Disciplined Growth Investors Inc. MN Sells 37,822 Shares of Autodesk, Inc. (ADSK)

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Disciplined Growth Investors Inc. MN decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,332,782 shares of the software company’s stock after selling 37,822 shares during the quarter. Autodesk makes up about 3.2% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 7th biggest holding. Disciplined Growth Investors Inc. MN owned 0.61% of Autodesk worth $174,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HPM Partners LLC boosted its holdings in Autodesk by 11.3% during the second quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock worth $588,000 after purchasing an additional 457 shares during the last quarter. Cozad Asset Management Inc. acquired a new stake in Autodesk in the second quarter valued at $237,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its stake in Autodesk by 17.2% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 12,265 shares of the software company’s stock valued at $1,608,000 after acquiring an additional 1,800 shares during the last quarter. Waddell & Reed Financial Inc. lifted its stake in Autodesk by 3.0% in the second quarter. Waddell & Reed Financial Inc. now owns 967,376 shares of the software company’s stock valued at $126,813,000 after acquiring an additional 28,392 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI lifted its stake in Autodesk by 4.2% in the second quarter. Zurich Insurance Group Ltd FI now owns 45,512 shares of the software company’s stock valued at $5,966,000 after acquiring an additional 1,825 shares during the last quarter. Institutional investors and hedge funds own 95.98% of the company’s stock.

In related news, Director Lorrie M. Norrington sold 5,001 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total transaction of $783,906.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 7,185 shares of the firm’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $138.78, for a total transaction of $997,134.30. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

A number of analysts have commented on the stock. BidaskClub cut shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Oppenheimer increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. CIBC increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Credit Suisse Group increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, Deutsche Bank increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, June 25th. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $161.63.

Shares of ADSK opened at $151.35 on Friday. Autodesk, Inc. has a fifty-two week low of $101.55 and a fifty-two week high of $159.94. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. During the same period last year, the firm earned ($0.11) earnings per share. Autodesk’s revenue for the quarter was up 21.9% compared to the same quarter last year. equities research analysts anticipate that Autodesk, Inc. will post 0.06 earnings per share 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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