Northern Trust Corp reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,300,300 shares of the software company’s stock after selling 61,377 shares during the quarter. Northern Trust Corp owned approximately 1.04% of Autodesk worth $231,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC increased its position in Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after buying an additional 3,698,259 shares during the last quarter. Vanguard Group Inc. increased its position in Autodesk by 3.3% in the first quarter. Vanguard Group Inc. now owns 19,951,299 shares of the software company’s stock worth $1,725,188,000 after buying an additional 633,999 shares during the last quarter. BlackRock Inc. increased its position in Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after buying an additional 735,647 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Autodesk by 2.8% in 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 buying an additional 262,238 shares during the last quarter. Finally, State Street Corp increased its position in Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock worth $689,876,000 after buying an additional 37,455 shares during the last quarter. 94.77% of the stock is owned by institutional investors and hedge funds.

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Autodesk, Inc. (NASDAQ ADSK) opened at 111.78 on Friday. The company’s 50-day moving average price is $111.53 and its 200-day moving average price is $101.45. Autodesk, Inc. has a one year low of $66.36 and a one year high of $119.73. The stock’s market cap is $24.50 billion.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.

A number of analysts have issued reports on the company. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Friday, August 25th. Evercore ISI reissued an “outperform” rating and issued a $135.00 target price on shares of Autodesk in a research report on Friday, August 25th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price target for the company. Finally, BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $116.35.

In other news, Director Carl Bass sold 42,297 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $101.72, for a total transaction of $4,302,450.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $112.73, for a total transaction of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold a total of 137,486 shares of company stock worth $14,230,772 over the last three months. 6.10% of the stock is currently owned by corporate insiders.

Autodesk 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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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