Autodesk, Inc. (ADSK) Holdings Cut by Private Advisor Group LLC

Private Advisor Group LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 95.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,720 shares of the software company’s stock after selling 135,291 shares during the quarter. Private Advisor Group LLC’s holdings in Autodesk were worth $593,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADSK. BlackRock Inc. raised its stake in Autodesk by 3,291.0% during the 1st quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock valued at $1,319,622,000 after purchasing an additional 14,810,994 shares during the period. FMR LLC raised its stake in Autodesk by 13.9% during the 1st quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock valued at $2,617,565,000 after purchasing an additional 3,698,259 shares during the period. Wellington Management Group LLP raised its stake in Autodesk by 104.4% during the 1st quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock valued at $408,622,000 after purchasing an additional 2,413,134 shares during the period. Sustainable Growth Advisers LP acquired a new stake in Autodesk during the 2nd quarter valued at $208,956,000. Finally, Neuberger Berman Group LLC raised its stake in Autodesk by 979.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock valued at $98,699,000 after purchasing an additional 888,233 shares during the period. 94.78% of the stock is currently owned by institutional investors.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 115.46 on Friday. The company’s market capitalization is $25.31 billion. The company has a 50-day moving average of $111.32 and a 200-day moving average of $100.68. Autodesk, Inc. has a one year low of $66.36 and a one year high of $119.73.

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

Several equities analysts have recently commented on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $138.00 price target (up from $137.00) on shares of Autodesk in a report on Friday, August 11th. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Cowen and Company restated a “buy” rating and set a $115.00 price target on shares of Autodesk in a report on Friday, August 18th. Barclays PLC boosted their price target on shares of Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Finally, Evercore ISI restated a “buy” rating and set a $115.00 price target on shares of Autodesk in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $116.35.

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In other Autodesk news, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total value of $250,088.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of Autodesk stock in a transaction on Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold a total of 135,986 shares of company stock worth $14,061,542 over the last quarter. Company insiders own 6.10% of the company’s stock.

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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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