The stock of Autodesk, Inc. (NASDAQ:ADSK) is a huge mover today! About 2.10 million shares traded hands or 23.53% up from the average. Autodesk, Inc. (NASDAQ:ADSK) has risen 29.39% since April 14, 2016 and is uptrending. It has outperformed by 24.70% the S&P500.
The move comes after 6 months positive chart setup for the $17.78B company. It was reported on Nov, 16 by Barchart.com. We have $108.21 PT which if reached, will make NASDAQ:ADSK worth $6.76 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. The company was downgraded on Wednesday, August 5 by Goldman Sachs. Barclays Capital maintained Autodesk, Inc. (NASDAQ:ADSK) on Monday, February 22 with “Overweight” rating. Rosenblatt downgraded Autodesk, Inc. (NASDAQ:ADSK) rating on Tuesday, November 10. Rosenblatt has “Neutral” rating and $54 price target. UBS maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Wednesday, September 30. UBS has “Buy” rating and $56.0 price target. On Wednesday, September 30 the stock rating was maintained by Canaccord Genuity with “Buy”. The company was maintained on Friday, August 26 by Robert W. Baird. Credit Suisse maintained it with “Outperform” rating and $80 target price in Monday, August 31 report. The company was maintained on Friday, August 26 by Cowen & Co. The firm has “Neutral” rating given on Monday, August 31 by Citigroup. The rating was maintained by Canaccord Genuity on Friday, August 26 with “Hold”.
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 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.
Wunderlich Capital Managemnt owns 23,939 shares or 1.1% of their US portfolio. The Ohio-based Meeder Asset Management has invested 0.01% in Autodesk, Inc. (NASDAQ:ADSK). Teachers Advsrs last reported 309,502 shares in the company. Fjarde Ap holds 44,626 shares or 0.06% of its portfolio. Dimensional Fund Advsr Ltd Partnership has 0.01% invested in the company for 296,785 shares. Advisory Svcs Network Limited Liability holds 0.01% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 403 shares. Moreover, Oakworth has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 15 shares. Bb&T last reported 113,950 shares in the company. The New York-based Mufg Americas has invested 0% in Autodesk, Inc. (NASDAQ:ADSK). Patten Grp Inc Incorporated Inc has invested 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Moreover, Hightower Advsr Ltd Company has 0.01% invested in Autodesk, Inc. (NASDAQ:ADSK) for 9,204 shares. Canada Pension Plan Invest Board has invested 0.02% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Westpac Bk Corp accumulated 78,046 shares or 0% of the stock. Panagora Asset Mngmt has 0% invested in the company for 12,405 shares. Hound Prtnrs Limited Liability holds 3.06% or 2.12 million shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 18 sales for $9.63 million net activity. Blum Steven M also sold $660,000 worth of Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 26. 400 shares were sold by Di Fronzo Pascal W, worth $23,784. 1,500 shares were sold by Herren Richard Scott, worth $103,365 on Thursday, November 3. The insider BASS CARL sold 10,463 shares worth $611,035. 10,330 shares with value of $738,624 were sold by BECKER JAN on Monday, October 3. NORRINGTON LORRIE M sold $280,000 worth of stock. On Wednesday, September 21 the insider Anagnost Andrew sold $316,750.
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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