Fairfield Bush & CO. Holds Position in Autodesk, Inc. (ADSK)

Fairfield Bush & CO. held its position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,000 shares of the software company’s stock at the end of the second quarter. Fairfield Bush & CO.’s holdings in Autodesk were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares in the last quarter. Harfst & Associates Inc. bought a new position in shares of Autodesk in the second quarter valued at approximately $150,000. IFP Advisors Inc grew its holdings in shares of Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after acquiring an additional 145 shares in the last quarter. Kanawha Capital Management LLC bought a new position in shares of Autodesk in the second quarter valued at approximately $202,000. Finally, First Personal Financial Services grew its holdings in shares of Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after acquiring an additional 1,801 shares in the last quarter. 94.78% of the stock is owned by institutional investors.

In related news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lorrie M. Norrington sold 25,000 shares of Autodesk stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,212 shares of company stock worth $6,742,238. 6.10% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on ADSK shares. Wedbush reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Autodesk in a report on Tuesday, June 20th. Canaccord Genuity reaffirmed a “buy” rating and issued a $120.00 target price on shares of Autodesk in a report on Wednesday, June 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Autodesk in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $118.26.

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded down 0.37% during midday trading on Tuesday, hitting $116.71. The company had a trading volume of 328,510 shares. Autodesk, Inc. has a 1-year low of $67.15 and a 1-year high of $119.73. The stock has a 50 day moving average price of $113.32 and a 200 day moving average price of $104.28. The firm’s market capitalization is $25.58 billion.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the previous year, the company earned $0.05 EPS. Autodesk’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities analysts anticipate that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.

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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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