LPL Financial LLC Has $11.50 Million Position in Autodesk, Inc. (ADSK)

LPL Financial LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,664 shares of the software company’s stock after buying an additional 722 shares during the quarter. LPL Financial LLC’s holdings in Autodesk were worth $11,500,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Wexford Capital LP acquired a new stake in Autodesk during the 3rd quarter valued at $2,930,000. Fifth Third Bancorp lifted its holdings in Autodesk by 3.2% during the 3rd quarter. Fifth Third Bancorp now owns 22,652 shares of the software company’s stock valued at $3,536,000 after purchasing an additional 694 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Autodesk during the 3rd quarter valued at $333,000. Ibex Investors LLC acquired a new stake in Autodesk during the 3rd quarter valued at $212,000. Finally, Renaissance Technologies LLC acquired a new stake in Autodesk during the 3rd quarter valued at $106,197,000. 94.02% of the stock is owned by institutional investors and hedge funds.

ADSK opened at $131.50 on Friday. Autodesk, Inc. has a fifty-two week low of $101.55 and a fifty-two week high of $159.94. The firm has a market cap of $28.80 billion, a PE ratio of -82.19, a PEG ratio of 38.99 and a beta of 1.96.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 13.37%. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $641.07 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The company’s revenue was up 28.3% on a year-over-year basis. Research analysts forecast that Autodesk, Inc. will post 0.09 EPS for the current fiscal year.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $136.36, for a total value of $136,360.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. Insiders have sold 25,008 shares of company stock valued at $3,784,036 in the last three months. Insiders own 0.14% of the company’s stock.

Several equities research analysts have issued reports on the company. CIBC raised their price target on Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Oppenheimer raised their price target on Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, August 24th. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Credit Suisse Group raised their price target on Autodesk from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $158.67.

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Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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