Autodesk Inc (NASDAQ:ADSK) Can’t Be More Risky. Short Interest Increased

April 17, 2018 - By Dolores Ford

Autodesk, Inc. (NASDAQ:ADSK) Logo

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.34, from 1.42 in 2017Q3. It turned negative, as 46 investors sold Autodesk, Inc. shares while 171 reduced holdings. 84 funds opened positions while 151 raised stakes. 204.78 million shares or 0.77% less from 206.38 million shares in 2017Q3 were reported.
Oakbrook Investments Lc, Illinois-based fund reported 371,574 shares. White Elm Cap Limited Co holds 4.78% in Autodesk, Inc. (NASDAQ:ADSK) or 215,800 shares. The North Carolina-based Carroll Assoc has invested 0% in Autodesk, Inc. (NASDAQ:ADSK). Ithaka Group Ltd Liability Corp invested in 1.65% or 87,995 shares. 34,853 are owned by Exxonmobil Inv Mgmt Tx. Investment House Limited Liability Corporation, a California-based fund reported 47,945 shares. Warren Averett Asset Mngmt Limited Liability Corporation stated it has 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Moreover, Boothbay Fund Mngmt Ltd Com has 0.07% invested in Autodesk, Inc. (NASDAQ:ADSK). Commonwealth State Bank Of Australia reported 2,095 shares stake. Moneta Group Incorporated Invest Advsr Ltd Llc, a Missouri-based fund reported 3 shares. Principal Grp holds 0.4% in Autodesk, Inc. (NASDAQ:ADSK) or 4.16M shares. Parkwood Ltd Com holds 0.66% or 46,459 shares. First Tru Limited Partnership has 0.18% invested in Autodesk, Inc. (NASDAQ:ADSK). Hudock Cap Grp Ltd Liability reported 30 shares. Bnp Paribas Arbitrage Sa, New York-based fund reported 65,724 shares.

Since March 7, 2018, it had 0 insider buys, and 8 sales for $6.09 million activity. $48,329 worth of Autodesk, Inc. (NASDAQ:ADSK) shares were sold by Di Fronzo Pascal W. Underwood Paul D. sold $27,777 worth of stock or 223 shares. Another trade for 20,458 shares valued at $2.53M was made by Blum Steven M on Wednesday, April 4. Another trade for 20,499 shares valued at $2.57 million was sold by Anagnost Andrew.

The stock of Autodesk Inc (NASDAQ:ADSK) registered an increase of 6.68% in short interest. ADSK’s total short interest was 5.56M shares in April as published by FINRA. Its up 6.68% from 5.21 million shares, reported previously. With 2.69 million shares average volume, it will take short sellers 2 days to cover their ADSK’s short positions.

The stock increased 1.77% or $2.3 during the last trading session, reaching $132.02. About 174,541 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 50.18% since April 17, 2017 and is uptrending. It has outperformed by 38.63% the S&P500.

Autodesk, Inc. operates as a design software and services firm worldwide. The company has market cap of $28.82 billion. It operates through Architecture, Engineering, and Construction; Manufacturing; Platform Solutions and Emerging Business; and Media and Entertainment divisions. It currently has negative earnings. The firm offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Revit software for building information modeling.

Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage

Among 14 analysts covering Autodesk (NASDAQ:ADSK), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Autodesk has $200.0 highest and $52.0 lowest target. $141.14’s average target is 6.91% above currents $132.02 stock price. Autodesk had 35 analyst reports since November 13, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, November 21 by Barclays Capital. Guggenheim maintained it with “Buy” rating and $150.0 target in Wednesday, March 7 report. The company was maintained on Monday, November 20 by Robert W. Baird. Cowen & Co maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Wednesday, March 7. Cowen & Co has “Buy” rating and $140.0 target. The company was maintained on Thursday, November 16 by Wells Fargo. KeyBanc Capital Markets maintained it with “Overweight” rating and $144 target in Thursday, March 29 report. The firm earned “Buy” rating on Friday, March 16 by Robert W. Baird. The company was maintained on Thursday, March 1 by Deutsche Bank. The firm has “Overweight” rating given on Wednesday, March 7 by Barclays Capital. Credit Suisse upgraded it to “Buy” rating and $135.0 target in Monday, January 22 report.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

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