Trexquant Investment LP acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,900 shares of the software company’s stock, valued at approximately $998,000.

Several other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its position in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after buying an additional 145 shares in the last quarter. Kanawha Capital Management LLC acquired a new position in Autodesk during the second quarter worth approximately $202,000. NBT Bank N A NY acquired a new position in Autodesk during the first quarter worth approximately $210,000. Venturi Wealth Management LLC acquired a new position in Autodesk during the first quarter worth approximately $211,000. Finally, Eastern Bank acquired a new position in Autodesk during the second quarter worth approximately $211,000. Institutional investors own 97.90% of the company’s stock.

Autodesk, Inc. (ADSK) opened at 107.45 on Thursday. The company’s market capitalization is $23.68 billion. Autodesk, Inc. has a one year low of $58.78 and a one year high of $115.25. The stock’s 50 day moving average is $107.19 and its 200 day moving average is $95.72.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, beating 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 company had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts anticipate that Autodesk, Inc. will post ($0.57) earnings per share for the current fiscal year.

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ADSK has been the subject of a number of recent research reports. Evercore ISI restated a “buy” rating and set a $115.00 price objective on shares of Autodesk in a research note on Friday, May 19th. Canaccord Genuity restated a “buy” rating and set a $120.00 price objective (up from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG initiated coverage on shares of Autodesk in a research note on Wednesday, July 19th. They set a “buy” rating and a $130.00 price objective for the company. Finally, TheStreet downgraded shares of Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $104.50.

In related news, SVP Steven M. Blum sold 6,638 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Betsy Rafael sold 2,354 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total transaction of $250,088.96. The disclosure for this sale can be found here. In the last three months, insiders sold 170,570 shares of company stock worth $17,865,037. Insiders own 6.10% of the company’s stock.

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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