Ossiam purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 867 shares of the software company’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also modified their holdings of ADSK. Farmers National Bank purchased a new stake in shares of Autodesk in the first quarter worth approximately $32,000. Thor Advisors LLC purchased a new stake in shares of Autodesk in the first quarter worth approximately $38,000. Next Capital Management LLC raised its holdings in shares of Autodesk by 62.8% in the second quarter. Next Capital Management LLC now owns 280 shares of the software company’s stock worth $46,000 after buying an additional 108 shares during the period. Hanson McClain Inc. purchased a new stake in shares of Autodesk in the first quarter worth approximately $47,000. Finally, Berman Capital Advisors LLC raised its holdings in shares of Autodesk by 34.5% in the first quarter. Berman Capital Advisors LLC now owns 320 shares of the software company’s stock worth $49,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 93.38% of the company’s stock.

NASDAQ:ADSK traded down $0.89 during midday trading on Friday, hitting $154.80. The stock had a trading volume of 358,268 shares, compared to its average volume of 3,139,753. Autodesk, Inc. has a one year low of $117.72 and a one year high of $178.95. The company has a market capitalization of $32.51 billion, a price-to-earnings ratio of 1,407.27, a PEG ratio of 2.58 and a beta of 1.84. The stock has a 50-day moving average of $149.71 and a 200 day moving average of $161.69.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $796.80 million during the quarter, compared to the consensus estimate of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period last year, the company earned $0.19 EPS. As a group, research analysts predict that Autodesk, Inc. will post 1.51 EPS for the current year.

Several equities research analysts have recently weighed in on ADSK shares. Royal Bank of Canada reduced their price target on Autodesk to $175.00 and set a “positive” rating on the stock in a report on Wednesday, August 28th. ValuEngine upgraded Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, September 4th. Oppenheimer reduced their price target on Autodesk from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, August 28th. Wedbush reiterated a “neutral” rating and issued a $149.00 price target (down from $164.00) on shares of Autodesk in a report on Monday, August 26th. Finally, Bank of America downgraded Autodesk from a “neutral” rating to an “underperform” rating in a report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $169.48.

In other Autodesk news, CEO Andrew Anagnost sold 2,434 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $169.47, for a total transaction of $412,489.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Betsy Rafael sold 2,039 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $157.83, for a total value of $321,815.37. The disclosure for this sale can be found here. Insiders have sold a total of 4,736 shares of company stock worth $774,024 in the last ninety days. Insiders own 0.12% of the company’s stock.

Autodesk Company Profile

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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