Robeco Institutional Asset Management B.V. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 24.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,887 shares of the software company’s stock after purchasing an additional 2,883 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Autodesk were worth $2,319,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Autodesk by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,353,539 shares of the software company’s stock valued at $211,299,000 after buying an additional 188,022 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Autodesk by 2.4% during the 3rd quarter. Teachers Advisors LLC now owns 477,368 shares of the software company’s stock valued at $74,522,000 after buying an additional 11,205 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Autodesk by 4.9% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 531,253 shares of the software company’s stock valued at $82,934,000 after buying an additional 24,917 shares during the last quarter. Morgan Stanley raised its stake in shares of Autodesk by 2.3% during the 3rd quarter. Morgan Stanley now owns 1,843,405 shares of the software company’s stock valued at $287,774,000 after buying an additional 41,253 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in shares of Autodesk by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after buying an additional 128,028 shares during the last quarter. 95.60% of the stock is owned by hedge funds and other institutional investors.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $152.90, for a total transaction of $152,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Steven M. Blum sold 16,838 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total value of $2,840,233.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,577 shares of company stock valued at $9,509,716. 0.12% of the stock is owned by company insiders.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $707.09 million. During the same quarter last year, the firm posted ($0.09) earnings per share. As a group, research analysts forecast that Autodesk, Inc. will post 1.76 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Autodesk from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 26th. Mizuho started coverage on Autodesk in a research note on Thursday, April 11th. They set a “buy” rating and a $200.00 price objective for the company. Stifel Nicolaus set a $185.00 price target on Autodesk and gave the company an “in-line” rating in a research note on Friday, March 1st. Finally, Evercore ISI restated a “buy” rating on shares of Autodesk in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $173.49.
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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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