Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,353 shares of the software company’s stock after buying an additional 1,012 shares during the period. Advisory Services Network LLC’s holdings in Autodesk were worth $876,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its stake in shares of Autodesk by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after purchasing an additional 42 shares in the last quarter. Smithfield Trust Co. grew its stake in Autodesk by 20.6% during the 3rd quarter. Smithfield Trust Co. now owns 2,590 shares of the software company’s stock valued at $291,000 after acquiring an additional 443 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Autodesk by 3.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,908 shares of the software company’s stock valued at $1,201,000 after acquiring an additional 445 shares in the last quarter. Penserra Capital Management LLC grew its stake in Autodesk by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 3,150 shares of the software company’s stock valued at $330,000 after acquiring an additional 495 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Autodesk by 2.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 23,190 shares of the software company’s stock valued at $2,614,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 94.30% of the company’s stock.

Several equities analysts have weighed in on ADSK shares. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, November 15th. Morgan Stanley upped their price objective on shares of Autodesk from $120.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. restated a “buy” rating and issued a $130.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Finally, KeyCorp reiterated an “overweight” rating and set a $136.00 target price (up from $127.00) on shares of Autodesk in a report on Thursday, November 16th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $132.68.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $115.03 on Friday. 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, Inc. has a 52 week low of $81.75 and a 52 week high of $131.10. The company has a market cap of $25,340.00, a PE ratio of -44.76, a P/E/G ratio of 15.39 and a beta of 1.91.

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

In related news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,510 shares of company stock valued at $1,413,279. Insiders own 6.10% of the company’s stock.

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About Autodesk

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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