Bank of Nova Scotia grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 28.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,482 shares of the software company’s stock after buying an additional 12,782 shares during the period. Bank of Nova Scotia’s holdings in Autodesk were worth $5,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ADSK. Vanguard Group Inc. grew its stake in Autodesk by 2.3% during the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock worth $2,058,545,000 after purchasing an additional 466,724 shares during the period. BlackRock Inc. grew its stake in Autodesk by 4.8% during the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after purchasing an additional 735,647 shares during the period. State Street Corp grew its stake in Autodesk by 0.5% during the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock worth $689,876,000 after purchasing an additional 37,455 shares during the period. Franklin Resources Inc. grew its stake in Autodesk by 18.5% during the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock worth $281,589,000 after purchasing an additional 436,261 shares during the period. Finally, American Century Companies Inc. grew its stake in Autodesk by 5.8% during the second quarter. American Century Companies Inc. now owns 2,678,479 shares of the software company’s stock worth $270,044,000 after purchasing an additional 147,911 shares during the period. 94.80% of the stock is owned by institutional investors.

Several equities research analysts recently commented on ADSK shares. Wedbush reaffirmed an “outperform” rating and set a $125.00 target price on shares of Autodesk in a research note on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $120.00 target price on shares of Autodesk in a research note on Wednesday, June 21st. Evercore ISI reaffirmed an “outperform” rating and set a $115.00 target price on shares of Autodesk in a research note on Wednesday, June 21st. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $118.26.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,212 shares of company stock worth $6,742,238. 6.10% of the stock is owned by insiders.

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Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 119.63 on Monday. The firm has a 50-day moving average price of $114.22 and a 200-day moving average price of $105.23. Autodesk, Inc. has a 52-week low of $67.15 and a 52-week high of $119.84. The stock’s market capitalization is $26.22 billion.

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

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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