Falcon Edge Capital LP Holding in Autodesk (ADSK) Decreased by $5.25 Million as Market Valuation Rose; Wespac Advisors Position in Taiwan Semiconductor Mfg LTD (TSM) Increased by $905,795

August 10, 2018 - By Vernon Prom

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Logo

Falcon Edge Capital Lp decreased its stake in Autodesk Inc (ADSK) by 29.21% based on its latest 2018Q1 regulatory filing with the SEC. Falcon Edge Capital Lp sold 42,000 shares as the company’s stock rose 13.54% while stock markets declined. The hedge fund held 101,800 shares of the technology company at the end of 2018Q1, valued at $12.78M, down from 143,800 at the end of the previous reported quarter. Falcon Edge Capital Lp who had been investing in Autodesk Inc for a number of months, seems to be less bullish one the $29.61 billion market cap company. The stock increased 0.72% or $0.97 during the last trading session, reaching $135.11. About 1.05 million shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 16.56% since August 10, 2017 and is uptrending. It has outperformed by 3.99% the S&P500. Some Historical ADSK News: 06/03/2018 – Autodesk Sees FY19 Adj EPS 77c-Adj EPS 95c; 24/05/2018 – Autodesk Sees FY19 Loss/Shr 55c-Loss 73c; 06/03/2018 – AUTODESK INC SEES FY 2019 REVENUE UNDER ASC 606 OF $2,455 MLN TO $2,505 MLN; 06/03/2018 – Autodesk Sees FY19 Rev $2.46B-$2.51B; 21/03/2018 – Autodesk Names Karen Blasing to Board; 24/05/2018 – Autodesk’s First Quarter Results Led By Strong Annualized Recurring Revenue (ARR) Growth; 21/03/2018 – AUTODESK INC ADSK.O : BERNSTEIN RAISES TARGET PRICE TO $169 FROM $162; 06/03/2018 – Autodesk Sees 1Q Loss/Shr 44c-Loss 41c; 06/03/2018 – Autodesk 4Q Loss $173.5M; 06/03/2018 – Software maker Autodesk’s fourth-quarter revenue rises 15.7 pct

Wespac Advisors Llc increased its stake in Taiwan Semiconductor Mfg Ltd (TSM) by 43.46% based on its latest 2018Q1 regulatory filing with the SEC. Wespac Advisors Llc bought 21,065 shares as the company’s stock declined 11.51% with the market. The institutional investor held 69,539 shares of the semiconductors company at the end of 2018Q1, valued at $3.04 million, up from 48,474 at the end of the previous reported quarter. Wespac Advisors Llc who had been investing in Taiwan Semiconductor Mfg Ltd for a number of months, seems to be bullish on the $218.97B market cap company. The stock decreased 0.31% or $0.13 during the last trading session, reaching $41.84. About 4.51M shares traded. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 10.49% since August 10, 2017 and is uptrending. It has underperformed by 2.08% the S&P500. Some Historical TSM News: 19/04/2018 – TSMC is the world’s largest semiconductor foundry company and manufactures chips for Apple and its component suppliers; 26/03/2018 – RENESAS ELECTRONICS TO OUTSOURCE ALL OF ITS AUTOMOTIVE MICROCONTROLLER PRODUCTION TO TAIWAN SEMICONDUCTOR MANUFACTURING CO – NIKKEI; 23/05/2018 – TSMC starts producing A12 processors for next iPhone series, sources say; 19/04/2018 – TSMC SAYS IT ORDERS EQUIPMENT FOR T$8.2 BLN; 24/05/2018 – TAIWAN’S TSMC 2330.TW TSM.N SAYS IT ORDERS MACHINERY EQUIPMENT WORTH T$306 MLN; 28/03/2018 – Australian Gov: US Patent Issued to Taiwan Semiconductor Manufacturing on March 27 for “Source/drain regions for high electron; 15/05/2018 – Jay Huang on Investing in Chinese Chipmaking Industry, TSMC and Foxconn Expansion in China (Video); 26/04/2018 – Achronix’s Speedcore eFPGA Devices to be Highlighted at TSMC 2018 North America, China Technology Events in May; 13/04/2018 – TSMC 2330.TW TSM.N SAYS UNIT ORDERS MACHINERY EQUIPMENT WORTH T$519 MLN; 15/05/2018 – Samsung in talks with ZTE, others to supply mobile processor chips – exec

More recent Autodesk, Inc. (NASDAQ:ADSK) news were published by: Seekingalpha.com which released: “Autodesk: Reasons To Buy, And Risks” on July 26, 2018. Also Fool.com published the news titled: “Why AutoDesk’s Business Is Built to Last” on July 14, 2018. Nasdaq.com‘s news article titled: “New Research Coverage Highlights EPAM, Office Depot, Dycom Industries, Pool, Autodesk, and Oritani Financial …” with publication date: July 26, 2018 was also an interesting one.

