asset Management, signalling a rebalancing of the fund’s exposure to Sky while remaining a significant institutional shareholder.

The most recent analyst rating on (NZ:SKT) stock is a Sell with a N$2.50 price target. To see the full list of analyst forecasts on SKY Network Television stock, see the NZ:SKT Stock Forecast page.

More about SKY Network Television

Sky Network Television is a New Zealand-based pay television and broadcasting company, providing subscription TV, streaming services and related content distribution to domestic audiences. The company operates in the media and entertainment sector, focusing on delivering sports, news and general entertainment channels to households and commercial customers across New Zealand.

Average Trading Volume: 138,545

Technical Sentiment Signal: Buy

Current Market Cap: N$437.8M

For detailed information about SKT stock, go to TipRanks’ Stock Analysis page.