Gabelli Funds LLC Acquires 7,700 Shares of Autodesk, Inc. (ADSK)

Gabelli Funds LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 12.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,200 shares of the software company’s stock after purchasing an additional 7,700 shares during the quarter. Gabelli Funds LLC’s holdings in Autodesk were worth $10,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its holdings in shares of Autodesk by 197.1% during the second quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock valued at $236,244,000 after buying an additional 1,195,537 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Autodesk by 5,008.4% during the second quarter. Brown Advisory Inc. now owns 1,058,418 shares of the software company’s stock valued at $138,748,000 after buying an additional 1,037,699 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Autodesk by 248,332.3% during the second quarter. Macquarie Group Ltd. now owns 993,729 shares of the software company’s stock valued at $130,268,000 after buying an additional 993,329 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Autodesk by 363.1% during the second quarter. Janus Henderson Group PLC now owns 1,146,506 shares of the software company’s stock valued at $150,295,000 after buying an additional 898,919 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in shares of Autodesk by 101.0% during the second quarter. Nomura Holdings Inc. now owns 8,532 shares of the software company’s stock valued at $1,118,000 after buying an additional 830,900 shares during the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.

A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of Autodesk from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. ValuEngine cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Canaccord Genuity increased their price target on shares of Autodesk from $165.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Finally, Evercore ISI reiterated a “buy” rating and set a $175.00 price target on shares of Autodesk in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Autodesk currently has a consensus rating of “Buy” and an average price target of $163.74.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total transaction of $149,770.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $152.03, for a total transaction of $3,497,906.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,009 shares of company stock worth $4,431,583. 0.14% of the stock is owned by insiders.

Shares of Autodesk stock opened at $135.55 on Friday. Autodesk, Inc. has a twelve month low of $101.55 and a twelve month high of $159.94.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The company had revenue of $612.00 million for the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. On average, analysts expect that Autodesk, Inc. will post 0.05 earnings per share for the current year.

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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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