Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 259.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,203 shares of the software company’s stock after purchasing an additional 16,742 shares during the period. Sigma Planning Corp’s holdings in Autodesk were worth $3,780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. First Manhattan Co. raised its holdings in Autodesk by 221.2% in the 1st quarter. First Manhattan Co. now owns 167 shares of the software company’s stock valued at $26,000 after acquiring an additional 115 shares during the last quarter. Farmers National Bank acquired a new stake in Autodesk in the 1st quarter valued at about $32,000. Thor Advisors LLC acquired a new stake in Autodesk in the 1st quarter valued at about $38,000. Osborn Williams & Donohoe LLC acquired a new stake in Autodesk in the 1st quarter valued at about $43,000. Finally, Hanson McClain Inc. acquired a new stake in Autodesk in the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Shares of NASDAQ:ADSK traded up $1.40 during mid-day trading on Friday, reaching $144.32. 56,853 shares of the company were exchanged, compared to its average volume of 1,853,678. The firm has a market cap of $33.34 billion, a price-to-earnings ratio of 1,310.73, a P/E/G ratio of 2.40 and a beta of 1.79. The firm’s 50-day simple moving average is $163.10 and its 200 day simple moving average is $163.20. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 23rd. The software company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The company had revenue of $735.50 million for the quarter, compared to analysts’ expectations of $740.14 million. Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. On average, research analysts predict that Autodesk, Inc. will post 1.66 earnings per share for the current year.

A number of research firms have commented on ADSK. Griffin Securities reiterated a “buy” rating and issued a $193.00 price objective (up previously from $188.00) on shares of Autodesk in a report on Friday, May 24th. Citigroup began coverage on shares of Autodesk in a report on Monday, July 22nd. They issued a “buy” rating and a $210.00 price objective for the company. Wedbush dropped their price target on shares of Autodesk from $166.00 to $164.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Deutsche Bank cut 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 note on Thursday. Finally, ValuEngine cut shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $174.35.

In related news, Director Karen Blasing sold 1,300 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $164.54, for a total transaction of $213,902.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 2,434 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $169.47, for a total transaction of $412,489.98. The disclosure for this sale can be found here. Insiders have sold a total of 6,773 shares of company stock valued at $1,109,297 in the last ninety days. 0.12% of the stock is currently owned by corporate insiders.

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.

Featured Story: Marijuana Stocks

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.