Autodesk, Inc. (ADSK) is Disciplined Growth Investors Inc. MN’s 7th Largest Position

Disciplined Growth Investors Inc. MN decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,625,563 shares of the software company’s stock after selling 106,942 shares during the quarter. Autodesk accounts for about 3.4% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 7th largest position. Disciplined Growth Investors Inc. MN owned approximately 0.74% of Autodesk worth $163,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after buying an additional 17 shares during the period. Tdam USA Inc. lifted its stake in Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Autodesk by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after buying an additional 42 shares during the period. Parallel Advisors LLC lifted its stake in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares during the period. Finally, Ballentine Partners LLC lifted its stake in Autodesk by 1.3% in the second quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after buying an additional 65 shares during the period. 94.78% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Andrew Anagnost sold 24,004 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,212 shares of company stock valued at $6,742,238. Company insiders own 6.10% of the company’s stock.

Autodesk, Inc. (NASDAQ ADSK) traded up 0.27% on Friday, reaching $119.31. The company’s stock had a trading volume of 479,170 shares. The firm’s 50-day moving average price is $113.99 and its 200 day moving average price is $104.71. Autodesk, Inc. has a 52-week low of $67.15 and a 52-week high of $119.84. The company’s market cap is $26.15 billion.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.

Several research firms have weighed in on ADSK. BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. KeyCorp raised their price target on Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a “buy” rating in a research report on Sunday, October 1st. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $120.00 price target on shares of Autodesk in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $118.26.

Autodesk Company Profile

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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