Autodesk, Inc. (ADSK) Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 54.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,388 shares of the software company’s stock after buying an additional 10,346 shares during the quarter. Baird Financial Group Inc.’s holdings in Autodesk were worth $3,852,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Advisor Partners LLC lifted its position in Autodesk by 6.9% in the 2nd quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock worth $860,000 after buying an additional 423 shares in the last quarter. HL Financial Services LLC increased its stake in shares of Autodesk by 8.3% during the 2nd quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock worth $727,000 after purchasing an additional 425 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Autodesk by 58.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock worth $174,000 after purchasing an additional 489 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, Stephens Investment Management Group LLC increased its stake in shares of Autodesk by 1.1% during the 2nd quarter. Stephens Investment Management Group LLC now owns 43,789 shares of the software company’s stock worth $5,705,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 95.98% of the company’s stock.

In related news, Director Lorrie M. Norrington sold 5,001 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 7,185 shares of the firm’s 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. Company insiders own 0.14% 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.

Several brokerages have recently commented on ADSK. Wedbush restated a “neutral” rating and set a $137.00 price target on shares of Autodesk in a research note on Friday, May 25th. CIBC increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Oppenheimer increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Friday, July 6th. Finally, Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Thursday, May 31st. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $161.63.

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; 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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