Advisor Group Inc. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 60.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,540 shares of the software company’s stock after buying an additional 3,956 shares during the quarter. Advisor Group Inc.’s holdings in Autodesk were worth $1,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ADSK. Sustainable Growth Advisers LP purchased a new stake in shares of Autodesk in the 2nd quarter valued at $208,956,000. Renaissance Technologies LLC purchased a new stake in shares of Autodesk in the 2nd quarter valued at $140,338,000. Neuberger Berman Group LLC raised its holdings in shares of Autodesk by 979.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock valued at $98,699,000 after buying an additional 888,233 shares during the period. Fred Alger Management Inc. raised its holdings in shares of Autodesk by 52.3% in the 2nd quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after buying an additional 829,021 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Autodesk by 4.8% in the 2nd quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after buying an additional 735,647 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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In other news, Director Lorrie M. Norrington sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total transaction of $2,778,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction that occurred 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 have sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is owned by company insiders.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $127.49 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk, Inc. has a 1 year low of $68.06 and a 1 year high of $127.92.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. The firm 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 business’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. equities research analysts anticipate that Autodesk, Inc. will post -1.38 EPS for the current fiscal year.

Several research analysts recently commented on ADSK shares. Evercore ISI set a $135.00 target price on Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Canaccord Genuity reissued a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. KeyCorp reissued a “buy” rating and set a $128.00 target price on shares of Autodesk in a research note on Friday, October 6th. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a research note on Sunday, October 1st. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Autodesk in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus target price of $124.50.

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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