Cetera Advisors LLC Buys Shares of 2,964 Autodesk, Inc. (NASDAQ:ADSK)

Cetera Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,964 shares of the software company’s stock, valued at approximately $438,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC boosted its stake in Autodesk by 235.5% in the third quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock valued at $31,000 after acquiring an additional 146 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Autodesk by 45.6% in the third quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock valued at $34,000 after purchasing an additional 73 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Autodesk by 16.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 246,534 shares of the software company’s stock valued at $36,000 after purchasing an additional 34,953 shares during the period. Marquette Asset Management LLC raised its position in shares of Autodesk by 454.5% in the third quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Finally, Bridger Capital Management LLC bought a new stake in shares of Autodesk in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 92.52% of the company’s stock.

Autodesk stock opened at $162.44 on Tuesday. The firm’s 50 day simple moving average is $148.98 and its 200 day simple moving average is $157.40. The firm has a market capitalization of $35.52 billion, a PE ratio of 237.87, a price-to-earnings-growth ratio of 2.82 and a beta of 1.85. Autodesk, Inc. has a 1-year low of $117.72 and a 1-year high of $178.95.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, August 27th. The software company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $796.80 million for the quarter, compared to the consensus estimate of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The business’s revenue was up 30.3% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. As a group, research analysts anticipate that Autodesk, Inc. will post 1.51 earnings per share for the current year.

Several analysts have recently issued reports on ADSK shares. Credit Suisse Group reissued an “outperform” rating and issued a $175.00 price target (down previously from $188.00) on shares of Autodesk in a research report on Wednesday, August 28th. Stifel Nicolaus lowered their price target on shares of Autodesk from $185.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Griffin Securities lowered their price target on shares of Autodesk from $193.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, August 28th. Barclays lowered their price target on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada lowered their price target on shares of Autodesk to $175.00 and set a “positive” rating on the stock in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Autodesk has a consensus rating of “Buy” and a consensus target price of $169.48.

In related news, CAO Stephen W. Hope sold 856 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total transaction of $130,326.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,154 shares of company stock worth $175,163 in the last ninety days. 0.12% of the stock is currently owned by insiders.

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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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