Pictet Asset Management Ltd. cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 711,164 shares of the software company’s stock after selling 66,281 shares during the period. Pictet Asset Management Ltd. owned about 0.32% of Autodesk worth $79,487,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Tdam USA Inc. increased its stake in shares of Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock valued at $415,000 after buying an additional 21 shares in the last quarter. Tyers Asset Management LLC increased its stake in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock valued at $386,000 after buying an additional 32 shares in the last quarter. Elkfork Partners LLC increased its stake in shares of Autodesk by 0.7% in the first quarter. Elkfork Partners LLC now owns 6,138 shares of the software company’s stock valued at $531,000 after buying an additional 44 shares in the last quarter. Finally, Meadow Creek Investment Management LLC increased its stake in shares of Autodesk by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock valued at $675,000 after buying an additional 56 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 109.82 on Tuesday. Autodesk, Inc. has a 52 week low of $58.25 and a 52 week high of $115.25. The stock has a 50 day moving average price of $106.74 and a 200-day moving average price of $94.70. The company’s market capitalization is $24.20 billion.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The company had revenue of $485.70 million during the quarter, compared to the consensus estimate of $470.27 million. During the same period last year, the company earned ($0.10) earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current year.

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Several equities research analysts have recently commented on the stock. Guggenheim assumed coverage on shares of Autodesk in a research note on Wednesday, April 12th. They issued a “neutral” rating on the stock. Canaccord Genuity restated a “buy” rating and issued a $120.00 target price on shares of Autodesk in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Pacific Crest restated an “overweight” rating and issued a $105.00 target price on shares of Autodesk in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $104.50.

In other news, CFO Richard Scott Herren sold 35,595 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $111.84, for a total transaction of $3,980,944.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven M. Blum sold 6,638 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $112.71, for a total value of $748,168.98. The disclosure for this sale can be found here. Insiders have sold 170,570 shares of company stock valued at $17,865,037 over the last 90 days. 6.10% 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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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