Los Angeles Capital Management & Equity Research Inc. Increases Stake in Autodesk, Inc. (ADSK)

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Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 126,578 shares of the software company’s stock after purchasing an additional 4,917 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.06% of Autodesk worth $19,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Gulf International Bank UK Ltd increased its position in Autodesk by 1.4% in the 3rd quarter. Gulf International Bank UK Ltd now owns 72,317 shares of the software company’s stock valued at $11,289,000 after acquiring an additional 1,015 shares during the period. WINTON GROUP Ltd increased its position in Autodesk by 43.4% in the 3rd quarter. WINTON GROUP Ltd now owns 185,185 shares of the software company’s stock valued at $28,909,000 after acquiring an additional 56,049 shares during the period. Gabelli Funds LLC increased its position in Autodesk by 12.7% in the 3rd quarter. Gabelli Funds LLC now owns 68,200 shares of the software company’s stock valued at $10,647,000 after acquiring an additional 7,700 shares during the period. Gamco Investors INC. ET AL increased its position in Autodesk by 43.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 10,780 shares of the software company’s stock valued at $1,683,000 after acquiring an additional 3,255 shares during the period. Finally, Bbva Compass Bancshares Inc. boosted its stake in Autodesk by 0.6% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 101,456 shares of the software company’s stock valued at $15,838,000 after purchasing an additional 599 shares in the last quarter. Institutional investors and hedge funds own 95.60% of the company’s stock.

ADSK has been the subject of a number of research reports. Canaccord Genuity increased their price target on Autodesk from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Griffin Securities increased their price target on Autodesk from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, August 24th. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Evercore ISI reaffirmed a “buy” rating and set a $175.00 price target on shares of Autodesk in a research note on Wednesday, September 19th. Finally, ValuEngine lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have issued a buy rating to the company’s stock. Autodesk currently has a consensus rating of “Buy” and an average target price of $163.74.

ADSK opened at $135.55 on Friday. The firm has a market cap of $30.37 billion, a PE ratio of -84.72, a P/E/G ratio of 116.88 and a beta of 1.97. Autodesk, Inc. has a fifty-two week low of $101.55 and a fifty-two week high of $159.94.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $612.00 million during the quarter, compared to analyst estimates of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period last year, the company posted ($0.11) EPS. On average, research analysts anticipate that Autodesk, Inc. will post 0.05 earnings per share for the current year.

In other news, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $152.03, for a total transaction of $3,497,906.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $149.77, for a total value of $149,770.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,009 shares of company stock valued at $4,431,583. Corporate insiders own 0.14% of the company’s stock.

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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; 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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