Autodesk, Inc. (ADSK) Stake Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 62.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,824 shares of the software company’s stock after selling 4,764 shares during the quarter. Edgestream Partners L.P.’s holdings in Autodesk were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. FMR LLC boosted its holdings in Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock valued at $2,617,565,000 after acquiring an additional 3,698,259 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Autodesk by 3.3% in the first quarter. Vanguard Group Inc. now owns 19,951,299 shares of the software company’s stock valued at $1,725,188,000 after acquiring an additional 633,999 shares in the last quarter. BlackRock Inc. boosted its holdings in Autodesk by 3,291.0% in the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock valued at $1,319,622,000 after acquiring an additional 14,810,994 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Autodesk by 2.8% in the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock valued at $831,453,000 after acquiring an additional 262,238 shares in the last quarter. Finally, State Street Corp boosted its holdings in Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock valued at $689,876,000 after acquiring an additional 37,455 shares in the last quarter. 94.77% of the stock is currently owned by institutional investors.

Several research firms recently weighed in on ADSK. Canaccord Genuity reiterated a “buy” rating and issued a $120.00 price target on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Evercore ISI reiterated a “buy” rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday. ValuEngine upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC boosted their target price on shares of Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $116.35.

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In other Autodesk news, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl Bass sold 27,201 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $101.73, for a total value of $2,767,157.73. The disclosure for this sale can be found here. In the last three months, insiders sold 137,486 shares of company stock valued at $14,230,772. Corporate insiders own 6.10% of the company’s stock.

Autodesk, Inc. (ADSK) opened at 111.78 on Friday. Autodesk, Inc. has a 12 month low of $66.36 and a 12 month high of $119.73. The stock’s market cap is $24.50 billion. The firm has a 50-day moving average price of $111.53 and a 200-day moving average price of $101.45.

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

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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