Retirement Systems of Alabama lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,343 shares of the software company’s stock after purchasing an additional 12,307 shares during the quarter. Retirement Systems of Alabama’s holdings in Autodesk were worth $11,938,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ADSK. Dimensional Fund Advisors LP boosted its position in shares of Autodesk by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 324,071 shares of the software company’s stock valued at $28,022,000 after purchasing an additional 19,439 shares during the period. Bank of Montreal Can lifted its position in Autodesk by 12.1% during the 2nd quarter. Bank of Montreal Can now owns 116,125 shares of the software company’s stock worth $11,709,000 after acquiring an additional 12,528 shares during the period. Nisa Investment Advisors LLC lifted its position in Autodesk by 6.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 47,793 shares of the software company’s stock worth $4,949,000 after acquiring an additional 3,000 shares during the period. Aperio Group LLC raised its stake in shares of Autodesk by 15.3% during the 2nd quarter. Aperio Group LLC now owns 114,324 shares of the software company’s stock worth $11,526,000 after buying an additional 15,162 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of Autodesk by 3.6% during the 2nd quarter. US Bancorp DE now owns 35,626 shares of the software company’s stock worth $3,592,000 after buying an additional 1,224 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

ADSK has been the subject of a number of analyst reports. Canaccord Genuity reissued a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. Evercore ISI reissued a “buy” rating and set a $135.00 target price on shares of Autodesk in a research note on Wednesday, August 23rd. Berenberg Bank initiated coverage on Autodesk in a research note on Wednesday, August 23rd. They set a “buy” rating and a $136.00 target price for the company. Cowen and Company reissued a “buy” rating and set a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Finally, BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Autodesk has a consensus rating of “Buy” and a consensus price target of $124.50.

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In other news, SVP Steven M. Blum sold 9,128 shares of Autodesk stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $112.26, for a total transaction of $1,024,709.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Insiders sold 79,789 shares of company stock worth $9,189,363 in the last quarter. 6.10% of the stock is owned by insiders.

Shares of Autodesk, Inc. (ADSK) opened at $127.00 on Friday. Autodesk, Inc. has a fifty-two week low of $68.06 and a fifty-two week high of $127.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02.

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

About Autodesk

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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