Ratings Don’t Lie: Autodesk (NASDAQ:ADSK) Investors: Wedbush Reconfirms Neutral Rating, Sees $76/Share

November 30, 2016 - By Nellie Frank

Ratings Don't Lie: Autodesk (NASDAQ:ADSK) Investors: Wedbush Reconfirms Neutral Rating, Sees $76/Share

Autodesk (NASDAQ:ADSK) Rating

In a research note released on today, Wedbush kept their Neutral rating on Autodesk (NASDAQ:ADSK)‘s stock. The price target would indicate a potential upside of 2.70% from firm’s last stock close price.

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. $100 is the highest target while $45 is the lowest. The $68.13 average target is -7.93% below today’s ($74) stock price. Autodesk Inc. has been the topic of 57 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Mixed” rating by OTR Global given on Friday, October 30. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Friday, August 19 by RBC Capital Markets. The firm earned “Sell” rating on Wednesday, September 2 by Zacks. The stock has “Hold” rating given by Canaccord Genuity on Tuesday, November 10. The rating was maintained by Credit Suisse with “Outperform” on Monday, August 31. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Neutral” rating given on Monday, November 9 by UBS. Wedbush maintained it with “Neutral” rating and $57 target price in Friday, May 20 report. RBC Capital Markets maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 28 with “Outperform” rating. On Friday, August 26 the stock rating was maintained by Robert W. Baird with “Outperform”. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Friday, November 20 by RBC Capital Markets.

About 455 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 worsened, 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.

Highvista Strategies Ltd Liability Corp has 0.78% invested in the company for 74,970 shares. Blackrock Management Lc has 0.03% invested in the company for 461,967 shares. The New York-based Blackrock Inc has invested 0.03% in Autodesk, Inc. (NASDAQ:ADSK). Ameritas Investment reported 8,404 shares or 0.03% of all its holdings. Moreover, Kensico Cap has 0.89% invested in Autodesk, Inc. (NASDAQ:ADSK) for 815,000 shares. Moreover, Raymond James Trust Na has 0.04% invested in Autodesk, Inc. (NASDAQ:ADSK) for 8,150 shares. Ubs Oconnor Ltd Com last reported 0% of its portfolio in the stock. The New York-based Teachers has invested 0.03% in Autodesk, Inc. (NASDAQ:ADSK). Falcon Edge Lp last reported 2.24% of its portfolio in the stock. Cowen last reported 0.21% of its portfolio in the stock. Fiera Cap last reported 7,800 shares in the company. American Century holds 0% or 4,539 shares in its portfolio. The Texas-based Bbva Compass Bancshares has invested 0.45% in Autodesk, Inc. (NASDAQ:ADSK). Hightower Advsr Limited Liability owns 9,204 shares or 0.01% of their US portfolio. Aperio Gp Limited has invested 0.04% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK).

Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 17 selling transactions for $9.09 million net activity. NORRINGTON LORRIE M sold $280,000 worth of Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, June 15. 216 shares were sold by Di Fronzo Pascal W, worth $15,388. BEVERIDGE CRAWFORD W had sold 7,000 shares worth $473,060 on Wednesday, September 7. On Thursday, November 10 Anagnost Andrew sold $339,375 worth of the stock or 4,525 shares. $1.19 million worth of Autodesk, Inc. (NASDAQ:ADSK) was sold by Hanspal Amarpreet. 10,000 shares were sold by Blum Steven M, worth $660,000 on Friday, August 26. BASS CARL had sold 26,209 shares worth $1.47 million on Tuesday, July 12.

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 $16.56 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)”

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 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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