Calamos Advisors LLC Grows Stake in Autodesk, Inc. (ADSK)

Calamos Advisors LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,100 shares of the software company’s stock after purchasing an additional 36 shares during the period. Calamos Advisors LLC’s holdings in Autodesk were worth $3,942,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after acquiring an additional 17 shares during the period. Tdam USA Inc. boosted its holdings in shares of Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after acquiring an additional 20 shares during the period. Cleararc Capital Inc. boosted its holdings in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock valued at $415,000 after acquiring an additional 21 shares during the period. Tyers Asset Management LLC boosted its holdings in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock valued at $386,000 after acquiring an additional 32 shares during the period. Finally, Elkfork Partners LLC boosted its holdings in shares of Autodesk by 0.7% in the first quarter. Elkfork Partners LLC now owns 6,138 shares of the software company’s stock valued at $531,000 after acquiring an additional 44 shares during the period. Institutional investors own 94.78% of the company’s stock.

Several research firms have recently weighed in on ADSK. Evercore ISI reissued an “outperform” rating and issued a $135.00 price objective on shares of Autodesk in a report on Friday, August 25th. Robert W. Baird set a $125.00 price objective on Autodesk and gave the company a “buy” rating in a report on Friday, August 25th. Cowen and Company increased their price objective on Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 25th. Barclays PLC reaffirmed an “overweight” rating and set a $125.00 price target (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. Finally, Wedbush reissued an “outperform” rating and issued a $128.00 target price (up previously from $125.00) on shares of Autodesk in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Autodesk currently has an average rating of “Buy” and a consensus target price of $116.35.

In other news, Director Betsy Rafael sold 2,354 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total value of $250,088.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold a total of 135,986 shares of company stock valued at $14,061,542 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

Shares of Autodesk, Inc. (NASDAQ ADSK) traded down 1.08% during midday trading on Friday, hitting $114.22. The stock had a trading volume of 519,974 shares. The firm’s market cap is $25.04 billion. Autodesk, Inc. has a 12-month low of $66.36 and a 12-month high of $119.73. The firm has a 50-day moving average of $111.32 and a 200 day moving average of $100.68.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same quarter last year, the company earned $0.05 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current year.

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About Autodesk

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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