What’s Ahead for Autodesk Incorporated (NASDAQ:ADSK) After More Shorted Shares?

October 12, 2017 - By Louis Casey

 What’s Ahead for Autodesk Incorporated (NASDAQ:ADSK) After More Shorted Shares?

Investors sentiment increased to 1.19 in Q2 2017. Its up 0.15, from 1.04 in 2017Q1. It increased, as 26 investors sold Autodesk, Inc. shares while 162 reduced holdings. 80 funds opened positions while 143 raised stakes. 204.24 million shares or 3.68% less from 212.05 million shares in 2017Q1 were reported.
Sit Inv Associates accumulated 22,119 shares or 0.06% of the stock. Ftb Advsrs holds 0.01% or 437 shares in its portfolio. Shine Advisory Svcs Incorporated invested in 0.01% or 178 shares. Westpac Banking holds 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 18,290 shares. San Francisco Sentry Gru (Ca) invested in 283 shares or 0.01% of the stock. Capstone Invest Advsrs Ltd has 0.13% invested in Autodesk, Inc. (NASDAQ:ADSK) for 47,500 shares. Parnassus Ca reported 0.65% in Autodesk, Inc. (NASDAQ:ADSK). 56,914 were accumulated by Oregon Public Employees Retirement Fund. California State Teachers Retirement System has invested 0.08% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Canada Pension Plan Inv Board accumulated 153,539 shares or 0.04% of the stock. State Board Of Administration Of Florida Retirement Systems has invested 0.09% in Autodesk, Inc. (NASDAQ:ADSK). First Advsr L P reported 0.2% stake. State Street reported 7.77 million shares stake. Retirement System Of Alabama accumulated 94,036 shares. Mason Street Limited Liability Corporation holds 26,917 shares.

Since May 15, 2017, it had 0 insider purchases, and 5 selling transactions for $6.51 million activity. Another trade for 6,490 shares valued at $726,452 was made by Underwood Paul D. on Monday, June 5. Blum Steven M had sold 6,638 shares worth $748,143. BECKER JAN had sold 2,865 shares worth $274,266 on Monday, May 15. 35,595 shares were sold by Herren Richard Scott, worth $3.98 million.

The stock of Autodesk Incorporated (NASDAQ:ADSK) registered an increase of 16.61% in short interest. ADSK’s total short interest was 4.13M shares in October as published by FINRA. Its up 16.61% from 3.54M shares, reported previously. With 2.29M shares average volume, it will take short sellers 2 days to cover their ADSK’s short positions. The short interest to Autodesk Incorporated’s float is 1.98%.

About 488,244 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 91.08% since October 12, 2016 and is uptrending. It has outperformed by 74.38% 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 market cap of $26.14 billion. The Company’s divisions include Architecture, Engineering and Construction , Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). It currently has negative earnings. The Firm serves clients in the architecture, engineering and construction; product design and manufacturing; and digital media and entertainment industries.

Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage

Among 23 analysts covering Autodesk Inc. (NASDAQ:ADSK), 15 have Buy rating, 2 Sell and 6 Hold. Therefore 65% are positive. Autodesk Inc. had 89 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Friday, August 19 with “Sector Perform”. The company was initiated on Tuesday, February 9 by Mitsubishi UFJ. The firm earned “Neutral” rating on Friday, September 9 by Wedbush. On Monday, March 28 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm has “Buy” rating by Robert W. Baird given on Friday, September 29. Canaccord Genuity maintained it with “Buy” rating and $125 target in Friday, August 25 report. As per Tuesday, August 30, the company rating was downgraded by Rosenblatt. Rosenblatt maintained Autodesk, Inc. (NASDAQ:ADSK) on Monday, August 31 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 8. On Wednesday, September 30 the stock rating was maintained by UBS with “Buy”.

More news for Autodesk, Inc. (NASDAQ:ADSK) were recently published by: Investorplace.com, which released: “3 Big Stock Charts for Tuesday: Apple Inc. (AAPL), Nike Inc (NKE) and Autodesk …” on September 26, 2017. Bizjournals.com‘s article titled: “Autodesk invests in another Boston startup” and published on September 18, 2017 is yet another important article.

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