Chevy Chase Trust Holdings Inc. Purchases 24,088 Shares of Autodesk, Inc. (ADSK)

Chevy Chase Trust Holdings Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,327 shares of the software company’s stock after purchasing an additional 24,088 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Autodesk worth $21,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after purchasing an additional 17 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Autodesk by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after purchasing an additional 42 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Autodesk by 1.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after purchasing an additional 65 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Autodesk by 3.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 3,249 shares of the software company’s stock valued at $327,000 after purchasing an additional 94 shares in the last quarter. 95.51% of the stock is owned by institutional investors and hedge funds.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $107.16 on Monday. Autodesk, Inc. has a 52 week low of $73.60 and a 52 week high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million during the quarter, compared to the consensus estimate of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. analysts anticipate that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.

In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Scott Herren sold 5,738 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. Insiders have sold 63,023 shares of company stock valued at $7,378,094 over the last ninety days. 6.10% of the stock is currently owned by company insiders.

Several brokerages recently commented on ADSK. UBS restated a “buy” rating and set a $140.00 target price on shares of Autodesk in a research report on Wednesday, November 29th. Wedbush lowered Autodesk from an “outperform” rating to a “neutral” rating and cut their target price for the company from $138.00 to $126.00 in a research report on Wednesday, November 29th. Credit Suisse Group restated an “outperform” rating and set a $135.00 target price (down previously from $140.00) on shares of Autodesk in a research report on Wednesday, November 29th. Deutsche Bank set a $140.00 target price on Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $135.00 price target on shares of Autodesk in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $132.55.

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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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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