Arrowstreet Capital Limited Partnership Takes $2.55 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,300 shares of the software company’s stock, valued at approximately $2,551,000.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Eagle Asset Management Inc. boosted its stake in Autodesk by 5.0% during the second quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock valued at $35,236,000 after buying an additional 16,629 shares in the last quarter. Andra AP fonden boosted its stake in Autodesk by 6.4% during the second quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock valued at $2,531,000 after buying an additional 1,500 shares in the last quarter. Advisor Group Inc. boosted its stake in Autodesk by 17.7% during the second quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock valued at $664,000 after buying an additional 989 shares in the last quarter. Lucha Capital Management LP bought a new position in Autodesk during the second quarter valued at about $8,425,000. Finally, Pacad Investment Ltd. bought a new position in Autodesk during the second quarter valued at about $2,168,000. 94.79% of the stock is currently owned by institutional investors.

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A number of research firms recently weighed in on ADSK. Evercore ISI set a $135.00 price target on Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $128.00 price target on shares of Autodesk in a research report on Friday, October 6th. Robert W. Baird set a $125.00 price target on Autodesk and gave the company a “buy” rating in a research report on Sunday, October 1st. Cowen and Company increased their price target on Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $125.00 price target (up previously from $120.00) on shares of Autodesk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $118.26.

Shares of Autodesk, Inc. (NASDAQ ADSK) traded up 1.84% on Friday, hitting $123.58. The company had a trading volume of 1,523,684 shares. The firm’s market capitalization is $27.09 billion. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $123.97. The firm has a 50 day moving average of $115.57 and a 200-day moving average of $107.06.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current year.

In other Autodesk news, insider Andrew Anagnost sold 24,004 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock worth $6,742,238 in the last three months. Insiders own 6.10% of the company’s stock.

Autodesk Company Profile

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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