Shares of Autodesk (ADSK) Sees Large Outflow of Money

Autodesk (ADSK) : The total money flow in Autodesk (ADSK) was negative ($2.05 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $7.72 million. In comparison, the inflow of money into the stock on upticks was $5.67 million. The uptick to downtick ratio was 0.73. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.29 million. The negative money flow of ($2.29 million) confirms the selling in Autodesk (ADSK) on strength. Autodesk (ADSK) gained $0.08 at $68.4, a gain of 0.12% over the previous days close. However, the stock registered -0.68% in the week.


Also, Barclays maintains their rating on the shares of Autodesk (NASDAQ:ADSK). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $75 per share from $70 per share. The rating by the firm was issued on August 26, 2016.

Shares of Autodesk, Inc. rose by 7.2% in the last five trading days and 13.88% for the last 4 weeks. Autodesk, Inc. is up 16.69% in the last 3-month period. Year-to-Date the stock performance stands at 11.65%.

Autodesk (NASDAQ:ADSK): The stock opened at $67.80 on Tuesday but the bulls could not build on the opening and the stock topped out at $68.75 for the day. The stock traded down to $67.52 during the day, due to lack of any buying support eventually closed down at $68.03 with a loss of -0.42% for the day. The stock had closed at $68.32 on the previous day. The total traded volume was 2,403,324 shares.

In a related news,The officer (SVP, General Counsel) of Autodesk Inc, Di Fronzo Pascal W sold 10,583 shares at $62.99 on August 15, 2016. The Insider selling transaction had a total value worth of $666,623. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. The Company operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to creative professionals, post-production facilities and broadcasters for a variety of applications, including feature films, television programs, commercials, music and corporate videos, interactive game production, Web design and interactive Web streaming.

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