Autodesk Incorporated (NASDAQ:ADSK) Has Increase in Shorts

Lloyd Doyle
September 24, 2017

Honeywell International Inc. (NYSE:HON) has risen 17.66% since September 20, 2016 and is uptrending.

Cullinan Associates Inc decreased Autodesk (ADSK) stake by 92.97% reported in 2017Q2 SEC filing. Tredje AP fonden now owns 6,448 shares of the software company's stock worth $477,000 after buying an additional 188 shares during the period. Company shares are trading at $112.73 just a bit higher than the 50 day moving average of $111.53 and which is impressively higher than the 200 day moving average of $101.45. The stock declined 0.72% or $0.82 reaching $112.26 per share. The stock had a trading volume of 1,706,232 shares.

Autodesk, Inc. (NASDAQ:ADSK) has a market cap of $25 billion and over the last 12 months, ADSK has risen by 63.88%. It has outperformed by 74.38% the S&P500.

Stevens Capital Management LP purchased a new position in Autodesk, Inc.

The collective rating of 1 for Castle Brands Inc.

There has been some selling insider activity on Autodesk, Inc. (NASDAQ:ADSK). Tiger Ltd Liability Corporation holds 3.83% in Autodesk, Inc. During the same quarter past year, the company posted $0.05 earnings per share. The software company reported ($0.11) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.16) by $0.05.

Among 23 analysts covering Autodesk Inc. UBS maintained the shares of ADSK in report on Friday, August 26 with "Neutral" rating. Therefore 65% are positive. Travelers had 36 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Sterne Agee CRT with "Buy" on Monday, September 21. The stock has "Outperform" rating by Cowen & Co on Friday, August 26.

As of the end of the quarter Next Financial Group, Inc had disposed of 138 shares trimming its holdings by 20.6%. The firm's market capitalization is $20.64 billion. IFP Advisors Inc raised its holdings in Autodesk by 9.3% in the 2nd quarter. The rating was initiated by Wells Fargo on Wednesday, January 11 with "Outperform". Robert W. Baird maintained the shares of ADSK in report on Friday, August 26 with "Outperform" rating. They issued an "outperform" rating and a $137.00 target price on the stock. Finally, BidaskClub lowered Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, July 4th.


On August 25 Barclays left the company rating at "Overweight" but moved up the price target to $125.00 from $120.00.

Investors sentiment decreased to 0.5 in Q4 2016.

A number of hedge funds have recently modified their holdings of ADSK. 80 funds opened positions while 143 raised stakes. 212.48 million shares or 1.15% more from 210.06 million shares in 2016Q3 were reported. First Personal Fincl Svcs, a North Carolina-based fund reported 201 shares. State Teachers Retirement Systems reported 0.06% stake. Barclays Public Limited Co invested in 250,502 shares or 0.02% of the stock. Sei Commerce has invested 0% in Aware, Inc. Connecticut-based Conning Inc has invested 0.02% in Autodesk, Inc. (NASDAQ:ADSK) for 7,386 shares. Sterling Capital Limited Company holds 9,749 shares or 0.01% of its portfolio. Ascend Capital Limited Company accumulated 0.49% or 131,000 shares. Panagora Asset Mngmt Inc holds 0% in Autodesk, Inc. (NASDAQ:ADSK) for 47,665 shares. Waddell And Reed Financial Inc invested in 0.17% or 768,913 shares. Raymond James Na owns 7,853 shares for 0.06% of their portfolio. Finally, Canada Pension Plan Investment Board grew its position in Autodesk by 39.7% in the second quarter. Envestnet Asset Mgmt, Illinois-based fund reported 92,448 shares. Verition Fund Limited Liability Com has 4,999 shares for 0.03% of their portfolio.

Among 23 analysts covering Autodesk Inc. (NASDAQ:ADSK) news were published by: Nasdaq.com which released: "Earnings Reaction History: Autodesk, Inc., 62.5% Follow-Through Indicator, 5.2 ..." on August 24, 2017. Also Seekingalpha.com published the news titled: "Autodesk: Hold Or Sell? Probably Sell" on September 06, 2017.

The company had Year Ago Sales of 489.6 Million. 2,865 shares were sold by BECKER JAN, worth $274,266. Insiders sold a total of 129,202 shares of company stock valued at $11,049,075 in the last 90 days. In other news, CEO Andrew Anagnost sold 5,540 shares of the firm's stock in a transaction dated Monday, March 13th. (NASDAQ:ADSK) earned "Neutral" rating by Citigroup on Monday, August 31. (NYSE:HON) news was published by Businesswire.com which published an article titled: "BuildingReports.com, Inc". Baldwin Investment Mngmt Ltd Company accumulated 2,800 shares or 0.08% of the stock.

Investors sentiment increased to 1.19 in 2017 Q2. Its down 0.18, from 1.1 in 2016Q3. It is positive, as 61 investors sold HON shares while 468 reduced holdings. 559.71 million shares or 0.04% less from 559.95 million shares in 2016Q3 were reported. (NASDAQ:AWRE). Blackrock Fund Advsr reported 0% stake. Spark Inv Mgmt Ltd holds 424,900 shares. Credit Agricole S A reported 0.01% of its portfolio in Autodesk, Inc. (NYSE:HON). 99,158 are owned by Scotia Cap. Old Mutual Customised Solutions (Proprietary) owns 0.1% invested in Autodesk, Inc. Dimensional Fund Advisors L P holds 0.01% in Aware, Inc. $571,457 worth of Autodesk, Inc. (NYSE:HON). 3,864 were accumulated by Balasa Dinverno And Foltz Llc. Sun Life Inc stated it has 8 shares. 16,051 are held by Profund Advsrs Lc. The New York-based Blue Ridge Capital L.L.C. has invested 6.75% in the stock.

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