SG Americas Securities LLC Decreases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

SG Americas Securities LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 63.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,429 shares of the software company’s stock after selling 29,680 shares during the period. SG Americas Securities LLC’s holdings in Autodesk were worth $2,574,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Berkeley Capital Partners LLC increased its stake in shares of Autodesk by 1.8% during the 2nd quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock valued at $622,000 after acquiring an additional 69 shares during the last quarter. BB&T Securities LLC increased its stake in shares of Autodesk by 6.7% during the 2nd quarter. BB&T Securities LLC now owns 59,883 shares of the software company’s stock valued at $9,755,000 after acquiring an additional 3,742 shares during the last quarter. Capital Planning Advisors LLC increased its stake in shares of Autodesk by 6.2% during the 2nd quarter. Capital Planning Advisors LLC now owns 12,460 shares of the software company’s stock valued at $2,030,000 after acquiring an additional 725 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Autodesk by 9.5% during the 3rd quarter. Calamos Advisors LLC now owns 53,720 shares of the software company’s stock valued at $7,934,000 after acquiring an additional 4,664 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of Autodesk by 3.4% during the 2nd quarter. First Bank & Trust now owns 4,483 shares of the software company’s stock valued at $730,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 93.34% of the company’s stock.

ADSK opened at $159.21 on Thursday. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95. The firm has a 50 day moving average price of $147.54 and a 200 day moving average price of $157.78. The company has a market cap of $33.58 billion, a PE ratio of 1,447.36, a price-to-earnings-growth ratio of 2.67 and a beta of 1.85.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.04). Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. The firm had revenue of $796.80 million during the quarter, compared to analyst estimates of $788.00 million. During the same period last year, the business earned $0.19 EPS. The firm’s revenue was up 30.3% compared to the same quarter last year. On average, analysts expect that Autodesk, Inc. will post 1.51 EPS for the current year.

In other Autodesk news, CAO Stephen W. Hope sold 263 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.02, for a total value of $39,718.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,154 shares of company stock valued at $175,163 in the last ninety days. 0.12% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. Canaccord Genuity dropped their price objective on shares of Autodesk from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Stifel Nicolaus dropped their price objective on shares of Autodesk from $185.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Barclays dropped their price objective on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. ValuEngine downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Citigroup dropped their target price on shares of Autodesk from $210.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $169.48.

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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