Autodesk, Inc. (ADSK) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,589,285 shares of the software company’s stock after acquiring an additional 114,870 shares during the period. Ameriprise Financial Inc. owned about 0.73% of Autodesk worth $178,415,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Autodesk by 245.1% during the third quarter. SG Americas Securities LLC now owns 30,618 shares of the software company’s stock valued at $3,437,000 after acquiring an additional 21,747 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Autodesk by 6.6% during the third quarter. Advisors Asset Management Inc. now owns 21,680 shares of the software company’s stock valued at $2,434,000 after acquiring an additional 1,341 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Autodesk by 5.5% during the third quarter. Russell Investments Group Ltd. now owns 699,042 shares of the software company’s stock valued at $78,464,000 after acquiring an additional 36,667 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Autodesk by 4.1% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 49,179 shares of the software company’s stock valued at $5,521,000 after acquiring an additional 1,939 shares in the last quarter. Finally, Comerica Bank raised its stake in shares of Autodesk by 4.5% during the third quarter. Comerica Bank now owns 100,931 shares of the software company’s stock valued at $12,506,000 after acquiring an additional 4,352 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Autodesk, Inc. (NASDAQ ADSK) opened at $129.50 on Friday. Autodesk, Inc. has a 12 month low of $68.06 and a 12 month high of $129.54. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same period in the previous year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. analysts forecast that Autodesk, Inc. will post -1.38 EPS for the current fiscal year.
In other Autodesk news, insider Andrew Anagnost sold 24,004 shares of Autodesk stock in a transaction on Monday, August 28th. The shares were sold at an average price of $112.73, for a total value of $2,705,970.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The disclosure for this sale can be found here. Insiders sold 79,789 shares of company stock worth $9,189,363 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Several analysts have recently weighed in on ADSK shares. OTR Global downgraded shares of Autodesk to a “positive” rating in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $138.00 price target (up previously from $137.00) on shares of Autodesk in a research note on Friday, August 11th. Robert W. Baird boosted their price objective on shares of Autodesk from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. Finally, Barclays PLC boosted their price objective on shares of Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $126.90.
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Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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