Alliancebernstein L.P. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,954 shares of the software company’s stock after selling 32,106 shares during the period. Alliancebernstein L.P. owned approximately 0.15% of Autodesk worth $33,972,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Autodesk by 13.9% during the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after acquiring an additional 3,698,259 shares during the period. Vanguard Group Inc. grew its holdings in Autodesk by 3.3% during the first quarter. Vanguard Group Inc. now owns 19,951,299 shares of the software company’s stock worth $1,725,188,000 after acquiring an additional 633,999 shares during the period. BlackRock Inc. grew its holdings in Autodesk by 3,291.0% during the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after acquiring an additional 14,810,994 shares during the period. Loomis Sayles & Co. L P grew its holdings in Autodesk by 2.8% during the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock worth $831,453,000 after acquiring an additional 262,238 shares during the period. Finally, State Street Corp grew its holdings in Autodesk by 0.5% during the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock worth $689,876,000 after acquiring an additional 37,455 shares during the period. 94.77% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts recently weighed in on ADSK shares. Canaccord Genuity reiterated a “buy” rating and issued a $120.00 price target (up previously from $105.00) on shares of Autodesk in a research report on Sunday, May 21st. William Blair reiterated an “outperform” rating on shares of Autodesk in a research report on Sunday, May 21st. Robert W. Baird reiterated an “outperform” rating and issued a $110.00 price target on shares of Autodesk in a research report on Monday, May 22nd. Sanford C. Bernstein started coverage on Autodesk in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 price target for the company. Finally, Evercore ISI reiterated an “outperform” rating and issued a $115.00 price target on shares of Autodesk in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Autodesk presently has an average rating of “Buy” and a consensus price target of $116.35.

Autodesk, Inc. (NASDAQ:ADSK) opened at 114.13 on Monday. The firm’s market cap is $25.02 billion. Autodesk, Inc. has a 1-year low of $66.36 and a 1-year high of $119.73. The firm has a 50-day moving average price of $111.40 and a 200-day moving average price of $100.87.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.

In related news, Director Betsy Rafael sold 2,354 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total transaction of $250,088.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carl Bass sold 42,297 shares of the firm’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $101.72, for a total value of $4,302,450.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,986 shares of company stock worth $14,061,542. 6.10% of the stock is currently owned by company insiders.

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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