Nippon Life Global Investors Americas Inc. Takes Position in Autodesk, Inc. (ADSK)

Nippon Life Global Investors Americas Inc. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,080 shares of the software company’s stock, valued at approximately $1,736,000.

Several other large investors also recently modified their holdings of ADSK. BlackRock Inc. raised its stake in shares of Autodesk by 3,291.0% in the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after buying an additional 14,810,994 shares during the period. FMR LLC raised its stake in shares of Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after buying an additional 3,698,259 shares during the period. Wellington Management Group LLP raised its stake in shares of Autodesk by 104.4% in the first quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock worth $408,622,000 after buying an additional 2,413,134 shares during the period. Norges Bank bought a new stake in shares of Autodesk during the fourth quarter worth about $119,478,000. Finally, Vanguard Group Inc. raised its stake in shares of Autodesk by 3.3% in the first quarter. Vanguard Group Inc. now owns 19,951,299 shares of the software company’s stock worth $1,725,188,000 after buying an additional 633,999 shares during the period. Institutional investors and hedge funds own 97.53% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Autodesk, Inc. (NASDAQ:ADSK) traded up 0.86% during mid-day trading on Monday, reaching $105.78. 1,773,632 shares of the company traded hands. The stock’s 50-day moving average price is $103.52 and its 200-day moving average price is $87.84. The firm’s market cap is $23.31 billion. Autodesk, Inc. has a one year low of $49.82 and a one year high of $114.68.

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, topping the consensus estimate of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The business had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. During the same quarter last year, the firm earned ($0.10) EPS. Autodesk’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts forecast that Autodesk, Inc. will post ($0.57) earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on ADSK shares. Griffin Securities boosted their price objective on shares of Autodesk from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $100.00 price objective (up previously from $95.00) on shares of Autodesk in a research report on Friday, March 3rd. Evercore ISI reaffirmed a “buy” rating and set a $96.00 price objective on shares of Autodesk in a research report on Wednesday, April 19th. TheStreet downgraded shares of Autodesk from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $103.94.

In related news, CEO Andrew Anagnost sold 3,954 shares of Autodesk stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $85.27, for a total transaction of $337,157.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Paul D. Underwood sold 6,490 shares of Autodesk stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $111.93, for a total transaction of $726,425.70. The disclosure for this sale can be found here. Insiders have sold a total of 143,979 shares of company stock worth $13,775,470 in the last three months. 6.10% of the stock is owned by insiders.

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).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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