A Reversal for Autodesk, Inc. (ADSK) Is Not Near. The Stock Reaches 52-Week High Today

June 21, 2018 - By Dolores Ford

Autodesk, Inc. (NASDAQ:ADSK) Logo

Investors sentiment decreased to 1.04 in 2018 Q1. Its down 0.04, from 1.08 in 2017Q4. It turned negative, as 54 investors sold Autodesk, Inc. shares while 179 reduced holdings. 84 funds opened positions while 158 raised stakes. 201.43 million shares or 1.64% less from 204.78 million shares in 2017Q4 were reported.
Pinebridge Lp accumulated 33,205 shares. Hightower Limited Liability Company invested in 0.02% or 15,002 shares. 342,221 are held by Alliancebernstein Limited Partnership. Tourbillon Partners Limited Partnership owns 785,400 shares. Bridges Investment Management accumulated 1,691 shares. The Alabama-based Regions has invested 0.07% in Autodesk, Inc. (NASDAQ:ADSK). Axa holds 0% or 2,953 shares. Gotham Asset Management Lc holds 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 2,248 shares. Ardsley Advisory Partners owns 4,500 shares. Lpl Financial has 0.02% invested in Autodesk, Inc. (NASDAQ:ADSK) for 71,758 shares. 100 were reported by Focused Wealth Inc. Westpac Corporation holds 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 12,316 shares. Fil Ltd owns 6,635 shares. Pennsylvania-based Drexel Morgan Co has invested 0.48% in Autodesk, Inc. (NASDAQ:ADSK). Shannon River Fund Ltd Liability Corp reported 164,084 shares.

Since March 7, 2018, it had 0 insider buys, and 11 insider sales for $8.98 million activity. 20,458 shares valued at $2.53 million were sold by Blum Steven M on Wednesday, April 4. Di Fronzo Pascal W sold $48,329 worth of stock or 388 shares. BLASING KAREN sold $48,349 worth of Autodesk, Inc. (NASDAQ:ADSK) on Thursday, June 14. Another trade for 20,499 shares valued at $2.57 million was made by Anagnost Andrew on Thursday, March 29. 1,500 Autodesk, Inc. (NASDAQ:ADSK) shares with value of $199,665 were sold by BEVERIDGE CRAWFORD W.

The stock of Autodesk, Inc. (NASDAQ:ADSK) hit a new 52-week high and has $143.97 target or 4.00 % above today’s $138.43 share price. The 9 months bullish chart indicates low risk for the $30.34 billion company. The 1-year high was reported on Jun, 21 by Barchart.com. If the $143.97 price target is reached, the company will be worth $1.21 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.78% or $2.51 during the last trading session, reaching $138.43. About 266,430 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 16.56% since June 21, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Analysts await Autodesk, Inc. (NASDAQ:ADSK) to report earnings on August, 23. They expect $-0.07 earnings per share, up 81.58 % or $0.31 from last year’s $-0.38 per share. After $-0.19 actual earnings per share reported by Autodesk, Inc. for the previous quarter, Wall Street now forecasts -63.16 % EPS growth.

Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage

Among 11 analysts covering Autodesk (NASDAQ:ADSK), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Autodesk has $200.0 highest and $130.0 lowest target. $152.55’s average target is 10.20% above currents $138.43 stock price. Autodesk had 18 analyst reports since January 22, 2018 according to SRatingsIntel. On Friday, March 16 the stock rating was maintained by Robert W. Baird with “Buy”. Robert W. Baird maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Wednesday, April 11. Robert W. Baird has “Buy” rating and $15500 target. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Overweight” rating by Barclays Capital on Wednesday, March 7. The firm has “Buy” rating given on Thursday, March 1 by Deutsche Bank. Canaccord Genuity maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Tuesday, March 6. Canaccord Genuity has “Buy” rating and $150.0 target. The stock has “Overweight” rating by Barclays Capital on Thursday, March 29. Wells Fargo maintained the shares of ADSK in report on Wednesday, March 7 with “Buy” rating. The stock has “Buy” rating by Cowen & Co on Thursday, February 15. Bank of America maintained it with “Neutral” rating and $139 target in Friday, May 25 report. The firm has “Buy” rating given on Wednesday, March 7 by Cowen & Co.

More news for Autodesk, Inc. (NASDAQ:ADSK) were recently published by: Seekingalpha.com, which released: “Goldman Sachs raises Autodesk price target after earnings” on May 25, 2018. Seekingalpha.com‘s article titled: “Autodesk: A Transition Creating Real Shareholder Value” and published on May 29, 2018 is yet another important article.

Autodesk, Inc. operates as a design software and services firm worldwide. The company has market cap of $30.34 billion. It operates through Architecture, Engineering, and Construction; Manufacturing; Platform Solutions and Emerging Business; and Media and Entertainment divisions. It currently has negative earnings. The firm offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Revit software for building information modeling.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

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