M&T Bank Corp decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,087 shares of the software company’s stock after selling 860 shares during the period. M&T Bank Corp’s holdings in Autodesk were worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc increased its holdings in shares of Autodesk by 0.6% during the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after acquiring an additional 128,028 shares in the last quarter. BlackRock Inc. lifted its holdings in Autodesk by 2.1% in the 3rd quarter. BlackRock Inc. now owns 17,172,820 shares of the software company’s stock valued at $2,680,848,000 after purchasing an additional 356,914 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Autodesk by 1.6% in the 3rd quarter. Loomis Sayles & Co. L P now owns 11,036,081 shares of the software company’s stock valued at $1,722,843,000 after purchasing an additional 173,531 shares in the last quarter. Capital Research Global Investors lifted its holdings in Autodesk by 3.0% in the 3rd quarter. Capital Research Global Investors now owns 6,673,349 shares of the software company’s stock valued at $1,041,777,000 after purchasing an additional 195,972 shares in the last quarter. Finally, Capital World Investors lifted its holdings in Autodesk by 214.7% in the 3rd quarter. Capital World Investors now owns 5,079,079 shares of the software company’s stock valued at $792,895,000 after purchasing an additional 3,465,109 shares in the last quarter. Institutional investors and hedge funds own 94.89% of the company’s stock.
A number of analysts have issued reports on ADSK shares. Argus raised Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday, November 23rd. Stifel Nicolaus started coverage on Autodesk in a research note on Tuesday, December 18th. They issued a “buy” rating and a $163.00 target price for the company. Credit Suisse Group set a $160.00 target price on Autodesk and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Morgan Stanley downgraded Autodesk from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $160.00 to $150.00 in a research note on Tuesday, January 15th. Finally, BidaskClub raised Autodesk from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $158.75.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $641.07 million. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.12) EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 0.09 earnings per share for the current fiscal year.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $136.36, for a total transaction of $136,360.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.
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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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