First Trust Advisors LP decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 11.8% during the second quarter, Holdings Channel reports. The firm owned 748,684 shares of the software company’s stock after selling 100,119 shares during the period. First Trust Advisors LP’s holdings in Autodesk were worth $75,482,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Tdam USA Inc. raised its stake in shares of Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares during the last quarter. Cleararc Capital Inc. raised its stake in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock valued at $415,000 after buying an additional 21 shares during the last quarter. Tyers Asset Management LLC raised its stake in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock valued at $386,000 after buying an additional 32 shares during the last quarter. Elkfork Partners LLC raised its stake in shares of Autodesk by 0.7% in the first quarter. Elkfork Partners LLC now owns 6,138 shares of the software company’s stock valued at $531,000 after buying an additional 44 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Autodesk by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock valued at $675,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 97.90% of the company’s stock.

Autodesk, Inc. (NASDAQ:ADSK) opened at 108.01 on Friday. The company has a 50-day moving average of $107.20 and a 200-day moving average of $95.98. Autodesk, Inc. has a 1-year low of $61.40 and a 1-year high of $115.25. The firm’s market cap is $23.80 billion.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. The business had revenue of $485.70 million during the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. Autodesk’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. Analysts predict that Autodesk, Inc. will post ($0.57) earnings per share for the current year.

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ADSK has been the topic of several analyst reports. Evercore ISI restated a “buy” rating and issued a $115.00 price target on shares of Autodesk in a research note on Friday, May 19th. Canaccord Genuity restated a “buy” rating and issued a $120.00 price target (up previously from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. Deutsche Bank AG initiated coverage on shares of Autodesk in a research note on Wednesday, July 19th. They issued a “buy” rating and a $130.00 price target on the stock. Finally, TheStreet lowered shares of Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $104.55.

In related news, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl Bass sold 42,297 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $101.72, for a total transaction of $4,302,450.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,570 shares of company stock valued at $17,865,037. 6.10% of the stock is currently owned by insiders.

About Autodesk

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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