Falcon Edge Capital Lp, which manages about $4.03B and $547.41M US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 102,000 shares to 151,000 shares, valued at $24.13M in 2018Q1, according to the filing. It also increased its holding in Quality Care Pptys Inc by 2.05 million shares in the quarter, for a total of 4.54 million shares, and has risen its stake in Spdr Gold Trust (GLD).

Among 27 analysts covering Autodesk Inc. (NASDAQ:ADSK), 17 have Buy rating, 3 Sell and 7 Hold. Therefore 63% are positive. Autodesk Inc. had 128 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained Autodesk, Inc. (NASDAQ:ADSK) on Friday, August 25 with “Overweight” rating. The rating was maintained by RBC Capital Markets on Sunday, September 3 with “Buy”. As per Wednesday, March 7, the company rating was maintained by Wells Fargo. Rosenblatt maintained the stock with “Buy” rating in Monday, August 31 report. RBC Capital Markets maintained the shares of ADSK in report on Friday, February 26 with “Sector Perform” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, December 7 report. On Monday, August 29 the stock rating was downgraded by Mitsubishi UFJ to “Underweight”. The rating was downgraded by Rosenblatt on Tuesday, August 30 to “Sell”. On Friday, August 28 the stock rating was maintained by William Blair with “Outperform”. Citigroup maintained the stock with “Neutral” rating in Monday, August 31 report.

Investors sentiment decreased to 1.04 in 2018 Q1. Its down 0.04, from 1.08 in 2017Q4. It fall, as 54 investors sold ADSK shares while 179 reduced holdings. 84 funds opened positions while 158 raised stakes. 201.43 million shares or 1.64% less from 204.78 million shares in 2017Q4 were reported. Point72 Asset Management LP invested in 0.05% or 102,892 shares. 33,205 are held by Pinebridge Invests L P. Thrivent For Lutherans reported 0.03% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Fred Alger Management Incorporated owns 1.86M shares. Silvercrest Asset Gp Limited Liability Company has 0% invested in Autodesk, Inc. (NASDAQ:ADSK) for 2,512 shares. Stephens Ar reported 0.09% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Da Davidson & has invested 0.24% in Autodesk, Inc. (NASDAQ:ADSK). Massmutual Co Fsb Adv has invested 0% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Invesco Limited reported 0.1% in Autodesk, Inc. (NASDAQ:ADSK). Rafferty Asset Management Ltd Liability Corporation accumulated 0.02% or 11,949 shares. Asset One stated it has 0.09% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Ing Groep Nv accumulated 0.01% or 2,599 shares. Glob X Mgmt Lc accumulated 0.01% or 5,617 shares. Missouri-based Comm Bancorporation has invested 0.02% in Autodesk, Inc. (NASDAQ:ADSK). Daiwa Secs Gp stated it has 6,550 shares or 0.01% of all its holdings.

Analysts await Autodesk, Inc. (NASDAQ:ADSK) to report earnings on August, 23 after the close. They expect $-0.06 earnings per share, up 84.21% or $0.32 from last year’s $-0.38 per share. After $-0.19 actual earnings per share reported by Autodesk, Inc. for the previous quarter, Wall Street now forecasts -68.42% EPS growth.

Since March 7, 2018, it had 0 insider buys, and 11 insider sales for $8.98 million activity. BEVERIDGE CRAWFORD W sold 1,500 shares worth $199,665. The insider Di Fronzo Pascal W sold $48,329. Blum Steven M sold $1.84 million worth of Autodesk, Inc. (NASDAQ:ADSK) on Monday, June 4. Another trade for 350 shares valued at $48,349 was made by BLASING KAREN on Thursday, June 14. 20,499 Autodesk, Inc. (NASDAQ:ADSK) shares with value of $2.57M were sold by Anagnost Andrew.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

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