Short Interest to Follow: What Next for Autodesk Incorporated (NASDAQ:ADSK) Stock After Increase in Shorted Shares?

November 23, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: What Next for Autodesk Incorporated (NASDAQ:ADSK) Stock After Increase in Shorted Shares?

The stock of Autodesk Incorporated (NASDAQ:ADSK) registered an increase of 5.36% in short interest. ADSK’s total short interest was 7.69 million shares in November as published by FINRA. Its up 5.36% from 7.30M shares, reported previously. With 1.24 million shares average volume, it will take short sellers 6 days to cover their ADSK’s short positions. The short interest to Autodesk Incorporated’s float is 4.34%. About 469,914 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 25.20% since April 21, 2016 and is uptrending. It has outperformed by 19.87% the S&P500.

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 $16.47 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).

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.01, from 0.87 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.
Huntington Bank & Trust owns 15,817 shares or 0.02% of their US portfolio. Atika Mgmt Limited Liability Company last reported 21,500 shares in the company. Trillium Asset Mngmt Lc accumulated 0.27% or 75,796 shares. Oxford Asset Mgmt has 0.05% invested in the company for 20,325 shares. Communication Of Vermont last reported 0% of its portfolio in the stock. Moreover, Citigroup Incorporated has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 79,558 shares. Earnest Ptnrs Ltd Llc holds 0.44% or 753,945 shares in its portfolio. The Alabama-based Andra Ap has invested 0.01% in Autodesk, Inc. (NASDAQ:ADSK). D E Shaw Incorporated has 0.05% invested in the company for 549,996 shares. Moreover, Piedmont Invest Advisors Ltd has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 5 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh holds 7,000 shares or 0.03% of its portfolio. Commerzbank Aktiengesellschaft Fi holds 10,272 shares or 0% of its portfolio. Utd Automobile Association holds 0.12% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 639,758 shares. Millennium Management Lc reported 148,399 shares or 0.02% of all its holdings. Howard Hughes Medical Institute accumulated 2,091 shares or 0.04% of the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 17 insider sales for $9.09 million net activity. On Friday, August 26 the insider Blum Steven M sold $660,000. 10,463 shares were sold by BASS CARL, worth $611,035 on Monday, June 6. Anagnost Andrew also sold $339,375 worth of Autodesk, Inc. (NASDAQ:ADSK) on Thursday, November 10. BEVERIDGE CRAWFORD W sold $351,780 worth of Autodesk, Inc. (NASDAQ:ADSK) on Tuesday, June 7. Di Fronzo Pascal W sold $15,388 worth of Autodesk, Inc. (NASDAQ:ADSK) on Monday, October 3. BECKER JAN sold 10,330 shares worth $738,624. Hanspal Amarpreet sold $1.19 million worth of stock or 19,015 shares.

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 rating was downgraded by Rosenblatt to “Neutral” on Tuesday, November 10. On Thursday, May 12 the stock rating was maintained by Wedbush with “Neutral”. The company was downgraded on Friday, October 30 by OTR Global. The firm has “Buy” rating by Goldman Sachs given on Wednesday, August 5. Wedbush maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Friday, May 20. Wedbush has “Neutral” rating and $57 price target. William Blair initiated Autodesk, Inc. (NASDAQ:ADSK) on Tuesday, August 4 with “Outperform” rating. The rating was initiated by Evercore with “Buy” on Thursday, September 15. UBS downgraded Autodesk, Inc. (NASDAQ:ADSK) on Monday, November 9 to “Neutral” rating. The firm earned “Outperform” rating on Friday, August 26 by Robert W. Baird. Canaccord Genuity maintained it with “Hold” rating and $65 target price in Friday, August 26 report.

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: “Autodesk, Inc. (NASDAQ:ADSK) Short-Term Price Target At $68.60” on November 23, 2016.

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By Richard Conner


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