Candriam Luxembourg S.C.A. increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 499.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 78,646 shares of the software company’s stock after purchasing an additional 65,524 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Autodesk were worth $8,244,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC bought a new position in Autodesk during the fourth quarter worth about $116,000. Cable Hill Partners LLC boosted its holdings in shares of Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares during the period. Exane Derivatives bought a new stake in shares of Autodesk during the fourth quarter worth approximately $199,000. Cedar Capital LLC bought a new stake in shares of Autodesk during the third quarter worth approximately $207,000. Finally, Chilton Investment Co. LLC bought a new stake in shares of Autodesk during the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 95.05% of the company’s stock.

In other Autodesk news, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,248 shares of company stock valued at $2,148,546. Company insiders own 6.10% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. OTR Global upgraded Autodesk to a “positive” rating in a report on Monday, February 5th. Evercore ISI restated a “buy” rating and set a $135.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Canaccord Genuity restated a “buy” rating and set a $135.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Finally, Wedbush cut Autodesk from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $138.00 to $126.00 in a report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Autodesk has an average rating of “Buy” and a consensus target price of $132.68.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $109.92 on Thursday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk, Inc. has a 1 year low of $81.75 and a 1 year high of $131.10. The firm has a market cap of $24,183.09, a P/E ratio of -42.77, a PEG ratio of 14.82 and a beta of 1.91.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. analysts predict that Autodesk, Inc. will post -1.36 EPS for the current year.

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Autodesk Company 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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