Sciencast Management LP bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,592 shares of the software company’s stock, valued at approximately $1,771,000.

Other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust grew its position in Autodesk by 326.5% in the fourth quarter. First Bank & Trust now owns 4,129 shares of the software company’s stock valued at $531,000 after acquiring an additional 3,161 shares during the last quarter. Actinver Wealth Management Inc. bought a new position in Autodesk in the fourth quarter valued at about $645,000. First Foundation Advisors acquired a new stake in shares of Autodesk during the fourth quarter valued at about $541,000. Pinnacle Associates Ltd. boosted its stake in shares of Autodesk by 12.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 56,650 shares of the software company’s stock valued at $7,286,000 after purchasing an additional 6,445 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Autodesk by 2.3% during the third quarter. Morgan Stanley now owns 1,843,405 shares of the software company’s stock valued at $287,774,000 after purchasing an additional 41,253 shares in the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.

In other Autodesk news, SVP Steven M. Blum sold 16,838 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total value of $2,840,233.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Fronzo Pascal W. Di sold 8,839 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $165.00, for a total value of $1,458,435.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,227 shares of company stock worth $10,573,716. 0.14% of the stock is owned by insiders.

Shares of Autodesk stock traded up $0.74 during midday trading on Monday, reaching $172.61. The company had a trading volume of 28,353 shares, compared to its average volume of 1,955,816. The firm has a market cap of $37.79 billion, a P/E ratio of 1,568.82, a P/E/G ratio of 2.56 and a beta of 1.92. Autodesk, Inc. has a fifty-two week low of $117.72 and a fifty-two week high of $173.44.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $707.09 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, analysts predict that Autodesk, Inc. will post 1.76 EPS for the current year.

A number of brokerages have recently commented on ADSK. Zacks Investment Research raised Autodesk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. KeyCorp began coverage on Autodesk in a research note on Wednesday, April 10th. They set an “overweight” rating and a $196.00 price target on the stock. Mizuho began coverage on Autodesk in a research note on Thursday. They set a “buy” rating and a $200.00 price target on the stock. Stifel Nicolaus began coverage on Autodesk in a research note on Tuesday, December 18th. They set a “buy” rating and a $163.00 price target on the stock. Finally, Wedbush cut their price target on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a research note on Thursday, December 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $172.51.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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