Autodesk, Inc. (ADSK) Shares Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 44,073 shares of the software company’s stock after buying an additional 1,523 shares during the period. Stephens Investment Management Group LLC’s holdings in Autodesk were worth $3,811,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. British Columbia Investment Management Corp raised its stake in shares of Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock worth $9,697,000 after buying an additional 11,871 shares in the last quarter. Vident Investment Advisory LLC raised its stake in shares of Autodesk by 26.5% in the fourth quarter. Vident Investment Advisory LLC now owns 17,669 shares of the software company’s stock worth $1,308,000 after buying an additional 3,702 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Autodesk by 4.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 9,353,263 shares of the software company’s stock worth $692,235,000 after buying an additional 439,854 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Autodesk by 131.2% in the fourth quarter. Teachers Advisors LLC now owns 621,633 shares of the software company’s stock worth $46,007,000 after buying an additional 352,758 shares in the last quarter. Finally, Brandywine Managers LLC bought a new stake in shares of Autodesk during the fourth quarter worth $293,000. Institutional investors own 97.13% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Autodesk, Inc. (NASDAQ ADSK) opened at 111.45 on Wednesday. Autodesk, Inc. has a one year low of $49.82 and a one year high of $114.68. The company has a 50-day moving average of $99.32 and a 200 day moving average of $86.21. The company’s market cap is $24.51 billion.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. The company had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $470.27 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post ($0.57) earnings per share for the current year.

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ADSK has been the subject of a number of research reports. William Blair reiterated an “outperform” rating on shares of Autodesk in a research note on Sunday, May 21st. Griffin Securities boosted their target price on shares of Autodesk from $94.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Robert W. Baird initiated coverage on shares of Autodesk in a research note on Tuesday, February 28th. They set an “outperform” rating and a $100.00 target price for the company. Wedbush boosted their target price on shares of Autodesk to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, February 8th. Finally, Morgan Stanley upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $115.00 in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $103.94.

In other Autodesk news, VP Paul D. Underwood sold 6,490 shares of Autodesk stock in a transaction on Monday, June 5th. The shares were sold at an average price of $111.93, for a total value of $726,425.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,616 shares of Autodesk stock in a transaction on Monday, March 13th. The shares were sold at an average price of $86.02, for a total transaction of $741,148.32. The disclosure for this sale can be found here. Insiders sold 173,790 shares of company stock valued at $16,201,521 in the last ninety days. 6.20% of the stock is owned by corporate insiders.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ADSK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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