Zurich Insurance Group Ltd FI trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 74.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,209 shares of the software company’s stock after selling 67,314 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Autodesk were worth $2,340,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Autodesk by 2.3% during the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock valued at $2,058,545,000 after buying an additional 466,724 shares in the last quarter. BlackRock Inc. lifted its position in Autodesk by 4.8% during the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after buying an additional 735,647 shares in the last quarter. Loomis Sayles & Co. L P lifted its position 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 valued at $831,453,000 after buying an additional 262,238 shares in the last quarter. State Street Corp lifted its position in Autodesk by 0.5% during the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock valued at $689,876,000 after buying an additional 37,455 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Autodesk by 18.5% during the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock valued at $281,589,000 after buying an additional 436,261 shares in the last quarter. 94.79% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have weighed in on the stock. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. KeyCorp lifted their price target on shares of Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Robert W. Baird set a $125.00 price target on shares of Autodesk and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $120.00 price target on shares of Autodesk in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $118.26.

Shares of Autodesk, Inc. (ADSK) opened at 116.54 on Friday. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $119.73. The company has a 50-day moving average of $112.82 and a 200 day moving average of $103.55. The firm’s market capitalization is $25.54 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, beating the consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. On average, analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current year.

In related news, Director Lorrie M. Norrington sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Fronzo Pascal W. Di sold 580 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,212 shares of company stock valued at $6,742,238. 6.10% of the stock is owned by company 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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