One update within these new updates causes an error when trying to upgrade to the new version. The new version is shown on the Hyper-V console with the message "upgrade required" but I found other issues following this windows update.
In Veeam I saw this error message on all servers which had applied these updates:
A fix for this is to remove KB3161606 then reboot. Then run the dism cleanup : dism /online /cleanup-image /startcomponentcleanup to ensure everything is cleaned.
Then upgrade the Hyper-V tools and reboot again. One thing to note is that you can only have 1 version of the tools installed, so if you are using WSUS or SCCM, deny the installation of the old windows patch on the server.