James Hambro & Partners Invests $527,000 in Autodesk, Inc. (ADSK)

James Hambro & Partners bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,444 shares of the software company’s stock, valued at approximately $527,000. Autodesk makes up approximately 0.2% of James Hambro & Partners’ investment portfolio, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Manhattan Co. raised its holdings in shares of Autodesk by 221.2% during the first quarter. First Manhattan Co. now owns 167 shares of the software company’s stock worth $26,000 after acquiring an additional 115 shares in the last quarter. Sontag Advisory LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Autodesk by 975.0% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 215 shares of the software company’s stock worth $34,000 after acquiring an additional 195 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Autodesk during the fourth quarter worth $30,000. Finally, Berman Capital Advisors LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $30,000. Institutional investors own 95.37% of the company’s stock.

In related news, insider Andrew Anagnost sold 10,440 shares of Autodesk stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $153.21, for a total transaction of $1,599,512.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $152.90, for a total value of $152,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,227 shares of company stock worth $10,573,716. 0.14% of the stock is currently owned by company insiders.

ADSK has been the subject of several recent research reports. TheStreet upgraded Autodesk from a “d” rating to a “c” rating in a report on Thursday, February 28th. Argus increased their price objective on Autodesk to $184.00 and gave the stock an “average” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Morgan Stanley lowered Autodesk from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $160.00 to $150.00 in a report on Tuesday, January 15th. Atlantic Securities initiated coverage on Autodesk in a report on Wednesday, January 9th. They set an “overweight” rating and a $180.00 price objective for the company. Finally, Wedbush cut their price objective on Autodesk from $146.00 to $131.00 and set a “positive” rating for the company in a report on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $172.72.

Shares of NASDAQ:ADSK opened at $175.32 on Friday. The stock has a market capitalization of $38.71 billion, a PE ratio of 1,593.82, a price-to-earnings-growth ratio of 2.61 and a beta of 1.92. Autodesk, Inc. has a 52-week low of $117.72 and a 52-week high of $177.48.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 28th. The software company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $707.09 million. During the same period in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts predict that Autodesk, Inc. will post 1.76 EPS for the current year.

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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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