Autodesk (ADSK) Position Lifted by American International Group Inc.

American International Group Inc. increased its holdings in Autodesk (NASDAQ:ADSK) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,053 shares of the software company’s stock after acquiring an additional 932 shares during the quarter. American International Group Inc.’s holdings in Autodesk were worth $11,937,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Viking Global Investors LP raised its stake in Autodesk by 68.5% during the fourth quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock valued at $429,177,000 after buying an additional 1,664,658 shares in the last quarter. Geode Capital Management LLC raised its stake in Autodesk by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 2,430,659 shares of the software company’s stock valued at $254,303,000 after buying an additional 91,011 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in Autodesk by 3.8% during the fourth quarter. Iridian Asset Management LLC CT now owns 1,876,485 shares of the software company’s stock valued at $196,712,000 after buying an additional 68,904 shares in the last quarter. Parnassus Investments CA raised its stake in Autodesk by 100.0% during the fourth quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock valued at $188,694,000 after buying an additional 900,000 shares in the last quarter. Finally, Fred Alger Management Inc. raised its stake in Autodesk by 11.2% during the fourth quarter. Fred Alger Management Inc. now owns 1,705,316 shares of the software company’s stock valued at $178,768,000 after buying an additional 171,827 shares in the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.

Several analysts have issued reports on ADSK shares. KeyCorp upped their price objective on Autodesk from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, March 29th. Barclays upped their target price on Autodesk from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 29th. Robert W. Baird upped their target price on Autodesk from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Finally, Oppenheimer upped their target price on Autodesk from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $148.05.

Shares of Autodesk opened at $136.52 on Friday, Marketbeat reports. Autodesk has a 12-month low of $134.89 and a 12-month high of $136.53. The company has a market capitalization of $29.83 billion, a P/E ratio of -85.33 and a beta of 1.72. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 0.88.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The business had revenue of $554.00 million during the quarter, compared to analyst estimates of $544.74 million. During the same period in the prior year, the company posted ($0.28) EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year.

In related news, SVP Steven M. Blum sold 20,458 shares of the stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $123.60, for a total value of $2,528,608.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total value of $199,665.00. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock valued at $6,094,232 over the last three months. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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