Massey Quick Simon & CO. LLC Acquires 146 Shares of Autodesk, Inc. (NASDAQ:ADSK)

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Massey Quick Simon & CO. LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 235.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 208 shares of the software company’s stock after purchasing an additional 146 shares during the period. Massey Quick Simon & CO. LLC’s holdings in Autodesk were worth $31,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. First Trust Advisors LP lifted its position in Autodesk by 0.8% during the first quarter. First Trust Advisors LP now owns 678,804 shares of the software company’s stock worth $105,771,000 after acquiring an additional 5,694 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Autodesk during the first quarter worth approximately $149,000. Marshall Wace LLP acquired a new stake in Autodesk during the first quarter worth approximately $1,368,000. Horizon Investments LLC acquired a new stake in Autodesk during the first quarter worth approximately $250,000. Finally, Amundi Pioneer Asset Management Inc. lifted its position in Autodesk by 23.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 186,034 shares of the software company’s stock worth $28,988,000 after acquiring an additional 34,788 shares during the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.

In other Autodesk news, CAO Stephen W. Hope sold 856 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total transaction of $130,326.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 1,154 shares of company stock valued at $175,163. Company insiders own 0.12% of the company’s stock.

Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Deutsche Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and dropped their price target for the company from $180.00 to $165.00 in a research report on Thursday, August 15th. JPMorgan Chase & Co. dropped their price target on shares of Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Citigroup dropped their price target on shares of Autodesk from $210.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Finally, Griffin Securities dropped their price target on shares of Autodesk from $193.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $169.48.

Shares of ADSK opened at $145.49 on Friday. Autodesk, Inc. has a one year low of $117.72 and a one year high of $178.95. The company has a market cap of $32.94 billion, a P/E ratio of 1,322.64, a P/E/G ratio of 2.62 and a beta of 1.86. The firm has a 50 day simple moving average of $148.04 and a two-hundred day simple moving average of $160.44.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. The firm had revenue of $796.80 million for the quarter, compared to analyst estimates of $788.00 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities analysts expect that Autodesk, Inc. will post 1.51 earnings per share for the current 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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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