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

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

In today’s session Autodesk, Inc. (ADSK) registered an unusually high (2,941) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ADSK increase. With 2,941 contracts traded and 17994 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ADSK170120C00080000 closed last at: $1.06 or 22.1% down. About 125,663 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 21.59% since April 5, 2016 and is uptrending. It has outperformed by 19.63% 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. $100 is the highest target while $45 is the lowest. The $68.13 average target is -3.62% below today’s ($70.69) stock price. Autodesk Inc. has been the topic of 57 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Wednesday, September 2 by Zacks. On Friday, September 9 the stock rating was initiated by Wedbush with “Neutral”. The rating was initiated by William Blair on Tuesday, August 4 with “Outperform”. The rating was downgraded by Goldman Sachs to “Buy” on Wednesday, August 5. OTR Global downgraded the stock to “Mixed” rating in Friday, October 30 report. The firm earned “Neutral” rating on Friday, August 26 by UBS. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, November 10. The firm has “Neutral” rating given on Tuesday, November 10 by Rosenblatt. The company was maintained on Thursday, August 20 by Cowen & Co. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets.

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 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.
Schwab Charles Investment Inc holds 0.04% or 616,880 shares in its portfolio. Moreover, Blackrock Japan Co Limited has 0.05% invested in Autodesk, Inc. (NASDAQ:ADSK) for 271,108 shares. California State Teachers Retirement Systems owns 450,801 shares or 0.05% of their US portfolio. Moreover, Teachers has 0.03% invested in Autodesk, Inc. (NASDAQ:ADSK) for 309,502 shares. The California-based Whittier has invested 0% in Autodesk, Inc. (NASDAQ:ADSK). Sumitomo Mitsui Tru last reported 0.06% of its portfolio in the stock. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 160,000 shares. Susquehanna Int Group Llp reported 188,146 shares or 0.01% of all its holdings. Hsbc Hldg Public Ltd last reported 92,847 shares in the company. Diam has invested 0.02% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Millennium Management holds 0.02% or 148,399 shares in its portfolio. Tokio Marine Asset Mgmt Ltd has 0.04% invested in the company for 7,777 shares. Lateef Invest Mgmt Limited Partnership holds 4.54% or 2.47 million shares in its portfolio. Rafferty Asset Ltd Liability Corporation accumulated 10,370 shares or 0.04% of the stock. Apg Asset Mngmt Nv holds 0.04% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 363,232 shares.

Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 17 insider sales for $9.29 million net activity. Di Fronzo Pascal W sold $666,623 worth of stock or 10,583 shares. BASS CARL sold $1.47M worth of stock or 26,209 shares. BECKER JAN also sold $738,624 worth of Autodesk, Inc. (NASDAQ:ADSK) shares. BEVERIDGE CRAWFORD W sold $351,780 worth of stock or 6,000 shares. $538,743 worth of Autodesk, Inc. (NASDAQ:ADSK) shares were sold by MCDOWELL MARY T. Anagnost Andrew also sold $316,750 worth of Autodesk, Inc. (NASDAQ:ADSK) shares. Herren Richard Scott sold $103,365 worth of Autodesk, Inc. (NASDAQ:ADSK) on Thursday, November 3.

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 $15.37 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.

More news for Autodesk, Inc. (NASDAQ:ADSK) were recently published by: Businesswire.com, which released: “Autodesk Extends Invitation to Join Financial Results Conference Call” on November 01, 2016. Businesswire.com‘s article titled: “IMAGINiT Technologies Acquires Autodesk Business From Eagle Point Software” and published on November 07, 2016 is yet another important article.

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