Large Outflow of Money Witnessed in Autodesk, Inc.

Autodesk, Inc. (ADSK) traded on a positive note gaining 0.08 points or 0.1% to be valued at $81.42 per share. Intraday, the shares aggregated $13.6 million in upticks but saw an exodus of $18.25 million in downticks. The net money flow was calculated to be $(-4.64) million with the final up/down ratio coming in at 0.75. The share price has seen a change of -0.42% in value during the week. Block trade of up/down ratio of 0 was also registered with $0 million in upticks and $4.9 million in downticks. The net money flow for the block exchange was disappointing at $(-4.9) Million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Autodesk, Inc. has dropped 1.66% in the last five trading days, however, the shares have posted positive gains of 9.82% in the last 4 weeks. Autodesk, Inc. is up 12.45% in the last 3-month period. Year-to-Date the stock performance stands at 9.82%. Autodesk, Inc. (NASDAQ:ADSK) witnessed a decline in the market cap on Wednesday as its shares dropped 0.07% or 0.06 points. After the session commenced at $81.09, the stock reached the higher end at $81.96 while it hit a low of $80.38. With the volume soaring to 1,440,878 shares, the last trade was called at $81.28. The company has a 52-week high of $83.96. The company has a market cap of $18,089 million and there are 222,556,350 shares in outstanding. The 52-week low of the share price is $41.6.

Company has reported several Insider transactions to the SEC, on Jan 12, 2017, Carl Bass (Chief Executive Officer) sold 100,000 shares at 79.84 per share price.On Jan 6, 2017, Jan Becker (SVP, CHRO and Corp Real Estate) sold 2,973 shares at 77.08 per share price.On Dec 28, 2016, Amarpreet Hanspal (SVP, Autodesk Product Group) sold 39,736 shares at 76.24 per share price.

Autodesk Last issued its quarterly earnings results on May 19, 2016. The company reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04. Analyst had a consensus of $-0.14. The company had revenue of $511.90 million for the quarter, compared to analysts expectations of $513.00 million. The companys revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Autodesk was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Company shares were Reiterated by Canaccord Genuity on Dec 9, 2016 to Hold, Raises Price Target to $ 95 from a previous price target of $70 .Autodesk was Upgraded by Rosenblatt to Neutral on Dec 8, 2016. Company shares were Reiterated by RBC Capital Mkts on Dec 7, 2016 to Outperform, Raises Price Target to $ 75 from a previous price target of $71 .Company shares were Reiterated by Barclays on Dec 7, 2016 to Overweight, Raises Price Target to $ 100 from a previous price target of $81 .

Autodesk is one of the worlds leading design software and digital content companies for architectural design and land development, manufacturing, utilities, telecommunications, and media and entertainment. Autodesk provides design software, Internet portal services, wireless development platforms, and point-of-location applications that empower customers in numerous countries to drive business and remain competitive. (Company Press Release)


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