Natixis Investment Managers International Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Natixis Investment Managers International boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 118.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,364 shares of the software company’s stock after purchasing an additional 739 shares during the quarter. Natixis Investment Managers International’s holdings in Autodesk were worth $398,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Natixis increased its holdings in Autodesk by 296.4% during the 2nd quarter. Natixis now owns 59,707 shares of the software company’s stock worth $17,428,000 after purchasing an additional 44,644 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Autodesk by 20.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 7,093 shares of the software company’s stock valued at $2,070,000 after acquiring an additional 1,203 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of Autodesk by 32.5% in the 2nd quarter. Sigma Planning Corp now owns 4,546 shares of the software company’s stock valued at $1,327,000 after acquiring an additional 1,114 shares during the last quarter. Robbins Farley LLC increased its holdings in shares of Autodesk by 12.2% in the 2nd quarter. Robbins Farley LLC now owns 11,266 shares of the software company’s stock valued at $3,289,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in shares of Autodesk by 16.3% in the 2nd quarter. Neuberger Berman Group LLC now owns 795,018 shares of the software company’s stock valued at $231,561,000 after acquiring an additional 111,604 shares during the last quarter. Institutional investors own 85.14% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Guggenheim reiterated a “hold” rating on shares of Autodesk in a report on Monday, September 6th. Mizuho restated a “buy” rating and set a $350.00 price objective (down from $370.00) on shares of Autodesk in a research note on Thursday, September 2nd. KeyCorp upped their price objective on Autodesk from $345.00 to $365.00 and gave the stock an “overweight” rating in a research note on Thursday, August 19th. Stifel Nicolaus lowered their price objective on Autodesk from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 2nd. Finally, Rosenblatt Securities upped their price objective on Autodesk from $320.00 to $355.00 and gave the stock a “buy” rating in a research note on Tuesday, August 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $330.11.

In other Autodesk news, CAO Stephen W. Hope sold 262 shares of the company’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of $286.46, for a total value of $75,052.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Deborah Clifford sold 5,481 shares of the company’s stock in a transaction dated Wednesday, September 8th. The stock was sold at an average price of $289.81, for a total value of $1,588,448.61. The disclosure for this sale can be found here. Insiders have sold 32,220 shares of company stock worth $9,941,402 over the last three months. 0.11% of the stock is owned by insiders.

Shares of Autodesk stock traded up $4.74 on Thursday, reaching $288.19. 665 shares of the company were exchanged, compared to its average volume of 1,301,519. The stock has a fifty day moving average price of $301.57 and a 200-day moving average price of $294.03. The firm has a market capitalization of $63.36 billion, a price-to-earnings ratio of 47.96, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a fifty-two week low of $233.32 and a fifty-two week high of $344.39.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, August 24th. The software company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. Autodesk’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, equities analysts anticipate that Autodesk, Inc. will post 2.89 earnings per share for the current fiscal year.

Autodesk Company Profile

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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