Sachem Head Capital Management LP Position in Autodesk (ADSK) Has Lowered by $704.48 Million as Stock Price Rose; As Wpp Plc (WPPGY) Share Price Declined, Delphi Management Cut Its Stake by $2.08 Million

January 19, 2018 - By wolcottdaily

Scott Ferguson decreased its stake in Autodesk Inc (ADSK) by 94.73% based on its latest 2017Q3 regulatory filing with the SEC. Sachem Head Capital Management Lp sold 6.29 million shares as the company’s stock rose 27.21% with the market. The hedge fund run by Scott Ferguson held 350,000 shares of the technology company at the end of 2017Q3, valued at $39.29 million, down from 6.64 million at the end of the previous reported quarter. Sachem Head Capital Management Lp who had been investing in Autodesk Inc for a number of months, seems to be less bullish one the $25.33B market cap company. The stock increased 2.18% or $2.45 during the last trading session, reaching $115. About 2.14M shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 91.08% since January 19, 2017 and is uptrending. It has outperformed by 74.38% the S&P500.

Delphi Management Inc decreased its stake in Wpp Plc (WPPGY) by 50.41% based on its latest 2017Q3 regulatory filing with the SEC. Delphi Management Inc sold 22,580 shares as the company’s stock declined 4.95% while stock markets rallied. The institutional investor held 22,213 shares of the advertising company at the end of 2017Q3, valued at $2.06 million, down from 44,793 at the end of the previous reported quarter. Delphi Management Inc who had been investing in Wpp Plc for a number of months, seems to be less bullish one the $21.03B market cap company. The stock increased 0.97% or $0.81 during the last trading session, reaching $84.43. About 113,982 shares traded. WPP plc (NASDAQ:WPPGY) has declined 2.02% since January 19, 2017 and is downtrending. It has underperformed by 18.72% the S&P500.

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.23, from 1.19 in 2017Q2. It improved, as 36 investors sold ADSK shares while 132 reduced holdings. 61 funds opened positions while 177 raised stakes. 206.38 million shares or 1.05% more from 204.24 million shares in 2017Q2 were reported. Amp accumulated 115,336 shares. Baldwin Mgmt Limited Liability Com reported 0.33% in Autodesk, Inc. (NASDAQ:ADSK). Falcon Edge Capital Limited Partnership holds 4.03% or 143,800 shares. Oppenheimer And Co Incorporated holds 3,249 shares. Verition Fund Ltd Liability Co reported 4,403 shares. First Tru Advisors Lp owns 726,424 shares. Parametric Port Assoc Limited Liability Corp holds 0.08% in Autodesk, Inc. (NASDAQ:ADSK) or 641,526 shares. Commonwealth Fincl Bank Of Australia invested 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Ameritas Inv Prtnrs Incorporated holds 8,511 shares. The New York-based Products Prtn Ltd Liability has invested 0.8% in Autodesk, Inc. (NASDAQ:ADSK). State Street Corp reported 8.10M shares. Voya Invest Management Ltd Liability Com reported 132,618 shares or 0.03% of all its holdings. 178 are owned by Shine Advisory Services Inc. 5,808 are owned by Advisor Ltd Liability Corp. Arrowstreet Ltd Partnership holds 0.13% or 428,900 shares.

Among 27 analysts covering Autodesk Inc. (NASDAQ:ADSK), 18 have Buy rating, 3 Sell and 6 Hold. Therefore 67% are positive. Autodesk Inc. had 108 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, November 10 by Canaccord Genuity. As per Thursday, November 16, the company rating was maintained by Wells Fargo. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 11. The rating was maintained by KeyBanc Capital Markets on Friday, August 25 with “Overweight”. KeyBanc Capital Markets maintained Autodesk, Inc. (NASDAQ:ADSK) rating on Thursday, November 16. KeyBanc Capital Markets has “Overweight” rating and $136 target. Deutsche Bank maintained Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, November 29 with “Buy” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Outperform” rating by Robert W. Baird on Monday, March 28. UBS maintained Autodesk, Inc. (NASDAQ:ADSK) on Wednesday, September 30 with “Buy” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Sector Perform” rating given on Friday, February 26 by RBC Capital Markets. The rating was upgraded by Canaccord Genuity on Friday, December 9 to “Buy”.

Analysts await Autodesk, Inc. (NASDAQ:ADSK) to report earnings on March, 1. They expect $-0.34 EPS, up 39.29% or $0.22 from last year’s $-0.56 per share. After $-0.42 actual EPS reported by Autodesk, Inc. for the previous quarter, Wall Street now forecasts -19.05% EPS growth.

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