British Columbia Investment Management Corp lowered its stake in Autodesk Inc. (NASDAQ:ADSK) by 15.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,904 shares of the software company’s stock after selling 20,353 shares during the period. British Columbia Investment Management Corp’s holdings in Autodesk were worth $7,877,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Euclid Advisors LLC increased its stake in Autodesk by 11.8% in the first quarter. Euclid Advisors LLC now owns 43,130 shares of the software company’s stock worth $2,515,000 after buying an additional 4,541 shares during the last quarter. Private Asset Management Inc. acquired a new stake in Autodesk during the second quarter worth $1,606,000. DNB Asset Management AS increased its stake in Autodesk by 2.3% in the second quarter. DNB Asset Management AS now owns 17,528 shares of the software company’s stock worth $949,000 after buying an additional 400 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Autodesk by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 58,135 shares of the software company’s stock worth $3,147,000 after buying an additional 3,274 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Autodesk by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 191,856 shares of the software company’s stock worth $10,387,000 after buying an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Shares of Autodesk Inc. (NASDAQ:ADSK) traded down 2.903% during trading on Wednesday, hitting $73.075. 5,876,142 shares of the stock traded hands. The firm’s market cap is $16.21 billion. Autodesk Inc. has a 12 month low of $41.60 and a 12 month high of $78.58. The company has a 50 day moving average price of $72.33 and a 200 day moving average price of $64.22.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 29th. The software company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.06. The firm had revenue of $489.60 million for the quarter. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Analysts anticipate that Autodesk Inc. will post ($0.60) earnings per share for the current fiscal year.

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ADSK has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Autodesk in a research report on Wednesday, September 14th. They issued a “buy” rating and a $80.00 price target for the company. Zacks Investment Research upgraded shares of Autodesk from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Tuesday, October 4th. Canaccord Genuity lifted their price target on shares of Autodesk from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Friday, August 26th. Citigroup Inc. set a $65.00 price target on shares of Autodesk and gave the company a “hold” rating in a research report on Sunday, August 28th. Finally, Wedbush initiated coverage on shares of Autodesk in a research report on Friday, September 9th. They issued a “neutral” rating and a $60.00 price target for the company. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $69.53.

In related news, CFO Richard Scott Herren sold 1,500 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $68.91, for a total transaction of $103,365.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jan Becker sold 17,363 shares of the stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $71.48, for a total transaction of $1,241,107.24. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.

5 Day Chart for NASDAQ:ADSK

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