People get into a lot of trouble with headphones. Your problem is the M-Audio. It is a cheap and cheerful device and obviously its headphone amp is problematic for driving phones. They do not specify the output impedance of the M-Audio which they should.
Normally good studio phones have an impedance of 250 or 600 ohms. Consumer headphones usually have impedances in the 8 to 30 ohm range. Your Sens have chosen a middle course with an impedance of 65 ohms.
Now I have done some digging and found that another individual with AKG headphones with an impedance of 62 ohms has the same problem you do. It seems that M-Audio unit has trouble driving headphones over 30 ohms impedance.
In general high impedance 250 or 600 Ohm phones sound best with the headphone amps of good expensive pro gear like mix desks. I have always used high impedance phones.
So you are driving your M-Audio into voltage clipping of the headphone amp.
Your solution is to buy a headphone amp comfortable with phones of 65 ohm impedance and up, and connect it to the line outs of the M-Audio TRS outputs.