Bbva Compass Bancshares Inc. Raises Stake in Autodesk Inc. (ADSK)

Bbva Compass Bancshares Inc. raised its stake in shares of Autodesk Inc. (NASDAQ:ADSK) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,602 shares of the software company’s stock after buying an additional 1,356 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Autodesk were worth $5,988,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Henderson Group PLC raised its position in Autodesk by 12.0% in the second quarter. Henderson Group PLC now owns 26,237 shares of the software company’s stock valued at $1,420,000 after buying an additional 2,809 shares during the period. Sit Investment Associates Inc. raised its position in Autodesk by 66.5% in the second quarter. Sit Investment Associates Inc. now owns 31,300 shares of the software company’s stock valued at $1,695,000 after buying an additional 12,500 shares during the period. LMR Partners LLP acquired a new position in Autodesk during the second quarter valued at approximately $1,964,000. Grandfield & Dodd LLC raised its position in Autodesk by 1.2% in the second quarter. Grandfield & Dodd LLC now owns 250,823 shares of the software company’s stock valued at $13,580,000 after buying an additional 2,859 shares during the period. Finally, American Century Companies Inc. acquired a new position in Autodesk during the second quarter valued at approximately $246,000. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Shares of Autodesk Inc. (NASDAQ:ADSK) traded up 2.05% on Tuesday, reaching $70.26. 474,646 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $69.65 and its 200-day moving average price is $61.27. The company’s market capitalization is $15.59 billion. Autodesk Inc. has a 1-year low of $41.60 and a 1-year high of $73.40.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.18. The company earned $550.70 million during the quarter, compared to the consensus estimate of $511.49 million. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The company’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. Analysts anticipate that Autodesk Inc. will post ($0.60) EPS for the current fiscal year.

Several equities analysts recently commented on the company. Zacks Investment Research raised Autodesk from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, October 4th. Evercore ISI began coverage on Autodesk in a report on Wednesday, September 14th. They set a “buy” rating and a $80.00 price objective on the stock. Wedbush began coverage on Autodesk in a report on Friday, September 9th. They set a “neutral” rating and a $60.00 price objective on the stock. Rosenblatt Securities lowered Autodesk from a “neutral” rating to a “sell” rating in a report on Tuesday, August 30th. Finally, Citigroup Inc. set a $65.00 price objective on Autodesk and gave the stock a “hold” rating in a report on Sunday, August 28th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $67.53.

In related news, Director Betsy Rafael sold 4,416 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $67.80, for a total transaction of $299,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew Anagnost sold 4,525 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $70.00, for a total transaction of $316,750.00. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.

Autodesk Company Profile

Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.

5 Day Chart for NASDAQ:ADSK

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