State of Tennessee Treasury Department boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 15.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,601 shares of the software company’s stock after buying an additional 11,554 shares during the quarter. State of Tennessee Treasury Department’s holdings in Autodesk were worth $9,497,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Sustainable Growth Advisers LP bought a new position in shares of Autodesk during the 2nd quarter valued at $208,956,000. Renaissance Technologies LLC bought a new position in Autodesk in the 2nd quarter worth $140,338,000. Neuberger Berman Group LLC raised its holdings in Autodesk by 979.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock worth $98,699,000 after acquiring an additional 888,233 shares during the period. Fred Alger Management Inc. raised its holdings in Autodesk by 52.3% in the 2nd quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock worth $243,405,000 after acquiring an additional 829,021 shares during the period. Finally, BlackRock Inc. raised its holdings in Autodesk by 4.8% in the 2nd quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after acquiring an additional 735,647 shares during the period. Institutional investors own 94.75% of the company’s stock.

Several brokerages recently commented on ADSK. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. KeyCorp lifted their target price on shares of Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $120.00 target price (up previously from $115.00) on shares of Autodesk in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $118.26.

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In related news, insider Andrew Anagnost sold 24,004 shares of Autodesk stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Insiders have sold a total of 79,789 shares of company stock valued at $9,189,363 over the last three months. 6.10% of the stock is currently owned by insiders.

Autodesk, Inc. (ADSK) opened at $123.11 on Friday. Autodesk, Inc. has a 1-year low of $68.06 and a 1-year high of $126.44. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same period last year, the firm posted $0.05 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. equities analysts forecast that Autodesk, Inc. will post -1.38 earnings per share for the current fiscal year.

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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