Teacher Retirement System of Texas Boosts Position in Autodesk, Inc. (ADSK)

Teacher Retirement System of Texas increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 200.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,079 shares of the software company’s stock after buying an additional 87,399 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Autodesk worth $17,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ADSK. Advisor Partners LLC raised its stake in shares of Autodesk by 6.9% in the second quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock worth $860,000 after purchasing an additional 423 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Autodesk by 53.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the software company’s stock worth $186,000 after purchasing an additional 492 shares during the last quarter. HL Financial Services LLC raised its stake in shares of Autodesk by 10.8% in the first quarter. HL Financial Services LLC now owns 5,119 shares of the software company’s stock worth $643,000 after purchasing an additional 500 shares during the last quarter. Investment House LLC raised its stake in shares of Autodesk by 1.1% in the first quarter. Investment House LLC now owns 48,475 shares of the software company’s stock worth $6,087,000 after purchasing an additional 530 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Autodesk by 9.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,554 shares of the software company’s stock worth $859,000 after purchasing an additional 543 shares during the last quarter. 93.40% of the stock is currently owned by institutional investors and hedge funds.

In other Autodesk news, SVP Fronzo Pascal W. Di sold 7,185 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $138.78, for a total transaction of $997,134.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Blasing sold 350 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $138.14, for a total value of $48,349.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,405 shares of company stock valued at $2,890,471. 0.14% of the stock is currently owned by corporate insiders.

ADSK has been the subject of several analyst reports. Morgan Stanley increased their price objective on Autodesk to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 15th. Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Oppenheimer increased their price objective on Autodesk from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, April 19th. Guggenheim reissued a “neutral” rating and issued a $150.00 price objective on shares of Autodesk in a research note on Wednesday, August 8th. Finally, Bank of America increased their price objective on Autodesk from $133.00 to $139.00 and gave the stock a “neutral” rating in a research note on Friday, May 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $150.21.

ADSK stock opened at $131.47 on Thursday. The company has a market capitalization of $29.62 billion, a PE ratio of -82.17, a price-to-earnings-growth ratio of 296.37 and a beta of 1.69. The company has a debt-to-equity ratio of -12.34, a current ratio of 0.92 and a quick ratio of 0.92. Autodesk, Inc. has a 12-month low of $101.55 and a 12-month high of $142.94.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 24th. The software company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. The company had revenue of $559.90 million during the quarter, compared to analyst estimates of $558.49 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 24.39%. Autodesk’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. analysts anticipate that Autodesk, Inc. will post 0.02 earnings per share for the current fiscal year.

About Autodesk

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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