First Trust Advisors LP Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

First Trust Advisors LP grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 635,206 shares of the software company’s stock after buying an additional 3,808 shares during the quarter. First Trust Advisors LP’s holdings in Autodesk were worth $93,820,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ADSK. Massey Quick Simon & CO. LLC increased its position in shares of 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 buying an additional 146 shares in the last quarter. Candriam Luxembourg S.C.A. increased 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 buying an additional 34,953 shares in the last quarter. Marquette Asset Management LLC increased 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 buying an additional 200 shares in the last quarter. Bridger Capital Management LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $42,000. Finally, Usca Ria LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $44,000. Institutional investors and hedge funds own 93.22% of the company’s stock.

NASDAQ:ADSK opened at $152.96 on Friday. Autodesk, Inc. has a 52 week low of $117.72 and a 52 week high of $178.95. The company has a market capitalization of $33.32 billion, a P/E ratio of 1,390.55, a P/E/G ratio of 2.65 and a beta of 1.85. The stock’s fifty day moving average is $147.34 and its two-hundred day moving average is $158.14.

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

ADSK has been the topic of a number of research analyst reports. BidaskClub raised Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, August 28th. Deutsche Bank lowered Autodesk from a “buy” rating to a “hold” rating and lowered their price target for the stock from $180.00 to $165.00 in a research note on Thursday, August 15th. Canaccord Genuity lowered their price target on Autodesk from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Stifel Nicolaus lowered their price target on Autodesk from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $175.00 price target (down from $188.00) on shares of Autodesk 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 given a buy rating to the stock. Autodesk currently has a consensus rating of “Hold” and a consensus target price of $169.48.

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

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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