Argus Investors Counsel Inc. Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Argus Investors Counsel Inc. increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 97.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,210 shares of the software company’s stock after buying an additional 3,064 shares during the period. Argus Investors Counsel Inc.’s holdings in Autodesk were worth $1,012,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC boosted its stake in Autodesk by 2.7% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 6,582 shares of the software company’s stock valued at $1,072,000 after buying an additional 173 shares in the last quarter. Private Trust Co. NA bought a new stake in Autodesk in the 2nd quarter valued at about $213,000. Amundi Pioneer Asset Management Inc. increased its holdings in Autodesk by 23.0% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 186,034 shares of the software company’s stock worth $28,988,000 after purchasing an additional 34,788 shares in the last quarter. FMR LLC increased its holdings in Autodesk by 2.2% during the 1st quarter. FMR LLC now owns 9,039,419 shares of the software company’s stock worth $1,408,523,000 after purchasing an additional 190,871 shares in the last quarter. Finally, Horizon Investments LLC bought a new stake in Autodesk during the 1st quarter worth approximately $250,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Shares of NASDAQ:ADSK traded down $0.62 during trading on Tuesday, hitting $169.74. 938,168 shares of the company were exchanged, compared to its average volume of 1,731,893. The stock has a market capitalization of $37.28 billion, a PE ratio of 1,543.09, a P/E/G ratio of 2.68 and a beta of 1.81. Autodesk, Inc. has a 12-month low of $117.72 and a 12-month high of $178.95. The company has a 50 day moving average of $167.42.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Autodesk had a negative net margin of 0.82% and a negative return on equity of 26.61%. The business had revenue of $735.50 million during the quarter, compared to analyst estimates of $740.14 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. On average, analysts predict that Autodesk, Inc. will post 1.66 earnings per share for the current fiscal year.

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

Several equities analysts recently commented on ADSK shares. Credit Suisse Group upped their price objective on Conagra Brands from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Wedbush set a $79.00 price target on shares of Aimmune Therapeutics and gave the stock a “buy” rating in a report on Friday, May 24th. Griffin Securities reaffirmed a “buy” rating and issued a $193.00 price target (up previously from $188.00) on shares of Autodesk in a report on Friday, May 24th. KeyCorp increased their target price on Ingersoll-Rand from $112.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Finally, Evercore ISI started coverage on Sensata Technologies in a research note on Wednesday, June 5th. They issued an “in-line” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $173.95.

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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