The stock of Autodesk, Inc. (NASDAQ:ADSK) is a huge mover today! The stock last traded at $71.18 per share. It is down 31.06% since March 1, 2016 and is uptrending. It has outperformed by 21.82% the S&P500.
The move comes after 5 months positive chart setup for the $15.54 billion company. It was reported on Oct, 4 by Barchart.com. We have $117.45 PT which if reached, will make NASDAQ:ADSK worth $10.10 billion more.
Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage
Out of 18 analysts covering Autodesk Inc. (NASDAQ:ADSK), 8 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 44% are positive. Autodesk Inc. has been the topic of 57 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Autodesk, Inc. (NASDAQ:ADSK) on Thursday, February 4 with “Sector Perform” rating. As per Tuesday, November 10, the company rating was downgraded by Canaccord Genuity. William Blair initiated the stock with “Outperform” rating in Tuesday, August 4 report. As per Friday, August 19, the company rating was maintained by RBC Capital Markets. On Tuesday, November 10 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was initiated by Wedbush with “Neutral” on Friday, September 9. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 26. The rating was maintained by Wedbush on Friday, May 20 with “Neutral”. Rosenblatt maintained the shares of ADSK in a report on Monday, August 31 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, December 4 with “Sector Perform”.
According to Zacks Investment Research, “Autodesk is one of the world’s leading design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk provides design software, Internet portal services, wireless development platforms, and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release)”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.18, from 1.05 in 2016Q1. The ratio is negative, as 47 funds sold all Autodesk, Inc. shares owned while 146 reduced positions. 33 funds bought stakes while 134 increased positions. They now own 211.46 million shares or 2.35% less from 216.56 million shares in 2016Q1.
Falcon Edge Capital Lp has 2.24% invested in the company for 563,000 shares. Moreover, Henderson Grp Pcl has 0.01% invested in Autodesk, Inc. (NASDAQ:ADSK) for 26,237 shares. Bancorpsouth last reported 7,250 shares in the company. Allen Inv Limited Liability Corp last reported 0.1% of its portfolio in the stock. Parallax Volatility Advisers Limited Partnership owns 121,900 shares or 0.01% of their US portfolio. Dnb Asset Mgmt As last reported 17,528 shares in the company. Westpac Banking accumulated 78,046 shares or 0% of the stock. Sunbelt Secs accumulated 141 shares or 0% of the stock. The California-based Parnassus Invests Ca has invested 0.5% in Autodesk, Inc. (NASDAQ:ADSK). Eaton Vance Mngmt has 22,757 shares for 0% of their US portfolio. Huntington Commercial Bank owns 15,817 shares or 0.02% of their US portfolio. Thrivent Financial For Lutherans has 7,067 shares for 0% of their US portfolio. Sumitomo Mitsui Tru Incorporated holds 594,246 shares or 0.06% of its portfolio. American Century has 0% invested in the company for 4,539 shares. Macquarie Grp last reported 0% of its portfolio in the stock.
Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 15 insider sales for $8.99 million net activity. BEVERIDGE CRAWFORD W sold 6,000 shares worth $351,780. NORRINGTON LORRIE M had sold 5,000 shares worth $280,000 on Wednesday, June 15. The insider BASS CARL sold 26,209 shares worth $1.47 million. Blum Steven M sold $900,000 worth of stock. $316,750 worth of Autodesk, Inc. (NASDAQ:ADSK) shares were sold by Anagnost Andrew. On Monday, August 15 the insider Di Fronzo Pascal W sold $666,623. Hanspal Amarpreet sold $1.19M worth of stock or 19,015 shares.
More news for Autodesk, Inc. (NASDAQ:ADSK) were recently published by: Fool.com, which released: “3 Things Autodesk, Inc. Management Wants You to Know” on September 08, 2016. Fool.com‘s article titled: “Why Shares of Autodesk, Inc. Jumped 13% in August” and published on September 07, 2016 is yet another important article.
ADSK Company Profile
Autodesk, Inc. (Autodesk), incorporated on May 10, 1994, is a design software and services company, offering clients productive business solutions through technology services and products. The Firm serves clients in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Firm operates in four divisions: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The Company’s software products enable its clients to experience their ideas before they are real by allowing them to imagine, design and create their ideas and to visualize, simulate and analyze real-world performance early in the design process by creating digital prototypes.
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