Seeyond reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 4,388 shares of the software company’s stock after selling 112 shares during the period. Seeyond’s holdings in Autodesk were worth $715,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Farmers National Bank acquired a new position in Autodesk during the 1st 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 stake 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 purchasing an additional 108 shares during the last quarter. 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 stake 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 purchasing an additional 82 shares during the last quarter. 93.38% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. BidaskClub raised Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 target price for the company. in a report on Monday, June 3rd. JPMorgan Chase & Co. reduced their target price on Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, August 28th. Barclays reduced their target price on Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $190.00 target price on shares of Autodesk in a report on Sunday, September 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. Autodesk currently 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 263 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.02, for a total value of $39,718.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,736 shares of company stock valued at $774,024. 0.12% of the stock is owned by corporate insiders.

NASDAQ ADSK traded down $0.89 on Friday, hitting $154.80. 358,268 shares of the stock traded hands, compared to its average volume of 3,139,753. The business’s fifty day moving average is $149.71 and its two-hundred day moving average is $161.69. Autodesk, Inc. has a 12 month low of $117.72 and a 12 month high of $178.95. The firm 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.

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

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.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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