Autodesk, Inc. (ADSK) Position Raised by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,320 shares of the software company’s stock after purchasing an additional 15,620 shares during the quarter. California Public Employees Retirement System owned about 0.21% of Autodesk worth $51,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after acquiring an additional 17 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Autodesk by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after acquiring an additional 42 shares in the last quarter. Parallel Advisors LLC raised its position in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares in the last quarter. Ballentine Partners LLC raised its position in Autodesk by 1.3% in the second quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock worth $572,000 after acquiring an additional 65 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in Autodesk by 3.0% in the second quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock worth $327,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 95.51% of the company’s stock.

Autodesk, Inc. (NASDAQ ADSK) opened at $106.25 on Friday. Autodesk, Inc. has a 12 month low of $73.60 and a 12 month high of $131.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The firm had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. During the same quarter last year, the business posted ($0.18) EPS. Autodesk’s revenue was up 5.2% on a year-over-year basis. equities analysts anticipate that Autodesk, Inc. will post -1.36 EPS for the current year.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of Autodesk stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,023 shares of company stock worth $7,378,094. Company insiders own 6.10% of the company’s stock.

Several equities research analysts have commented on the stock. Evercore ISI reiterated a “buy” rating and issued a $135.00 price target on shares of Autodesk in a research report on Wednesday, September 20th. Cowen reiterated a “buy” rating and issued a $115.00 price target on shares of Autodesk in a research report on Friday, August 18th. Barclays boosted their price target on shares of Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Morgan Stanley reiterated an “overweight” rating and issued a $120.00 price target (up from $115.00) on shares of Autodesk in a research report on Friday, August 25th. Finally, UBS reiterated a “buy” rating and issued a $140.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $132.55.

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Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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