Amalgamated Bank Boosts Stake in Autodesk, Inc. (ADSK)

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Amalgamated Bank increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,750 shares of the software company’s stock after purchasing an additional 2,381 shares during the quarter. Amalgamated Bank’s holdings in Autodesk were worth $3,736,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ADSK. Global X Management Co. LLC lifted its position in Autodesk by 182.6% in the fourth quarter. Global X Management Co. LLC now owns 4,533 shares of the software company’s stock worth $475,000 after purchasing an additional 2,929 shares during the period. Bank of New York Mellon Corp lifted its position in Autodesk by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,591,638 shares of the software company’s stock worth $166,852,000 after purchasing an additional 4,900 shares during the period. American International Group Inc. lifted its position in Autodesk by 9.4% in the fourth quarter. American International Group Inc. now owns 94,121 shares of the software company’s stock worth $9,867,000 after purchasing an additional 8,086 shares during the period. FDx Advisors Inc. lifted its position in Autodesk by 9.1% in the fourth quarter. FDx Advisors Inc. now owns 6,827 shares of the software company’s stock worth $716,000 after purchasing an additional 569 shares during the period. Finally, Suntrust Banks Inc. lifted its position in Autodesk by 15.2% in the fourth quarter. Suntrust Banks Inc. now owns 14,097 shares of the software company’s stock worth $1,476,000 after purchasing an additional 1,859 shares during the period. 92.81% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Andrew Anagnost sold 20,499 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $125.39, for a total value of $2,570,369.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul D. Underwood sold 2,746 shares of the firm’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $127.71, for a total value of $350,691.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,719 shares of company stock valued at $8,416,247. 0.14% of the stock is currently owned by corporate insiders.

Several research analysts recently commented on the company. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 30th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a research report on Thursday, May 31st. Bank of America raised their target price on Autodesk from $133.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, May 25th. Oppenheimer raised their target price on Autodesk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 7th. Finally, KeyCorp raised their target price on Autodesk from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Autodesk presently has an average rating of “Buy” and a consensus target price of $149.10.

Autodesk stock opened at $136.51 on Friday. The company has a debt-to-equity ratio of -12.34, a current ratio of 0.92 and a quick ratio of 0.92. Autodesk, Inc. has a 52-week low of $99.22 and a 52-week high of $142.94. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of -85.32, a P/E/G ratio of 948.63 and a beta of 1.74.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, May 24th. The software company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 24.39%. The firm had revenue of $559.90 million during the quarter, compared to analyst estimates of $558.49 million. During the same period in the prior year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. equities analysts anticipate that Autodesk, Inc. will post 0.01 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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