State Board of Administration of Florida Retirement System Raises Position in Autodesk, Inc. (ADSK)

State Board of Administration of Florida Retirement System boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 314,497 shares of the software company’s stock after buying an additional 520 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.14% of Autodesk worth $35,305,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its holdings in Autodesk by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after buying an additional 17 shares during the last quarter. Tdam USA Inc. raised its holdings in Autodesk by 0.3% in the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after buying an additional 42 shares during the last quarter. Parallel Advisors LLC raised its holdings in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.

In other Autodesk news, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. In the last three months, insiders sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is currently owned by insiders.

Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $124.85 on Monday. Autodesk, Inc. has a 52-week low of $67.15 and a 52-week high of $126.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same quarter last year, the firm posted $0.05 EPS. Autodesk’s revenue was down 8.9% compared to the same quarter last year. analysts expect that Autodesk, Inc. will post -1.38 EPS for the current fiscal year.

A number of research firms have weighed in on ADSK. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. KeyCorp increased their target price on shares of Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Sunday, October 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $120.00 target price (up previously from $115.00) on shares of Autodesk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $118.26.

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Autodesk Company 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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