Bronfman E.L. Rothschild L.P. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 30.3% during the 3rd quarter, Holdings Channel reports. The fund owned 928 shares of the software company’s stock after selling 403 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Autodesk were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of 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 acquiring an additional 356,914 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of 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 acquiring an additional 173,531 shares during the last quarter. Jackson Square Partners LLC boosted its holdings in shares of Autodesk by 3.7% in the 3rd quarter. Jackson Square Partners LLC now owns 3,156,075 shares of the software company’s stock valued at $492,694,000 after acquiring an additional 111,716 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Autodesk by 144.8% in the 3rd quarter. Brown Advisory Inc. now owns 2,591,367 shares of the software company’s stock valued at $404,538,000 after acquiring an additional 1,532,949 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Autodesk by 1.6% in the 2nd quarter. Northern Trust Corp now owns 2,533,136 shares of the software company’s stock valued at $332,069,000 after acquiring an additional 40,719 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ ADSK opened at $132.57 on Friday. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $641.07 million. Autodesk had a negative net margin of 13.37% and a negative return on equity of 3,087.49%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.12) earnings per share. Sell-side analysts expect that Autodesk, Inc. will post 0.09 earnings per share for the current year.
ADSK has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Autodesk from $152.00 to $166.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. KeyCorp increased their price target on shares of Autodesk from $150.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, August 24th. Argus raised shares of Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Friday, November 23rd. Zacks Investment Research reissued a “hold” rating on shares of Autodesk in a report on Monday, November 12th. Finally, Credit Suisse Group increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. Autodesk presently has a consensus rating of “Buy” and an average price target of $160.63.
In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total transaction of $149,770.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,008 shares of company stock worth $3,784,036. Insiders own 0.14% of the company’s stock.
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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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