November 30, 2016 - By Linda Rogers
New York: In a note issued to investors and clients on 30 November, RBC Capital Mkts reaffirmed their “Sector Perform” rating on shares of Autodesk (NASDAQ:ADSK). They currently have a $71 TP on the company. RBC Capital Mkts’s target indicates a potential downside of -2.07% from the company’s current price.
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 -6.03% below today’s ($72.5) stock price. Autodesk Inc. has been the topic of 57 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded Autodesk, Inc. (NASDAQ:ADSK) on Friday, November 20 to “Sector Perform” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Overweight” rating given on Monday, February 22 by Barclays Capital. The firm earned “Buy” rating on Monday, August 31 by Rosenblatt. Cowen & Co maintained the shares of ADSK in a report on Monday, August 31 with “Outperform” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Friday, February 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, December 4. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Hold” rating by Canaccord Genuity on Friday, August 26. The firm has “Sell” rating by Rosenblatt given on Tuesday, August 30. The firm has “Neutral” rating given on Monday, November 9 by UBS. On Tuesday, February 9 the stock rating was initiated by Mitsubishi UFJ with “Neutral”.
About 568 shares traded hands. Autodesk, Inc. (NASDAQ:ADSK) has risen 22.57% since April 27, 2016 and is uptrending. It has outperformed by 17.35% the S&P500.
Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. 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.
Moreover, Proshare Ltd Llc has 0.06% invested in Autodesk, Inc. (NASDAQ:ADSK) for 91,814 shares. Deere And Communication has 10,106 shares for 0.03% of their US portfolio. Rhumbline Advisers holds 361,193 shares or 0.06% of its portfolio. Laurion Capital Management L P last reported 415,488 shares in the company. Tdam Usa holds 9,036 shares or 0.02% of its portfolio. The Washington-based Tradewinds Limited Liability has invested 0.05% in Autodesk, Inc. (NASDAQ:ADSK). Metropolitan Life Insurance New York has invested 0.05% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Financial Architects Inc holds 109 shares or 0% of its portfolio. Plante Moran Fincl Advsr Limited Liability Corporation owns 152 shares or 0.01% of their US portfolio. Asset Mgmt last reported 0.05% of its portfolio in the stock. Employees Retirement System Of Texas last reported 92,900 shares in the company. Jpmorgan Chase & holds 0% or 179,347 shares in its portfolio. Hmi Ltd owns 1.24 million shares or 12.7% of their US portfolio. Moreover, Mufg Americas has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 1,150 shares. Moreover, Clearbridge Invs Ltd Liability Corporation has 0.92% invested in Autodesk, Inc. (NASDAQ:ADSK) for 14.40M shares.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 17 sales for $9.09 million net activity. $1.19 million worth of Autodesk, Inc. (NASDAQ:ADSK) was sold by Hanspal Amarpreet on Monday, August 15. 7,000 shares were sold by BEVERIDGE CRAWFORD W, worth $473,060. On Monday, August 15 the insider Di Fronzo Pascal W sold $666,623. NORRINGTON LORRIE M also sold $280,000 worth of Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, June 15. Shares for $660,000 were sold by Blum Steven M. 10,463 shares were sold by BASS CARL, worth $611,035 on Monday, June 6. RAFAEL BETSY had sold 4,416 shares worth $299,405.
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 $16.72 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).
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)”
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 Forbes.com which published an article titled: “T-Mobile Becomes #23 Most Shorted Nasdaq 100 Component, Replacing Autodesk” on November 28, 2016.
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By Linda Rogers