Fmr LLC Purchases 4,455,916 Shares of Autodesk, Inc. (ADSK)

Fmr LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,573,101 shares of the software company’s stock after buying an additional 4,455,916 shares during the period. Fmr LLC owned about 11.94% of Autodesk worth $1,966,674,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Eminence Capital LP increased its stake in Autodesk by 1.1% in the second quarter. Eminence Capital LP now owns 13,194,968 shares of the software company’s stock worth $714,376,000 after buying an additional 139,771 shares in the last quarter. Carlson Capital L P increased its stake in Autodesk by 11.3% in the second quarter. Carlson Capital L P now owns 410,897 shares of the software company’s stock worth $22,246,000 after buying an additional 41,600 shares in the last quarter. Blue Ridge Capital L.L.C. increased its stake in Autodesk by 0.4% in the second quarter. Blue Ridge Capital L.L.C. now owns 10,013,900 shares of the software company’s stock worth $542,153,000 after buying an additional 43,100 shares in the last quarter. Allen Investment Management LLC increased its stake in Autodesk by 9.1% in the second quarter. Allen Investment Management LLC now owns 22,945 shares of the software company’s stock worth $1,242,000 after buying an additional 1,909 shares in the last quarter. Finally, Folger Hill Asset Management LP bought a new stake in Autodesk during the second quarter worth approximately $460,000. Institutional investors own 97.13% of the company’s stock.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 1.26% during trading on Monday, hitting $84.28. The stock had a trading volume of 4,004,607 shares. The company’s market capitalization is $18.76 billion. Autodesk, Inc. has a 52 week low of $43.01 and a 52 week high of $85.11. The company’s 50 day moving average price is $80.44 and its 200 day moving average price is $72.59.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 29th. The software company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.06. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. The business earned $489.60 million during the quarter. During the same quarter in the previous year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 18.4% on a year-over-year basis. Analysts predict that Autodesk, Inc. will post ($0.57) earnings per share for the current year.

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A number of research analysts have issued reports on the company. Canaccord Genuity raised Autodesk from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $95.00 in a research note on Friday, December 9th. Zacks Investment Research cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 31st. Wedbush boosted their target price on Autodesk to $70.00 and gave the company a “neutral” rating in a research note on Tuesday, November 22nd. Rosenblatt Securities raised Autodesk from a “sell” rating to a “neutral” rating and set a $81.00 target price for the company in a research note on Thursday, December 8th. Finally, Royal Bank Of Canada boosted their target price on Autodesk from $71.00 to $75.00 and gave the company an “outperform” rating in a research note on Wednesday, December 7th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $73.86.

In other Autodesk news, SVP Jan Becker sold 10,454 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $72.15, for a total transaction of $754,256.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 7,000 shares of the company’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $76.26, for a total transaction of $533,820.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 412,582 shares of company stock valued at $32,045,429. Company insiders own 6.20% of the company’s stock.

About Autodesk

Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.

5 Day Chart for NASDAQ:ADSK

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