Mackay Shields LLC Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mackay Shields LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,781 shares of the software company’s stock after buying an additional 1,798 shares during the period. Mackay Shields LLC’s holdings in Autodesk were worth $7,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berkeley Capital Partners LLC grew its position in shares of Autodesk by 1.8% in the 2nd quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock valued at $622,000 after buying an additional 69 shares during the last quarter. BB&T Securities LLC grew its position in shares of Autodesk by 6.7% in the 2nd quarter. BB&T Securities LLC now owns 59,883 shares of the software company’s stock valued at $9,755,000 after buying an additional 3,742 shares during the last quarter. Capital Planning Advisors LLC grew its position in shares of Autodesk by 6.2% in the 2nd quarter. Capital Planning Advisors LLC now owns 12,460 shares of the software company’s stock valued at $2,030,000 after buying an additional 725 shares during the last quarter. Calamos Advisors LLC grew its position in shares of Autodesk by 9.5% in the 3rd quarter. Calamos Advisors LLC now owns 53,720 shares of the software company’s stock valued at $7,934,000 after buying an additional 4,664 shares during the last quarter. Finally, First Bank & Trust grew its position in shares of Autodesk by 3.4% in the 2nd quarter. First Bank & Trust now owns 4,483 shares of the software company’s stock valued at $730,000 after buying an additional 146 shares during the last quarter. 93.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ADSK stock traded up $0.30 during mid-day trading on Friday, hitting $152.12. The stock had a trading volume of 5,020 shares, compared to its average volume of 1,391,520. Autodesk, Inc. has a fifty-two week low of $117.72 and a fifty-two week high of $178.95. The firm has a market cap of $33.32 billion, a PE ratio of 1,376.73, a PEG ratio of 2.65 and a beta of 1.85. The company’s 50-day simple moving average is $147.36 and its 200-day simple moving average is $158.22.

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

In other news, CAO Stephen W. Hope sold 856 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total value of $130,326.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,154 shares of company stock valued at $175,163 in the last 90 days. Company insiders own 0.12% of the company’s stock.

ADSK has been the subject of a number of recent research reports. Deutsche Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and decreased their price target for the stock from $180.00 to $165.00 in a research note on Thursday, August 15th. Evercore ISI reiterated a “buy” rating and set a $190.00 price target on shares of Autodesk in a research note on Sunday, September 8th. Barclays decreased their price target on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Citigroup decreased their price target on shares of Autodesk from $210.00 to $186.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, Stifel Nicolaus decreased their price target on shares of Autodesk from $185.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Autodesk currently has a consensus rating of “Hold” and an average price target of $169.48.

Autodesk 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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