Candriam Luxembourg S.C.A. Has $15.07 Million Stake in Autodesk, Inc. (ADSK)

Candriam Luxembourg S.C.A. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 52.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,996 shares of the software company’s stock after buying an additional 41,350 shares during the quarter. Candriam Luxembourg S.C.A. owned about 0.05% of Autodesk worth $15,070,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADSK. Viking Global Investors LP grew its position in shares of Autodesk by 68.5% during the 4th quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock worth $429,177,000 after buying an additional 1,664,658 shares during the period. Parnassus Investments CA grew its position in shares of Autodesk by 100.0% in the 4th quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock valued at $188,694,000 after purchasing an additional 900,000 shares during the period. Findlay Park Partners LLP grew its position in shares of Autodesk by 43.3% in the 1st quarter. Findlay Park Partners LLP now owns 1,700,339 shares of the software company’s stock valued at $213,529,000 after purchasing an additional 513,984 shares during the period. Millennium Management LLC grew its position in shares of Autodesk by 337.9% in the 4th quarter. Millennium Management LLC now owns 648,395 shares of the software company’s stock valued at $67,971,000 after purchasing an additional 500,322 shares during the period. Finally, Global Thematic Partners LLC acquired a new position in shares of Autodesk in the 1st quarter valued at approximately $49,732,000. Institutional investors own 93.78% of the company’s stock.

In other Autodesk news, SVP Steven M. Blum sold 20,458 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $123.60, for a total value of $2,528,608.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 388 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $124.56, for a total value of $48,329.28. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock worth $6,094,232 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Several brokerages recently issued reports on ADSK. Oppenheimer boosted their price objective on Autodesk from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, March 7th. Berenberg Bank boosted their price objective on Autodesk to $168.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Robert W. Baird boosted their price objective on Autodesk from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, April 11th. Morgan Stanley boosted their price objective on Autodesk to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, May 15th. Finally, Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, May 8th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $149.26.

Autodesk opened at $137.67 on Tuesday, according to MarketBeat Ratings. The company has a market capitalization of $30.42 billion, a price-to-earnings ratio of -86.04 and a beta of 1.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -6.20. Autodesk, Inc. has a 52 week low of $99.22 and a 52 week high of $141.26.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, March 6th. The software company reported ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $554.00 million for the quarter, compared to analysts’ expectations of $544.74 million. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.28) EPS.

Autodesk Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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