Atlantic Trust Group LLC Purchases New Holdings in Autodesk, Inc. (ADSK)

Atlantic Trust Group LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 18,107 shares of the software company’s stock, valued at approximately $1,825,000.

A number of other large investors have also recently added to or reduced their stakes in ADSK. BlackRock Inc. lifted its holdings in Autodesk by 3,291.0% during the 1st quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after purchasing an additional 14,810,994 shares during the last quarter. FMR LLC lifted its holdings in Autodesk by 13.9% during the 1st quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after purchasing an additional 3,698,259 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Autodesk by 104.4% during the 1st quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock worth $408,622,000 after purchasing an additional 2,413,134 shares during the last quarter. Sustainable Growth Advisers LP acquired a new stake in Autodesk during the 2nd quarter worth approximately $208,956,000. Finally, Neuberger Berman Group LLC lifted its holdings in Autodesk by 979.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock worth $98,699,000 after purchasing an additional 888,233 shares during the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 114.44 on Friday. The company’s market cap is $25.12 billion. Autodesk, Inc. has a 12 month low of $65.06 and a 12 month high of $119.73. The company’s 50-day moving average price is $110.83 and its 200-day moving average price is $99.85.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The business had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post ($0.55) EPS for the current year.

Several research firms recently weighed in on ADSK. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Evercore ISI reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Autodesk in a report on Friday, August 25th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Sanford C. Bernstein started coverage on Autodesk in a report on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 price objective for the company. Finally, Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $116.35.

In other Autodesk news, Director Carl Bass sold 27,201 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $101.73, for a total transaction of $2,767,157.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. Insiders have sold 135,986 shares of company stock worth $14,061,542 in the last 90 days. Company insiders own 6.10% of the company’s stock.

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About Autodesk

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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