IFM Investors Pty Ltd Purchases Shares of 5,511 Autodesk, Inc. (ADSK)

IFM Investors Pty Ltd purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,511 shares of the software company’s stock, valued at approximately $619,000.

A number of other large investors also recently made changes to their positions in the business. Insight Capital Research & Management Inc. grew its position in Autodesk by 96.5% in the third quarter. Insight Capital Research & Management Inc. now owns 23,925 shares of the software company’s stock valued at $2,686,000 after acquiring an additional 11,752 shares during the period. Neuberger Berman Group LLC grew its position in Autodesk by 8.3% in the third quarter. Neuberger Berman Group LLC now owns 1,059,906 shares of the software company’s stock valued at $118,985,000 after acquiring an additional 80,942 shares during the period. California Public Employees Retirement System grew its position in Autodesk by 3.5% in the third quarter. California Public Employees Retirement System now owns 459,320 shares of the software company’s stock valued at $51,563,000 after acquiring an additional 15,620 shares during the period. Patten Group Inc. grew its position in Autodesk by 595.7% in the third quarter. Patten Group Inc. now owns 35,621 shares of the software company’s stock valued at $532,000 after acquiring an additional 30,501 shares during the period. Finally, Vident Investment Advisory LLC grew its position in Autodesk by 47.4% in the third quarter. Vident Investment Advisory LLC now owns 114,102 shares of the software company’s stock valued at $12,809,000 after acquiring an additional 36,717 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.

Autodesk, Inc. (ADSK) opened at $106.25 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a one year low of $73.60 and a one year high of $131.10.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts predict that Autodesk, Inc. will post -1.36 earnings per share for the current year.

In other news, SVP Fronzo Pascal W. Di sold 580 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. Insiders have sold 63,023 shares of company stock worth $7,378,094 in the last ninety days. 6.10% of the stock is currently owned by insiders.

A number of analysts have weighed in on the company. UBS reiterated a “buy” rating and issued a $140.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. Wedbush cut Autodesk from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $138.00 to $126.00 in a research report on Wednesday, November 29th. Credit Suisse Group restated an “outperform” rating and set a $135.00 target price (down previously from $140.00) on shares of Autodesk in a report on Wednesday, November 29th. Deutsche Bank set a $140.00 target price on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $135.00 target price on shares of Autodesk in a report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $132.55.

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Autodesk 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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