Autodesk, Inc. (NASDAQ:ADSK) is trending after Barron’s urged its readers to consider taking some profits on the name. In the article entitled “After Surge in Stock, It’s Time to Take Gains on the New Autodesk”, author Alexander Eule argues that the company’s switch to a more sustainable subscription business model has already been priced into the shares (given the stock’s 53% rally since last September). Eule also thinks Autodesk stock could have some downside if the global economy enters into a recession. Eule considers there are better ways to play the secular rise of subscription models/cloud such as by buying Microsoft Corporation (NASDAQ:MSFT). The number of funds from our database with holdings in Autodesk, Inc. (NASDAQ:ADSK) fell by two quarter-over-quarter to 35 at the end of June.
Netflix, Inc. (NASDAQ:NFLX) is in the red today after Deutsche Bank initiated coverage on the stock with a ‘Sell’ rating and set a $90 price target on the internet streamer’s stock. Analyst Bryan Kraft thinks that Netflix is unlikely to be acquired and that the risk/reward at current levels isn’t very attractive given that the market is pricing in a somewhat ‘optimistic case’ which might not pan out as competition from Amazon.com, Inc. (NASDAQ:AMZN) and others continue. Andreas Halvorsen’s Viking Global cut its stake inNetflix, Inc. (NASDAQ:NFLX) by 22% to just under 6.3 million shares during the second quarter.