2,087 Shares in Autodesk, Inc. (ADSK) Acquired by Eastern Bank

Eastern Bank bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,087 shares of the software company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Russell Investments Group Ltd. acquired a new stake in Autodesk during the fourth quarter valued at $603,000. Dimensional Fund Advisors LP increased its stake in Autodesk by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,632 shares of the software company’s stock valued at $22,549,000 after buying an additional 12,788 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Autodesk by 5.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,840 shares of the software company’s stock valued at $506,000 after buying an additional 323 shares in the last quarter. Teachers Advisors LLC increased its stake in 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, Kentucky Retirement Systems acquired a new stake in Autodesk during the fourth quarter valued at $1,052,000. Institutional investors own 97.73% of the company’s stock.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 108.56 on Friday. The firm has a 50-day moving average of $107.86 and a 200-day moving average of $96.95. The stock’s market cap is $23.93 billion. Autodesk, Inc. has a one year low of $62.68 and a one year high of $115.25.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the consensus estimate 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 business had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities research analysts expect that Autodesk, Inc. will post ($0.56) earnings per share for the current fiscal year.

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ADSK has been the subject of several recent research reports. Morgan Stanley raised shares of Autodesk from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $115.00 in a research note on Monday, May 1st. Wedbush raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $78.00 to $120.00 in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of Autodesk in a research note on Sunday, May 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $105.85.

In other news, CFO Richard Scott Herren sold 35,595 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $111.84, for a total value of $3,980,944.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,705 shares of company stock valued at $17,590,771. Company 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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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