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

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

In today’s session Autodesk, Inc. (ADSK) registered an unusually high (1,345) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ADSK increase. With 1,345 contracts traded and 22654 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ADSK161021C00075000 closed last at: $0.14 or 44% down. About 401,763 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 22.50% since March 14, 2016 and is uptrending. It has outperformed by 16.89% 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. The firm has “Mixed” rating by OTR Global given on Friday, October 30. On Monday, August 31 the stock rating was maintained by Credit Suisse with “Outperform”. On Monday, August 31 the stock rating was maintained by Rosenblatt with “Buy”. Robert W. Baird maintained the stock with “Outperform” rating in Monday, March 28 report. The company was maintained on Friday, August 26 by Cowen & Co. The firm has “Hold” rating given on Tuesday, November 10 by Canaccord Genuity. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Friday, February 26 by RBC Capital Markets. RBC Capital Markets maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 19 with “Sector Perform” rating. On Friday, August 28 the stock rating was maintained by William Blair with “Outperform”. The firm earned “Hold” rating on Friday, August 26 by Canaccord Genuity.

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 Q2 2016. Its down 0.18, from 1.05 in 2016Q1. The ratio turned 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.
Everence Management reported 4,626 shares or 0.08% of all its holdings. Gamble Jones Inv Counsel last reported 0.49% of its portfolio in the stock. Moreover, Morgan Stanley has 0.01% invested in Autodesk, Inc. (NASDAQ:ADSK) for 523,221 shares. The California-based Schwab Charles Invest Mngmt has invested 0.04% in Autodesk, Inc. (NASDAQ:ADSK). Ladenburg Thalmann Fincl Ser has 0% invested in the company for 3,958 shares. Pnc Gru Inc reported 31,299 shares or 0% of all its holdings. Aqr Capital Management Ltd Com holds 0.01% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 58,076 shares. Sumitomo Mitsui Asset Mngmt Limited last reported 0.03% of its portfolio in the stock. Qcm Cayman Limited holds 0.14% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 5,888 shares. Hsbc Pcl accumulated 0.01% or 92,847 shares. Rothschild Inv Il last reported 0.07% of its portfolio in the stock. Nomura Asset Management Communications Ltd holds 0.03% or 25,339 shares in its portfolio. Paloma Prns Mngmt Communications accumulated 33,942 shares or 0.02% of the stock. Janus Mgmt Limited Liability Co last reported 29,113 shares in the company. Principal Fin Group has 4.42M shares for 0.33% of their US portfolio.

Insider Transactions: Since April 21, 2016, the stock had 0 insider buys, and 17 selling transactions for $9.75 million net activity. BEVERIDGE CRAWFORD W had sold 6,000 shares worth $351,780. Di Fronzo Pascal W had sold 400 shares worth $23,784. The insider BASS CARL sold $611,035. $538,743 worth of Autodesk, Inc. (NASDAQ:ADSK) was sold by MCDOWELL MARY T on Thursday, May 26. The insider RAFAEL BETSY sold $299,405. 5,000 Autodesk, Inc. (NASDAQ:ADSK) shares with value of $280,000 were sold by NORRINGTON LORRIE M. Blum Steven M had sold 10,000 shares worth $660,000 on Friday, August 26.

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 $15.36 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).

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.

Another recent and important Autodesk, Inc. (NASDAQ:ADSK) news was published by Equitiesfocus.com which published an article titled: “PEG Ratio Of Autodesk, Inc. (NASDAQ:ADSK) At -6.76” on October 17, 2016.

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