Private Asset Management Inc. Has $4.48 Million Position in Autodesk, Inc. (ADSK)

Private Asset Management Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,752 shares of the software company’s stock after purchasing an additional 6,120 shares during the period. Private Asset Management Inc.’s holdings in Autodesk were worth $4,482,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Autodesk by 2.3% in 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 acquiring an additional 466,724 shares in the last quarter. BlackRock Inc. lifted its position in shares of Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after acquiring an additional 735,647 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Autodesk by 13.6% in the third quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock valued at $341,660,000 after acquiring an additional 364,994 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Autodesk by 18.5% in the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock valued at $281,589,000 after acquiring an additional 436,261 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its position in shares of Autodesk by 52.3% in the second quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after acquiring an additional 829,021 shares in the last quarter. Institutional investors and hedge funds own 95.34% of the company’s stock.

Several equities analysts have recently commented on the company. UBS Group restated a “buy” rating and issued a $140.00 price objective on shares of Autodesk in a research report on Wednesday, November 29th. Wedbush downgraded Autodesk from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $138.00 to $126.00 in a research report on Wednesday, November 29th. Credit Suisse Group restated an “outperform” rating and issued a $135.00 price objective (down from $140.00) on shares of Autodesk in a research report on Wednesday, November 29th. Deutsche Bank set a $140.00 price objective on Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity restated a “buy” rating and issued a $135.00 price objective on shares of Autodesk in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-three have assigned a buy rating to the company. Autodesk has a consensus rating of “Buy” and a consensus price target of $132.77.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total transaction of $159,435.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Insiders have sold 38,825 shares of company stock worth $4,595,671 over the last three months. 6.10% of the stock is currently owned by insiders.

Shares of Autodesk, Inc. (ADSK) traded down $1.23 during midday trading on Friday, reaching $110.84. The company’s stock had a trading volume of 2,384,231 shares, compared to its average volume of 2,134,295. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a 52 week low of $76.89 and a 52 week high of $131.10. The company has a market capitalization of $24,750.00, a PE ratio of -43.13 and a beta of 1.91.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts predict that Autodesk, Inc. will post -1.37 EPS for the current year.

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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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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