Los Angeles Capital Management & Equity Research Inc. Acquires 43,018 Shares of Autodesk, Inc. (ADSK)

Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,352 shares of the software company’s stock after buying an additional 43,018 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.13% of Autodesk worth $32,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Parallel Advisors LLC increased its position in shares of Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares during the period. Cable Hill Partners LLC increased its position in shares of Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares during the period. Harfst & Associates Inc. bought a new position in shares of Autodesk during the second quarter valued at approximately $150,000. IFP Advisors Inc boosted its stake in shares of Autodesk by 9.3% during the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares in the last quarter. Finally, Kanawha Capital Management LLC bought a new position in shares of Autodesk during the second quarter valued at approximately $202,000. Hedge funds and other institutional investors own 94.63% of the company’s stock.

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Shares of Autodesk, Inc. (NASDAQ:ADSK) traded down $0.77 on Wednesday, reaching $123.87. 1,225,200 shares of the company traded hands, compared to its average volume of 2,004,099. Autodesk, Inc. has a 1 year low of $68.06 and a 1 year high of $126.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. During the same period in the prior year, the firm posted $0.05 EPS. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. research analysts forecast that Autodesk, Inc. will post -1.38 earnings per share for the current fiscal year.

In other news, SVP Fronzo Pascal W. Di sold 580 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 25,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,789 shares of company stock worth $9,189,363. Insiders own 6.10% of the company’s stock.

ADSK has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Evercore ISI set a $115.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG initiated coverage on shares of Autodesk in a research note on Wednesday, July 19th. They issued a “buy” rating and a $130.00 target price for the company. Cowen and Company raised their target price on shares of Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. Finally, KeyCorp restated a “buy” rating and issued a $128.00 target price on shares of Autodesk in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $121.95.

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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