Grandfield & Dodd LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 166,219 shares of the software company’s stock after selling 4,440 shares during the quarter. Autodesk comprises 2.7% of Grandfield & Dodd LLC’s holdings, making the stock its 7th largest holding. Grandfield & Dodd LLC’s holdings in Autodesk were worth $25,948,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Morgan Stanley lifted its holdings in shares of Autodesk by 197.1% during the second quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock valued at $236,244,000 after purchasing an additional 1,195,537 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Autodesk by 5,008.4% during the second quarter. Brown Advisory Inc. now owns 1,058,418 shares of the software company’s stock valued at $138,748,000 after purchasing an additional 1,037,699 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Autodesk by 248,332.3% during the second quarter. Macquarie Group Ltd. now owns 993,729 shares of the software company’s stock valued at $130,268,000 after purchasing an additional 993,329 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Autodesk by 363.1% during the second quarter. Janus Henderson Group PLC now owns 1,146,506 shares of the software company’s stock valued at $150,295,000 after purchasing an additional 898,919 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in shares of Autodesk by 101.0% during the second quarter. Nomura Holdings Inc. now owns 8,532 shares of the software company’s stock valued at $1,118,000 after purchasing an additional 830,900 shares during the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.
ADSK has been the subject of several recent research reports. Wedbush reiterated a “neutral” rating and set a $137.00 target price on shares of Autodesk in a report on Friday, August 17th. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Guggenheim reiterated a “neutral” rating and set a $150.00 target price on shares of Autodesk in a report on Wednesday, August 8th. ValuEngine upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Friday, September 21st. Finally, Robert W. Baird lifted their target price on shares of Autodesk from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $163.74.
Shares of ADSK opened at $133.50 on Tuesday. Autodesk, Inc. has a twelve month low of $101.55 and a twelve month high of $159.94.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results 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 company had revenue of $612.00 million during the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. On average, analysts forecast that Autodesk, Inc. will post 0.05 earnings per share for the current fiscal year.
In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total transaction of $149,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $152.03, for a total transaction of $3,497,906.24. The disclosure for this sale can be found here. Insiders have sold 29,009 shares of company stock valued at $4,431,583 in the last three months. 0.14% of the stock is owned by insiders.
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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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