Cornerstone Capital Management Holdings LLC. Increases Position in Autodesk, Inc. (ADSK)

Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,855 shares of the software company’s stock after acquiring an additional 4,375 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Autodesk were worth $4,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted 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 purchasing an additional 44 shares during the last quarter. Cable Hill Partners LLC boosted its holdings in Autodesk by 276.7% in the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after purchasing an additional 949 shares during the last quarter. Harfst & Associates Inc. acquired a new position in Autodesk in the 2nd quarter valued at about $150,000. IFP Advisors Inc boosted its holdings in Autodesk by 9.3% in the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares during the last quarter. Finally, First Personal Financial Services boosted its holdings in Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares during the last quarter. 95.51% of the stock is owned by institutional investors.

Several equities analysts have weighed in on ADSK shares. Berenberg Bank started coverage on shares of Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price on the stock. Evercore ISI reiterated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a report on Wednesday, August 23rd. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Canaccord Genuity reiterated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. Finally, Credit Suisse Group boosted their target price on shares of Autodesk from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $132.55.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,023 shares of company stock worth $7,378,094. 6.10% of the stock is owned by company insiders.

Autodesk, Inc. (NASDAQ:ADSK) opened at $108.40 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a fifty-two week low of $73.60 and a fifty-two week high of $131.10.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same period in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts forecast 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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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