AMP Capital Investors Ltd Grows Holdings in Autodesk, Inc. (ADSK)

AMP Capital Investors Ltd lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,378 shares of the software company’s stock after purchasing an additional 7,905 shares during the quarter. AMP Capital Investors Ltd’s holdings in Autodesk were worth $7,915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Supplemental Annuity Collective Trust of NJ increased its stake in shares of Autodesk by 50.0% during the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 3,000 shares of the software company’s stock worth $393,000 after purchasing an additional 1,000 shares during the last quarter. Alpha Windward LLC acquired a new position in shares of Autodesk during the 2nd quarter worth $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Autodesk by 3.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,591 shares of the software company’s stock worth $17,512,000 after purchasing an additional 4,298 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Autodesk by 53.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the software company’s stock worth $186,000 after purchasing an additional 492 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Autodesk by 18.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 84,477 shares of the software company’s stock worth $11,074,000 after purchasing an additional 13,249 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

NASDAQ:ADSK opened at $151.38 on Friday. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57. The firm has a market capitalization of $32.98 billion, a P/E ratio of -94.61, a PEG ratio of 105.50 and a beta of 1.82.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. During the same period last year, the business posted ($0.11) EPS. Autodesk’s revenue was up 21.9% compared to the same quarter last year. research analysts forecast that Autodesk, Inc. will post 0.06 EPS for the current year.

In other Autodesk news, Director Lorrie M. Norrington sold 5,001 shares of the stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total value of $783,906.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Fronzo Pascal W. Di sold 7,185 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $138.78, for a total transaction of $997,134.30. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Several research analysts have recently commented on the stock. Barclays increased their price target on shares of Autodesk from $152.00 to $166.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. KeyCorp increased their price target on shares of Autodesk from $150.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, August 24th. Guggenheim restated a “neutral” rating and set a $150.00 price target on shares of Autodesk in a research note on Wednesday, August 8th. Credit Suisse Group increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Finally, Deutsche Bank increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $161.63.

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; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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