Autodesk, Inc. (ADSK) Holdings Lowered by Pacific Grove Capital LP

Pacific Grove Capital LP cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 37.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,719 shares of the software company’s stock after selling 30,933 shares during the period. Autodesk accounts for 2.3% of Pacific Grove Capital LP’s investment portfolio, making the stock its 11th largest holding. Pacific Grove Capital LP’s holdings in Autodesk were worth $5,806,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ADSK. Candriam Luxembourg S.C.A. increased its position in shares of Autodesk by 8.3% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 13,348 shares of the software company’s stock valued at $1,346,000 after purchasing an additional 1,020 shares during the last quarter. IFP Advisors Inc increased its position in shares of Autodesk by 9.3% in the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Autodesk by 39.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 153,539 shares of the software company’s stock valued at $15,480,000 after purchasing an additional 43,667 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Autodesk by 2.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 626,674 shares of the software company’s stock valued at $63,182,000 after purchasing an additional 12,428 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Autodesk by 10.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 23,006 shares of the software company’s stock valued at $2,406,000 after buying an additional 2,227 shares during the last quarter. 95.51% of the stock is currently owned by institutional investors.

Shares of Autodesk, Inc. (ADSK) opened at $107.16 on Monday. Autodesk, Inc. has a 52 week low of $73.60 and a 52 week high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. During the same quarter last year, the business earned ($0.18) EPS. The business’s revenue was up 5.2% on a year-over-year basis. equities research analysts expect that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.

In other news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steven M. Blum sold 9,128 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total transaction of $1,024,709.28. The disclosure for this sale can be found here. Insiders sold a total of 63,023 shares of company stock valued at $7,378,094 in the last quarter. Insiders own 6.10% of the company’s stock.

A number of research analysts recently commented on the stock. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research report on Wednesday, September 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $120.00 target price (up from $115.00) on shares of Autodesk in a research report on Friday, August 25th. Cowen reaffirmed a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research report on Friday, August 18th. Barclays increased their target price on shares of Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 18th. Finally, Robert W. Baird increased their target price on shares of Autodesk from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $132.55.

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Autodesk 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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