Magnetar Financial LLC Has $423,000 Holdings in Autodesk, Inc. (ADSK)

Magnetar Financial LLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 53.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,764 shares of the software company’s stock after selling 4,282 shares during the quarter. Magnetar Financial LLC’s holdings in Autodesk were worth $423,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC increased its holdings in Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after purchasing an additional 17 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after acquiring an additional 42 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after acquiring an additional 65 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Autodesk by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock valued at $327,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 95.51% of the company’s stock.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $169,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Insiders have sold a total of 63,023 shares of company stock valued at $7,378,094 in the last quarter. 6.10% of the stock is currently owned by insiders.

Autodesk, Inc. (ADSK) opened at $106.02 on Thursday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk, Inc. has a 12-month low of $73.60 and a 12-month high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the previous year, the firm posted ($0.18) EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts predict that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.

ADSK has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Autodesk from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Barclays boosted their price target on Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 18th. Cowen reiterated a “buy” rating and issued a $115.00 price target on shares of Autodesk in a report on Friday, August 18th. Berenberg Bank initiated coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price target for the company. Finally, Evercore ISI reiterated a “buy” rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Autodesk has a consensus rating of “Buy” and an average 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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