PNC Financial Services Group Inc. Buys 889 Shares of Autodesk, Inc. (ADSK)

PNC Financial Services Group Inc. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% during the first quarter, Holdings Channel reports. The institutional investor owned 30,806 shares of the software company’s stock after buying an additional 889 shares during the period. PNC Financial Services Group Inc.’s holdings in Autodesk were worth $2,664,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. British Columbia Investment Management Corp boosted its position in shares of Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock valued at $9,697,000 after buying an additional 11,871 shares in the last quarter. Vident Investment Advisory LLC boosted its position in shares of Autodesk by 26.5% in the fourth quarter. Vident Investment Advisory LLC now owns 17,669 shares of the software company’s stock valued at $1,308,000 after buying an additional 3,702 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Autodesk by 4.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 9,353,263 shares of the software company’s stock valued at $692,235,000 after buying an additional 439,854 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Autodesk by 131.2% in the fourth quarter. Teachers Advisors LLC now owns 621,633 shares of the software company’s stock valued at $46,007,000 after buying an additional 352,758 shares in the last quarter. Finally, Brandywine Managers LLC bought a new position in shares of Autodesk during the fourth quarter valued at about $293,000. Institutional investors own 97.53% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Autodesk, Inc. (NASDAQ:ADSK) traded down 1.66% during midday trading on Tuesday, hitting $104.40. 618,146 shares of the stock were exchanged. The company’s market cap is $23.01 billion. Autodesk, Inc. has a 12 month low of $49.82 and a 12 month high of $114.68. The firm’s 50 day moving average price is $103.98 and its 200 day moving average price is $88.32.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The firm had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts forecast that Autodesk, Inc. will post ($0.57) earnings per share for the current fiscal year.

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ADSK has been the topic of several research analyst reports. William Blair reiterated an “outperform” rating on shares of Autodesk in a research report on Sunday, May 21st. Griffin Securities boosted their price target on shares of Autodesk from $94.00 to $99.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Robert W. Baird initiated coverage on shares of Autodesk in a research report on Tuesday, February 28th. They set an “outperform” rating and a $100.00 price target on the stock. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Morgan Stanley upgraded shares of Autodesk from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $115.00 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $103.94.

In other news, CEO Andrew Anagnost sold 3,954 shares of Autodesk stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $85.27, for a total value of $337,157.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 9,856 shares of Autodesk stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $84.43, for a total transaction of $832,142.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,891 shares of company stock worth $9,088,583. Insiders own 6.10% of the company’s stock.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ADSK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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