California Public Employees Retirement System increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,700 shares of the software company’s stock after acquiring an additional 15,900 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Autodesk worth $44,734,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after acquiring an additional 17 shares during the last quarter. Tdam USA Inc. increased its holdings in shares of Autodesk by 0.3% during the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock worth $780,000 after acquiring an additional 20 shares during the last quarter. Cleararc Capital Inc. increased its holdings in shares of Autodesk by 0.4% during the 1st quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock worth $415,000 after acquiring an additional 21 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares during the last quarter. Finally, Advantus Capital Management Inc increased its holdings in shares of Autodesk by 0.3% during the 1st quarter. Advantus Capital Management Inc now owns 19,621 shares of the software company’s stock worth $1,697,000 after acquiring an additional 57 shares during the last quarter. 94.77% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on ADSK. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Evercore ISI reissued an “outperform” rating and set a $135.00 target price on shares of Autodesk in a report on Friday, August 25th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Berenberg Bank began coverage on Autodesk in a report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 target price on the stock. Finally, BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $116.35.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 111.78 on Friday. The stock’s 50 day moving average price is $111.53 and its 200-day moving average price is $101.45. Autodesk, Inc. has a 52-week low of $66.36 and a 52-week high of $119.73. The company’s market capitalization is $24.50 billion.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current year.

In other news, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total value of $250,088.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 137,486 shares of company stock valued at $14,230,772. 6.10% of the stock is owned by company insiders.

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Autodesk 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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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