Do Hedge Funds and Insiders Love Autodesk, Inc. (ADSK)?

Page 1 of 2

Is Autodesk, Inc. (NASDAQ:ADSK) a buy?

In today’s marketplace, there are plenty of metrics market participants can use to watch stocks. Two of the most underrated are hedge fund and insider trading movement. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top money managers can outperform the market by a solid amount (see just how much).

Autodesk, Inc. (NASDAQ:ADSK)

Equally as key, positive insider trading activity is another way to analyze the investments you’re interested in. Obviously, there are a number of incentives for an upper level exec to drop shares of his or her company, but just one, very obvious reason why they would buy. Many academic studies have demonstrated the valuable potential of this tactic if investors understand what to do (learn more here).

Now that that’s out of the way, we’re going to analyze the recent info for Autodesk, Inc. (NASDAQ:ADSK).

Hedge fund activity in Autodesk, Inc. (NASDAQ:ADSK)

In preparation for the third quarter, a total of 28 of the hedge funds we track held long positions in this stock, a change of -3% from the previous quarter. With hedgies’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were increasing their holdings significantly.

According to our 13F database, D E Shaw, managed by D. E. Shaw, holds the most valuable position in Autodesk, Inc. (NASDAQ:ADSK). D E Shaw has a $143.4 million position in the stock, comprising 0.3% of its 13F portfolio. The second largest stake is held by Michael Karsch of Karsch Capital Management, with a $56.2 million position; 4.8% of its 13F portfolio is allocated to the company. Remaining hedge funds with similar optimism include Ken Griffin’s Citadel Investment Group, Glenn J. Krevlin’s Glenhill Advisors and Jim Simons’s Renaissance Technologies.

Due to the fact Autodesk, Inc. (NASDAQ:ADSK) has witnessed declining interest from upper-tier hedge fund managers, we can see that there is a sect of hedge funds that elected to cut their positions entirely last quarter. Intriguingly, Dinakar Singh’s TPG-AXON Management LP dumped the largest stake of the “upper crust” of funds we track, comprising an estimated $92.4 million in stock. Christopher Lord’s fund, Criterion Capital, also dumped its stock, about $48.4 million worth. These bearish behaviors are intriguing to say the least, as total hedge fund interest was cut by 1 funds last quarter.

Insider trading activity in Autodesk, Inc. (NASDAQ:ADSK)

Insider buying made by high-level executives is at its handiest when the primary stock in question has seen transactions within the past six months. Over the last half-year time period, Autodesk, Inc. (NASDAQ:ADSK) has seen zero unique insiders buying, and 7 insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Autodesk, Inc. (NASDAQ:ADSK). These stocks are Infosys Ltd ADR (NYSE:INFY), PTC Inc (NASDAQ:PMTC), Concur Technologies, Inc. (NASDAQ:CNQR), National Instruments Corp (NASDAQ:NATI), and ANSYS, Inc. (NASDAQ:ANSS). This group of stocks belong to the technical & system software industry and their market caps resemble ADSK’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!