Aperio Group LLC Sells 2,189 Shares of Autodesk, Inc. (ADSK)

Aperio Group LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 114,306 shares of the software company’s stock after selling 2,189 shares during the quarter. Aperio Group LLC’s holdings in Autodesk were worth $11,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cerebellum GP LLC bought a new stake in Autodesk during the 4th quarter worth approximately $116,000. Cable Hill Partners LLC grew its position in Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares during the last quarter. Exane Derivatives bought a new stake in Autodesk during the 4th quarter worth approximately $199,000. Cedar Capital LLC bought a new stake in Autodesk during the 3rd quarter worth approximately $207,000. Finally, Wedbush Securities Inc. bought a new stake in Autodesk during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 95.44% of the company’s stock.

Autodesk, Inc. (NASDAQ ADSK) opened at $104.81 on Friday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $23,090.00, a price-to-earnings ratio of -40.78, a price-to-earnings-growth ratio of 15.20 and a beta of 1.91. Autodesk, Inc. has a 12-month low of $81.75 and a 12-month high of $131.10.

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

A number of equities research analysts recently commented on the company. OTR Global upgraded Autodesk to a “positive” rating in a research report on Monday. UBS Group restated a “buy” rating and set a $140.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. Canaccord Genuity restated a “buy” rating and set a $135.00 price target on shares of Autodesk in a research report on Wednesday, November 29th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, KeyCorp reiterated an “overweight” rating and issued a $136.00 price objective (up from $127.00) on shares of Autodesk in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk currently has a consensus rating of “Buy” and a consensus target price of $132.68.

In other news, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The disclosure for this sale can be found here. In the last three months, insiders sold 19,248 shares of company stock worth $2,148,546. 6.10% of the stock is currently owned by company insiders.

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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).

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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