Rafferty Asset Management LLC Boosts Stake in Autodesk, Inc. (ADSK)

Rafferty Asset Management LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,165 shares of the software company’s stock after buying an additional 2,306 shares during the period. Rafferty Asset Management LLC’s holdings in Autodesk were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ADSK. Eminence Capital LP increased its position 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 position 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 position 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 position 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 acquired a new position in Autodesk during the second quarter worth about $460,000. 97.13% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.31% during mid-day trading on Tuesday, hitting $84.54. 4,042,780 shares of the stock traded hands. The firm’s 50 day moving average price is $80.44 and its 200 day moving average price is $72.59. Autodesk, Inc. has a 12-month low of $43.01 and a 12-month high of $85.11. The firm’s market cap is $18.81 billion.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 29th. The software company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.06. The firm earned $489.60 million during the quarter. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, equities research analysts predict that Autodesk, Inc. will post ($0.57) EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on ADSK shares. Royal Bank Of Canada increased their price objective on shares of Autodesk from $70.00 to $71.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 30th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Monday, December 5th. Bank of America Corporation reiterated a “sell” rating on shares of Autodesk in a research note on Thursday, November 17th. Barclays PLC reiterated an “overweight” rating and set a $81.00 price objective (up from $75.00) on shares of Autodesk in a research note on Tuesday, November 22nd. Finally, Canaccord Genuity upgraded shares of Autodesk from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $95.00 in a research note on Friday, December 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.86.

In other news, SVP Jan Becker sold 10,454 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $72.15, for a total transaction of $754,256.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carl Bass sold 100,000 shares of the business’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $79.84, for a total transaction of $7,984,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,582 shares of company stock valued at $32,045,429. 6.20% of the stock is currently owned by corporate insiders.

Autodesk Company Profile

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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