Autodesk, Inc. (ADSK) Shares Bought by BB&T Corp

BB&T Corp grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,460 shares of the software company’s stock after purchasing an additional 3,956 shares during the period. BB&T Corp’s holdings in Autodesk were worth $16,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Tributary Capital Management LLC bought a new stake in Autodesk during the third quarter worth about $2,217,000. Forte Capital LLC ADV increased its holdings in Autodesk by 8.0% during the 3rd quarter. Forte Capital LLC ADV now owns 28,592 shares of the software company’s stock valued at $4,463,000 after purchasing an additional 2,130 shares during the period. Nisa Investment Advisors LLC increased its holdings in Autodesk by 2.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 46,159 shares of the software company’s stock valued at $7,206,000 after purchasing an additional 960 shares during the period. First Hawaiian Bank purchased a new position in Autodesk during the 3rd quarter valued at about $1,969,000. Finally, Sheets Smith Wealth Management purchased a new position in Autodesk during the 3rd quarter valued at about $581,000. 96.00% of the stock is owned by hedge funds and other institutional investors.

Autodesk stock opened at $141.77 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57. The company has a market cap of $34.13 billion, a price-to-earnings ratio of -88.61, a PEG ratio of 109.17 and a beta of 1.80. Autodesk, Inc. has a fifty-two week low of $101.55 and a fifty-two week high of $159.94.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The business’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.11) EPS. As a group, analysts forecast that Autodesk, Inc. will post 0.06 earnings per share for the current year.

ADSK has been the topic of a number of research analyst reports. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a report on Friday, July 6th. JPMorgan Chase & Co. boosted their price target on Autodesk from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Griffin Securities boosted their price target on Autodesk from $165.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 24th. ValuEngine downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Finally, Robert W. Baird boosted their price target on Autodesk from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $163.74.

In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $152.03, for a total transaction of $3,497,906.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of Autodesk 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 ninety days, insiders have sold 29,009 shares of company stock worth $4,431,583. Insiders own 0.14% of the company’s stock.

Autodesk Company 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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