Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, Holdings Channel reports. The institutional investor acquired 1,336 shares of the software company’s stock, valued at approximately $208,000.

Several other large investors also recently added to or reduced their stakes in ADSK. Capital World Investors raised its stake 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 valued at $792,895,000 after purchasing an additional 3,465,109 shares during the period. Norges Bank bought a new stake in shares of Autodesk during the 4th quarter valued at $302,827,000. SRS Investment Management LLC increased its stake in Autodesk by 36.6% in the 4th quarter. SRS Investment Management LLC now owns 1,424,578 shares of the software company’s stock worth $183,215,000 after acquiring an additional 381,878 shares during the last quarter. Deutsche Bank AG increased its stake in 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 acquiring an additional 350,543 shares during the last quarter. Finally, HMI Capital LLC increased its stake in Autodesk by 53.2% in the 4th quarter. HMI Capital LLC now owns 849,220 shares of the software company’s stock worth $109,218,000 after acquiring an additional 295,000 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.

A number of brokerages have weighed in on ADSK. Wedbush upped their target price on Autodesk from $131.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. TheStreet upgraded Autodesk from a “d” rating to a “c” rating in a research note on Thursday, February 28th. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank upped their target price on Autodesk to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Finally, Atlantic Securities began coverage on Autodesk in a research note on Wednesday, January 9th. They issued an “overweight” rating and a $180.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $171.26.

In related news, SVP Fronzo Pascal W. Di sold 8,839 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $165.00, for a total transaction of $1,458,435.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Fronzo Pascal W. Di sold 6,650 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total value of $1,064,000.00. The disclosure for this sale can be found here. Insiders sold a total of 48,389 shares of company stock valued at $7,733,483 over the last quarter. Company insiders own 0.14% of the company’s stock.

Shares of ADSK traded down $0.08 during midday trading on Thursday, reaching $170.38. The stock had a trading volume of 583,447 shares, compared to its average volume of 2,012,441. Autodesk, Inc. has a 12-month low of $117.72 and a 12-month high of $169.05. The stock has a market capitalization of $37.42 billion, a P/E ratio of 1,548.91, a PEG ratio of 2.48 and a beta of 1.92.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $737.30 million during the quarter, compared to analysts’ expectations of $707.09 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Research analysts expect that Autodesk, Inc. will post 1.77 EPS for the current fiscal 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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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