US Bancorp DE lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,759 shares of the software company’s stock after purchasing an additional 6,804 shares during the period. US Bancorp DE’s holdings in Autodesk were worth $7,456,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Advisor Partners LLC raised its stake in Autodesk by 6.9% during the 2nd quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock worth $860,000 after buying an additional 423 shares during the period. HL Financial Services LLC raised its stake in Autodesk by 8.3% during the 2nd quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock worth $727,000 after buying an additional 425 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in Autodesk by 1.5% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 29,678 shares of the software company’s stock worth $4,633,000 after buying an additional 439 shares during the period. HPM Partners LLC raised its stake in Autodesk by 11.3% during the 2nd quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock worth $588,000 after buying an additional 457 shares during the period. Finally, IFP Advisors Inc raised its stake in Autodesk by 34.6% during the 3rd quarter. IFP Advisors Inc now owns 1,786 shares of the software company’s stock worth $279,000 after buying an additional 459 shares during the period. Institutional investors own 95.60% of the company’s stock.

A number of research firms recently weighed in on ADSK. Oppenheimer upped their price target on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. BidaskClub downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. CIBC upped their price target on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Credit Suisse Group upped their price target on Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $163.74.

Shares of Autodesk stock opened at $135.55 on Friday. The company has a market capitalization of $30.37 billion, a PE ratio of -84.72, a P/E/G ratio of 116.88 and a beta of 1.97. Autodesk, Inc. has a 52 week low of $101.55 and a 52 week high of $159.94.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $612.00 million during the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The company’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 0.05 EPS for the current year.

In other news, Director Lorrie M. Norrington sold 5,001 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total value of $783,906.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,009 shares of company stock valued at $4,431,583. Company insiders own 0.14% of the company’s stock.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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