November 28, 2016 - By Pete Kolinski · 0 Comments
Autodesk Inc (NASDAQ:ADSK) institutional sentiment decreased to 0.86 in Q2 2016. Its down -0.01, from 0.87 in 2016Q1. The ratio has dropped, as 167 investment professionals opened new or increased holdings, while 193 cut down and sold positions in Autodesk Inc. The investment professionals in our partner’s database reported: 211.46 million shares, down from 216.56 million shares in 2016Q1. Also, the number of investment professionals holding Autodesk Inc in their top 10 holdings decreased from 13 to 7 for a decrease of 6. Sold All: 47 Reduced: 146 Increased: 134 New Position: 33.
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 $16.84 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).
About 546,085 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.
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)”
Sachem Head Capital Management Lp holds 30.9% of its portfolio in Autodesk, Inc. for 12.89 million shares. Eminence Capital Lp owns 13.19 million shares or 14.46% of their US portfolio. Moreover, Hmi Capital Llc has 12.7% invested in the company for 1.24 million shares. The New York-based Blue Ridge Capital L.L.C. has invested 6.99% in the stock. Lateef Investment Management L.P., a California-based fund reported 2.47 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 17 selling transactions for $9.09 million net activity.
Ratings analysis reveals 44% of Autodesk Inc.’s analysts are positive. Out of 18 Wall Street analysts rating Autodesk Inc., 8 give it “Buy”, 4 “Sell” rating, while 6 recommend “Hold”. The lowest target is $45 while the high is $100. The stock’s average target of $68.13 is -9.44% below today’s ($75.23) share price. ADSK was included in 57 notes of analysts from August 4, 2015. The firm earned “Equal-Weight” rating on Tuesday, November 10 by Morgan Stanley. Mitsubishi UFJ downgraded the shares of ADSK in a report on Monday, August 29 to “Underweight” rating. The firm has “Neutral” rating given on Tuesday, November 10 by Rosenblatt. The firm has “Neutral” rating by UBS given on Friday, August 26. Mitsubishi UFJ initiated the stock with “Neutral” rating in Tuesday, February 9 report. The firm has “Overweight” rating given on Friday, August 26 by Barclays Capital. The firm has “Buy” rating by Rosenblatt given on Monday, August 31. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, November 20. RBC Capital Markets maintained it with “Sector Perform” rating and $67 target price in Friday, December 4 report. Canaccord Genuity maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Wednesday, September 30. Canaccord Genuity has “Buy” rating and $60 price target.
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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By Pete Kolinski