Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 259.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,203 shares of the software company’s stock after purchasing an additional 16,742 shares during the quarter. Sigma Planning Corp’s holdings in Autodesk were worth $3,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADSK. Frontier Capital Management Co. LLC acquired a new stake in shares of Autodesk in the 1st quarter valued at $93,517,000. Egerton Capital UK LLP raised its stake in Autodesk by 30.4% during the 1st quarter. Egerton Capital UK LLP now owns 2,228,779 shares of the software company’s stock worth $347,288,000 after acquiring an additional 519,100 shares in the last quarter. Janus Henderson Group PLC raised its stake in Autodesk by 28.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,249,141 shares of the software company’s stock worth $366,384,000 after acquiring an additional 492,665 shares in the last quarter. Federated Investors Inc. PA raised its stake in Autodesk by 364.0% during the 1st quarter. Federated Investors Inc. PA now owns 365,694 shares of the software company’s stock worth $56,983,000 after acquiring an additional 286,883 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Autodesk by 125.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 416,006 shares of the software company’s stock worth $68,840,000 after acquiring an additional 231,259 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $161.09, for a total transaction of $161,090.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 2,434 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $169.47, for a total transaction of $412,489.98. The disclosure for this sale can be found here. Insiders have sold a total of 6,773 shares of company stock worth $1,109,297 over the last three months. 0.12% of the stock is currently owned by insiders.

Autodesk stock traded up $1.40 during midday trading on Friday, hitting $144.32. 56,853 shares of the company’s stock were exchanged, compared to its average volume of 1,853,678. Autodesk, Inc. has a 12-month low of $117.72 and a 12-month high of $178.95. The stock has a market cap of $33.34 billion, a price-to-earnings ratio of 1,310.73, a price-to-earnings-growth ratio of 2.40 and a beta of 1.79. The firm’s 50 day simple moving average is $163.10 and its 200 day simple moving average is $163.20.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 23rd. The software company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The business had revenue of $735.50 million for the quarter, compared to analysts’ expectations of $740.14 million. During the same period in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. Research analysts anticipate that Autodesk, Inc. will post 1.66 earnings per share for the current fiscal year.

Several equities research analysts recently commented on ADSK shares. Griffin Securities reiterated a “buy” rating and set a $193.00 price target (up from $188.00) on shares of Autodesk in a research note on Friday, May 24th. BidaskClub lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wedbush cut their price target on shares of Autodesk from $166.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. Finally, Evercore ISI reiterated a “buy” rating and set a $190.00 price target on shares of Autodesk in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $174.35.

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; 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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