Bearish Options Activity on Autodesk, Inc. After Worse Fundamentals

 Bearish Options Activity on Autodesk, Inc. After Worse Fundamentals

In today’s session Autodesk, Inc. (ADSK) recorded an unusually high (531) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ADSK decrease. With 531 contracts traded and 9254 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADSK161216P00067500 closed last at: $0.84 or 0% . About 692,319 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 26.40% since April 25, 2016 and is uptrending. It has outperformed by 20.39% the S&P500.

Analysts await Autodesk, Inc. (NASDAQ:ADSK) to report earnings on November, 29 after the close. After $-0.10 actual EPS reported by Autodesk, Inc. for the previous quarter, Wall Street now forecasts 310.00% negative EPS growth.

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 “Outperform” rating given on Friday, August 28 by William Blair. On Wednesday, August 5 the stock rating was downgraded by Goldman Sachs to “Buy”. The rating was maintained by Rosenblatt on Monday, August 31 with “Buy”. On Thursday, September 15 the stock rating was initiated by Evercore with “Buy”. The firm earned “Hold” rating on Friday, August 26 by Canaccord Genuity. The rating was downgraded by Canaccord Genuity to “Hold” on Tuesday, November 10. The firm has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The firm earned “Hold” rating on Friday, May 20 by Canaccord Genuity. Barclays Capital maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 26 with “Overweight” rating. The company was downgraded on Monday, August 29 by Mitsubishi UFJ.

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 0.86 in 2016 Q2. Its down 0.01, from 0.87 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.
Moreover, Blackrock Institutional Com Na has 0.05% invested in Autodesk, Inc. (NASDAQ:ADSK) for 5.58M shares. Earnest Ltd Llc holds 0.44% or 753,945 shares in its portfolio. Rbf Cap Limited Com holds 0.11% or 10,000 shares in its portfolio. Cornerstone Advisors Incorporated has 501 shares for 0.03% of their US portfolio. Invsts has 4.37 million shares for 0.06% of their US portfolio. Bb&T Limited Liability Corporation, a Virginia-based fund reported 301,318 shares. Tpg Grp Inc (Sbs) Advsrs has 0.92% invested in the company for 1.54 million shares. Ngam Advisors Limited Partnership accumulated 0.48% or 636,545 shares. Mutual Of America Capital Mgmt Ltd Liability Corporation holds 0.03% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 26,117 shares. Nomura Asset Mgmt Ltd reported 25,339 shares or 0.03% of all its holdings. Kcg, a New Jersey-based fund reported 24,918 shares. Lmr Ptnrs Ltd Liability Partnership reported 36,270 shares or 0.3% of all its holdings. Oxford Asset has invested 0.05% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Brown Brothers Harriman & has 196 shares for 0% of their US portfolio. Brown Advisory Secs Limited Liability Corp holds 4,568 shares or 0.08% of its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 17 sales for $9.09 million net activity. Shares for $473,060 were sold by BEVERIDGE CRAWFORD W on Wednesday, September 7. $1.24 million worth of shares were sold by BECKER JAN on Tuesday, November 1. Blum Steven M also sold $660,000 worth of Autodesk, Inc. (NASDAQ:ADSK) shares. 5,109 shares were sold by Di Fronzo Pascal W, worth $310,985 on Thursday, August 11. Another trade for 4,525 shares valued at $339,375 was sold by Anagnost Andrew. RAFAEL BETSY also sold $299,405 worth of Autodesk, Inc. (NASDAQ:ADSK) on Tuesday, August 30. Herren Richard Scott had sold 1,500 shares worth $103,365 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 $16.82 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 Businesswire.com which published an article titled: “Autodesk Extends Invitation to Join Webcast of Investor Day Event” on November 28, 2016.

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