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Main » Autodesk Inc (NASDAQ:ADSK): Institutional Investors Are Worried

Autodesk Inc (NASDAQ:ADSK): Institutional Investors Are Worried

19 May 2017

Autodesk, Inc. (ADSK) stock price ended its day with gain 1.98% and finalized at the value of $95.83. The stock was sold at an average price of $95.73, for a total value of $274,266.45. The transaction was disclosed in a document filed with the SEC, which is available through this link. The ratio is more positive, as 190 investment managers increased and opened new holdings, while 214 cut down and sold their stock positions in Autodesk Inc.

In other Autodesk news, SVP Jan Becker sold 2,865 shares of the firm's stock in a transaction on Monday, May 15th. The stock was sold at an average price of $85.74, for a total transaction of $574,629.48. The stock was sold at an average price of $86.60, for a total transaction of $229,923.00. Autodesk, Inc. (NASDAQ:ADSK) has risen 6.00% since April 19, 2017 and is uptrending. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold". The relative volume of the stock is 1.35, while its market cap is $21.12 Billion. The company's 50 day moving average is $89.76 and its 200-day moving average is $82.40. Virtus Investment Advisers Inc. bought a new stake in shares of Autodesk during the third quarter valued at about $1,829,000.

For the Current Quarter, the growth estimate for Autodesk, -140%, while for the Next Quarter the stock growth estimate is -400%. Analysts expected Autodesk to report a loss of 24 cents a share excluding items on sales of $470.4 million as the San Rafael, Calif. -based company continues its business model transition from licensed software to cloud computing services. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%.

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Shares of the company have shown an EPS growth of -32.80% in the last 5 years.

Currently, the analyst consensus on Autodesk is Strong Buy and the average price target is $107.50, representing a 12.2% upside. "(ADSK) Stock" was originally published by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.

Several large investors have recently made changes to their positions in ADSK. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $87.00 price target (up from $84.00) on shares of Autodesk in a research note on Friday, March 3rd. LMR Partners LLP now owns 78,604 shares of the software company's stock worth $5,686,000 after buying an additional 42,334 shares during the period. Pacific Crest restated an "overweight" rating and set a $105.00 price target on shares of Autodesk in a research report on Monday, May 8th. Finally, Guggenheim reissued a "neutral" rating and set a $80.00 target price on shares of Autodesk in a research note on Tuesday, April 18th. Buy rating has been given by 5 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 12 analysts given HOLD rating.

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A number of hedge funds have recently added to or reduced their stakes in the stock.

Following a strong quarter and increased conviction in the model transition, RBC Capital Markets is upgrading shares to Outperform and raising its target to $125.

If we look at stock performance in last active day trading, we see that stock has moved slumped -0.09% to end the day at $69.10. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Baird Financial Group Inc. raised its stake in Autodesk by 1.0% in the fourth quarter. A total of 2.8 million shares exchanged at hands and its average trading volume is standing at 2.06 million shares.

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