Parametric Portfolio Associates LLC Boosts Position in Autodesk, Inc. (ADSK)

Parametric Portfolio Associates LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 332,092 shares of the software company’s stock after buying an additional 2,565 shares during the period. Parametric Portfolio Associates LLC’s holdings in Autodesk were worth $28,716,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Autodesk during the third quarter worth about $101,000. Parallel Advisors LLC acquired a new stake in Autodesk during the fourth quarter worth about $137,000. Independent Advisor Alliance acquired a new stake in Autodesk during the fourth quarter worth about $138,000. Baird Financial Group Inc. boosted its stake in Autodesk by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,838 shares of the software company’s stock worth $210,000 after buying an additional 29 shares during the period. Finally, NBT Bank N A NY acquired a new stake in Autodesk during the first quarter worth about $210,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Autodesk, Inc. (NASDAQ:ADSK) traded up 14.69% during midday trading on Friday, hitting $109.91. 10,085,671 shares of the stock traded hands. Autodesk, Inc. has a 12-month low of $49.82 and a 12-month high of $112.18. The stock’s market capitalization is $24.27 billion. The firm’s 50 day moving average is $90.03 and its 200-day moving average is $82.49.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The company had revenue of $485.70 million for the quarter, compared to analysts’ expectations of $470.27 million. During the same quarter last year, the business earned ($0.10) earnings per share. Autodesk’s revenue was down 5.1% on a year-over-year basis. On average, analysts anticipate that Autodesk, Inc. will post ($0.60) EPS for the current fiscal year.

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A number of research firms have issued reports on ADSK. Guggenheim began coverage on shares of Autodesk in a research note on Wednesday, April 12th. They issued a “neutral” rating for the company. Royal Bank of Canada boosted their price objective on shares of Autodesk from $87.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Canaccord Genuity restated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Autodesk in a research note on Friday, March 3rd. Finally, Wedbush restated an “outperform” rating and issued a $125.00 price objective (up from $120.00) on shares of Autodesk in a research note on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $100.24.

In related news, SVP Jan Becker sold 2,865 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $95.73, for a total value of $274,266.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Crawford W. Beveridge sold 7,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $82.48, for a total value of $577,360.00. The disclosure for this sale can be found here. Insiders sold 132,067 shares of company stock worth $11,323,341 in the last 90 days. 6.20% of the stock is owned by company 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).

5 Day Chart for NASDAQ:ADSK

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