Autodesk, Inc. (NASDAQ:ADSK) Stake Maintained by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC continued to hold its position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,005 shares of the software company’s stock at the end of the second quarter. Clear Harbor Asset Management LLC’s holdings in Autodesk were worth $641,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cleararc Capital Inc. raised its stake 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 buying an additional 21 shares during the last quarter. Tyers Asset Management LLC raised its stake in 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 buying an additional 32 shares in the last quarter. Elkfork Partners LLC raised its stake in 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 buying an additional 44 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in Autodesk by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock valued at $675,000 after buying an additional 56 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in Autodesk by 0.3% in the first quarter. Advantus Capital Management Inc now owns 19,621 shares of the software company’s stock valued at $1,697,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

Autodesk, Inc. (NASDAQ ADSK) traded down 1.34% on Tuesday, hitting $108.35. The stock had a trading volume of 1,224,209 shares. The stock’s market cap is $23.88 billion. The firm’s 50 day moving average price is $106.91 and its 200-day moving average price is $95.00. Autodesk, Inc. has a 12 month low of $58.78 and a 12 month high of $115.25.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. The company had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. Autodesk’s revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) earnings per share. On average, analysts forecast that Autodesk, Inc. will post ($0.57) EPS for the current year.

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Several research firms have issued reports on ADSK. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Sanford C. Bernstein began coverage on Autodesk in a report on Wednesday, May 24th. They set an “outperform” rating and a $137.00 price target for the company. Evercore ISI reissued an “outperform” rating and set a $115.00 price target on shares of Autodesk in a report on Thursday, May 25th. TheStreet lowered Autodesk from a “c-” rating to a “d” rating in a report on Thursday, May 18th. Finally, Canaccord Genuity reissued a “buy” rating and set a $120.00 price target (up previously from $105.00) on shares of Autodesk in a report on Sunday, May 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Autodesk presently has a consensus rating of “Buy” and an average price target of $104.50.

In other news, VP Paul D. Underwood sold 6,490 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $111.93, for a total value of $726,425.70. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl Bass sold 26,753 shares of the firm’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $100.88, for a total transaction of $2,698,842.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,570 shares of company stock worth $17,865,037. 6.10% of the stock is currently owned by insiders.

Autodesk Company Profile

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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