Parnassus Investments CA lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600,000 shares of the software company’s stock after selling 60,000 shares during the quarter. Parnassus Investments CA owned approximately 0.27% of Autodesk worth $77,166,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Capital World Investors lifted its position in shares of Autodesk by 214.7% during the 3rd quarter. Capital World Investors now owns 5,079,079 shares of the software company’s stock worth $792,895,000 after buying an additional 3,465,109 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Autodesk by 144.8% during the 3rd quarter. Brown Advisory Inc. now owns 2,591,367 shares of the software company’s stock worth $404,538,000 after purchasing an additional 1,532,949 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Autodesk during the 3rd quarter worth $106,197,000. BlackRock Inc. boosted its position in shares of Autodesk by 2.1% in the 3rd quarter. BlackRock Inc. now owns 17,172,820 shares of the software company’s stock worth $2,680,848,000 after buying an additional 356,914 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Autodesk by 148.2% in the 3rd quarter. Deutsche Bank AG now owns 587,074 shares of the software company’s stock worth $91,646,000 after buying an additional 350,543 shares in the last quarter. Institutional investors own 94.89% of the company’s stock.
Shares of Autodesk stock opened at $154.57 on Tuesday. The stock has a market cap of $33.80 billion, a PE ratio of -96.61, a PEG ratio of 1.93 and a beta of 1.88. Autodesk, Inc. has a 52-week low of $104.74 and a 52-week high of $159.94.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $661.00 million for the quarter, compared to analyst estimates of $641.07 million. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. Sell-side analysts anticipate that Autodesk, Inc. will post 0.09 earnings per share for the current year.
In other news, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $136.36, for a total transaction of $136,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.
A number of analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Autodesk from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $160.00 to $150.00 in a research report on Tuesday, January 15th. Atlantic Securities began coverage on shares of Autodesk in a research report on Wednesday, January 9th. They issued an “overweight” rating and a $180.00 price objective for the company. Argus upgraded Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Friday, November 23rd. Wedbush reduced their price objective on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a research note on Thursday, December 27th. Finally, BidaskClub cut Autodesk from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $158.75.
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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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