What’s in Autodesk, Inc. After Today’s Bearish Options Activity?


 What's in Autodesk, Inc. After Today's Bearish Options Activity?

In today’s session Autodesk, Inc. (ADSK) recorded an unusually high (159) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ADSK decrease. With 159 contracts traded and 564 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADSK161118P00070000 closed last at: $2.26 or 13.7% down. The stock increased 0.34% or $0.24 during the last trading session, hitting $71.42. About 1.56 million shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 31.06% since March 1, 2016 and is uptrending. It has outperformed by 21.82% the S&P500.

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 the stock with “Sector Perform” rating in Thursday, February 4 report. The firm earned “Buy” rating on Wednesday, August 5 by Goldman Sachs. RBC Capital Markets maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 28 with “Outperform” rating. The rating was downgraded by OTR Global on Friday, October 30 to “Mixed”. As per Friday, August 26, the company rating was maintained by Robert W. Baird. Canaccord Genuity maintained Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, September 30 with “Buy” rating. As per Friday, November 20, the company rating was downgraded by RBC Capital Markets. The firm has “Outperform” rating given on Monday, August 31 by Cowen & Co. As per Thursday, August 20, the company rating was maintained by Cowen & Co. Wedbush initiated Autodesk, Inc. (NASDAQ:ADSK) on Friday, September 9 with “Neutral” rating.

Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.18, from 1.05 in 2016Q1. The ratio dived, 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.
Moreover, Adage Prtn Gp Ltd Liability Company has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 31,000 shares. Patten Grp holds 2,162 shares or 0% of its portfolio. Great West Life Assurance Can has 0.03% invested in the company for 121,263 shares. Nuveen Asset Mngmt Limited Liability has invested 0.03% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Cornerstone has 0.03% invested in the company for 501 shares. Hartford Mgmt accumulated 0.06% or 52,396 shares. Benjamin F Edwards And last reported 0% of its portfolio in the stock. Group Inc One Trading Ltd Partnership has 0% invested in the company for 3,687 shares. Bbva Compass Bankshares owns 110,602 shares or 0.45% of their US portfolio. Stephens Management Limited Com reported 18,505 shares or 0.03% of all its holdings. Royal London Asset Management holds 0.07% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 75,161 shares. Parametric Ltd has 291,056 shares for 0.02% of their US portfolio. Nomura Asset Company Limited holds 25,339 shares or 0.03% of its portfolio. Euclid Advsr Ltd holds 31,610 shares or 0.07% of its portfolio. Eagle Asset Mgmt last reported 0.13% of its portfolio in the stock.

Insider Transactions: Since April 21, 2016, the stock had 0 insider purchases, and 15 sales for $8.99 million net activity. BASS CARL sold $611,035 worth of Autodesk, Inc. (NASDAQ:ADSK) on Monday, June 6. $538,743 worth of Autodesk, Inc. (NASDAQ:ADSK) was sold by MCDOWELL MARY T on Thursday, May 26. Di Fronzo Pascal W had sold 10,583 shares worth $666,623. BEVERIDGE CRAWFORD W also sold $473,060 worth of Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, September 7. 10,000 shares were sold by Blum Steven M, worth $660,000. NORRINGTON LORRIE M had sold 5,000 shares worth $280,000. 19,015 shares were sold by Hanspal Amarpreet, worth $1.19 million on Monday, August 15.

Autodesk, Inc. is a design software and services company, offering clients productive business solutions through technology services and products. The company has a market cap of $15.60 billion. The Firm serves clients in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It currently has negative earnings. It operates in four divisions: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

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