Royal London Asset Management Ltd. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 87,149 shares of the software company’s stock after selling 820 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Autodesk were worth $13,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Asset Management Inc. lifted its holdings in Autodesk by 10.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 544,675 shares of the software company’s stock worth $85,029,000 after buying an additional 49,568 shares in the last quarter. Cedar Capital LLC lifted its stake in shares of Autodesk by 38.8% in the 3rd quarter. Cedar Capital LLC now owns 9,714 shares of the software company’s stock valued at $1,516,000 after purchasing an additional 2,717 shares during the period. Piedmont Investment Advisors Inc. lifted its stake in shares of Autodesk by 523.3% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 15,545 shares of the software company’s stock valued at $2,427,000 after purchasing an additional 13,051 shares during the period. Norinchukin Bank The lifted its stake in shares of Autodesk by 13.3% in the 3rd quarter. Norinchukin Bank The now owns 28,119 shares of the software company’s stock valued at $4,390,000 after purchasing an additional 3,293 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Autodesk by 24.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,813 shares of the software company’s stock valued at $2,937,000 after purchasing an additional 3,655 shares during the period. 95.88% of the stock is currently owned by institutional investors and hedge funds.

ADSK has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Autodesk from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Griffin Securities increased their price target on Autodesk from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 24th. ValuEngine downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird increased their price target on Autodesk from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, Canaccord Genuity increased their price target on Autodesk from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $163.74.

ADSK opened at $125.74 on Tuesday. Autodesk, Inc. has a 12 month low of $101.55 and a 12 month high of $159.94.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The business had revenue of $612.00 million during the quarter, compared to analysts’ expectations of $600.36 million. During the same quarter in the prior year, the company earned ($0.11) EPS. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. Research analysts expect that Autodesk, Inc. will post 0.05 EPS for the current fiscal year.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Anagnost sold 23,008 shares of the company’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $152.03, for a total transaction of $3,497,906.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,009 shares of company stock valued at $4,431,583. 0.14% of the stock is owned by corporate insiders.

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Autodesk Profile

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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