CAPROCK Group Inc. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,687 shares of the software company’s stock after selling 1,725 shares during the period. CAPROCK Group Inc.’s holdings in Autodesk were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Autodesk by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock valued at $2,058,545,000 after acquiring an additional 466,724 shares during the period. American Century Companies Inc. lifted its position in shares of Autodesk by 13.6% during the 3rd quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock valued at $341,660,000 after acquiring an additional 364,994 shares during the period. Fred Alger Management Inc. lifted its position in shares of Autodesk by 52.3% during the 2nd quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after acquiring an additional 829,021 shares during the period. Meritage Group LP lifted its position in shares of Autodesk by 3,910.0% during the 3rd quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock valued at $251,881,000 after acquiring an additional 2,187,774 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Autodesk by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,589,285 shares of the software company’s stock valued at $178,415,000 after acquiring an additional 114,870 shares during the period. Institutional investors own 95.33% of the company’s stock.

A number of research analysts recently issued reports on the stock. KeyCorp reiterated a “buy” rating and set a $134.00 target price on shares of Autodesk in a research report on Wednesday. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Oppenheimer started coverage on shares of Autodesk in a report on Friday, December 29th. They set an “outperform” rating and a $135.00 price objective on the stock. CIBC started coverage on shares of Autodesk in a report on Friday, December 22nd. They set an “outperform” rating and a $135.00 price objective on the stock. Finally, Evercore ISI set a $135.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk currently has a consensus rating of “Buy” and an average target price of $132.68.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $112.55 on Friday. Autodesk, Inc. has a one year low of $79.15 and a one year high of $131.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. The stock has a market cap of $24,890.15, a price-to-earnings ratio of -43.79 and a beta of 1.92.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue was up 5.2% compared to the same quarter last year. research analysts expect that Autodesk, Inc. will post -1.37 earnings per share for the current year.

In related news, Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,825 shares of company stock valued at $4,595,671. Company insiders own 6.10% of the company’s stock.

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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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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