Is Buying Autodesk Inc (NASDAQ:ADSK) Here Good Idea?

Autodesk, Inc. (NASDAQ:ADSK) Logo

Investors sentiment increased to 1.23 in 2019 Q1. Its up 0.13, from 1.1 in 2018Q4. It increased, as 36 investors sold Autodesk, Inc. shares while 181 reduced holdings. 85 funds opened positions while 181 raised stakes. 198.61 million shares or 2.76% less from 204.24 million shares in 2018Q4 were reported.
Mackay Shields Ltd reported 0.04% stake. Amf Pensionsforsakring Ab reported 4,000 shares stake. Maryland-based Sol Management has invested 0.06% in Autodesk, Inc. (NASDAQ:ADSK). Bokf Na holds 8,349 shares. Ubs Asset Mgmt Americas reported 1.34M shares. Canada Pension Plan Inv Board owns 13,199 shares. Dnb Asset As reported 22,514 shares stake. National Pension has invested 0.16% in Autodesk, Inc. (NASDAQ:ADSK). Northwestern Mutual Wealth Mgmt, a Wisconsin-based fund reported 3,993 shares. Ci Invs Inc accumulated 90,471 shares or 0.08% of the stock. Bankshares Of Montreal Can stated it has 108,547 shares or 0.01% of all its holdings. The United Kingdom-based Legal General Gru Public Lc has invested 0.12% in Autodesk, Inc. (NASDAQ:ADSK). Rafferty Asset Management Ltd Liability Corporation accumulated 0.03% or 13,358 shares. 58,359 were reported by British Columbia Invest Management. Oregon Public Employees Retirement Fund accumulated 22,973 shares.

The stock of Autodesk Inc (NASDAQ:ADSK) registered an increase of 7.6% in short interest. ADSK’s total short interest was 4.94M shares in July as published by FINRA. Its up 7.6% from 4.59 million shares, reported previously. With 1.62M shares average volume, it will take short sellers 3 days to cover their ADSK’s short positions. The short interest to Autodesk Inc’s float is 2.26%.

The stock increased 0.50% or $0.86 during the last trading session, reaching $174.19. About 847,700 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 29.24% since July 14, 2018 and is uptrending. It has outperformed by 24.81% the S&P500.

Autodesk, Inc. operates as a design software and services firm worldwide. The company has market cap of $38.26 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 12 analysts covering Autodesk (NASDAQ:ADSK), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Autodesk had 24 analyst reports since January 15, 2019 according to SRatingsIntel. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Buy” rating by Barclays Capital on Monday, February 25. Argus Research maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Tuesday, March 5. Argus Research has “Buy” rating and $184 target. As per Friday, March 1, the company rating was maintained by KeyBanc Capital Markets. The firm has “Outperform” rating given on Monday, February 25 by RBC Capital Markets. Canaccord Genuity maintained the stock with “Buy” rating in Friday, March 1 report. Canaccord Genuity maintained Autodesk, Inc. (NASDAQ:ADSK) on Monday, March 25 with “Buy” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 15. The firm has “Buy” rating given on Wednesday, June 19 by Evercore. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Buy” rating by Credit Suisse on Friday, March 1. As per Wednesday, April 10, the company rating was maintained by KeyBanc Capital Markets.

More notable recent Autodesk, Inc. (NASDAQ:ADSK) news were published by: Nasdaq.com which released: “Autodesk (ADSK) Up 0.8% Since Last Earnings Report: Can It Continue? – Nasdaq” on June 22, 2019, also Nasdaq.com with their article: “The Zacks Analyst Blog Highlights: Amazon, UnitedHealth, AbbVie, Simon Property and Autodesk – Nasdaq” published on July 08, 2019, Finance.Yahoo.com published: “Is Autodesk, Inc. (ADSK) A Good Stock To Buy? – Yahoo Finance” on June 10, 2019. More interesting news about Autodesk, Inc. (NASDAQ:ADSK) were released by: Nasdaq.com and their article: “Noteworthy Monday Option Activity: DBD, ADSK, CRI – Nasdaq” published on April 29, 2019 as well as Prnewswire.com‘s news article titled: “Factory_OS Receives Strategic Investments from Autodesk, Citi to Help Address Affordable Housing Crisis in Bay Area and Beyond – PRNewswire” with publication date: July 10, 2019.

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

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