Checchi Capital Advisers LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 37.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,288 shares of the software company’s stock after purchasing an additional 622 shares during the period. Checchi Capital Advisers LLC’s holdings in Autodesk were worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Breakline Capital LLC purchased a new stake in shares of Autodesk during the 4th quarter worth $1,014,000. Wealthfront Advisers LLC raised its stake in shares of Autodesk by 1.9% during the 4th quarter. Wealthfront Advisers LLC now owns 7,533 shares of the software company’s stock worth $1,382,000 after buying an additional 141 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Autodesk by 101.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 417 shares of the software company’s stock worth $77,000 after buying an additional 210 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Autodesk by 5.5% during the 4th quarter. Wedbush Securities Inc. now owns 1,917 shares of the software company’s stock worth $352,000 after buying an additional 100 shares during the last quarter. Finally, Nwam LLC acquired a new position in shares of Autodesk during the 4th quarter worth $221,000. Institutional investors own 93.15% of the company’s stock.

In other Autodesk news, CAO Stephen W. Hope sold 212 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $147.81, for a total value of $31,335.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by insiders.

Several research firms have recently issued reports on ADSK. Robert W. Baird reaffirmed a “buy” rating and set a $182.00 price target on shares of Autodesk in a research note on Monday, April 6th. Atlantic Securities downgraded Autodesk from an “overweight” rating to a “neutral” rating and set a $179.00 price target for the company. in a research note on Thursday, April 23rd. Morgan Stanley lifted their price target on Autodesk from $187.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America lifted their price target on Autodesk from $127.00 to $150.00 and gave the stock an “underperform” rating in a research note on Friday, February 28th. Finally, KeyCorp lifted their price target on Autodesk from $210.00 to $224.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Autodesk has an average rating of “Buy” and a consensus price target of $198.35.

ADSK opened at $180.72 on Friday. The stock has a market capitalization of $38.99 billion, a price-to-earnings ratio of 188.25, a price-to-earnings-growth ratio of 1.52 and a beta of 1.60. The business has a 50-day moving average of $168.01 and a two-hundred day moving average of $176.49. Autodesk, Inc. has a 12 month low of $125.38 and a 12 month high of $211.58.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 27th. The software company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $899.30 million during the quarter, compared to analysts’ expectations of $891.06 million. Autodesk had a negative return on equity of 165.74% and a net margin of 6.55%. The firm’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Equities research analysts predict that Autodesk, Inc. will post 2.79 EPS for the current 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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