55,236 Shares in Autodesk (ADSK) Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC acquired a new position in Autodesk (NASDAQ:ADSK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,236 shares of the software company’s stock, valued at approximately $6,936,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Viking Global Investors LP raised its holdings in Autodesk by 68.5% during the 4th 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 during the last quarter. Geode Capital Management LLC raised its holdings in Autodesk by 3.9% during the 4th 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 during the last quarter. Iridian Asset Management LLC CT raised its holdings in Autodesk by 3.8% during the 4th 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 during the last quarter. Parnassus Investments CA raised its holdings in Autodesk by 100.0% during the 4th 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 during the last quarter. Finally, Fred Alger Management Inc. raised its holdings in Autodesk by 11.2% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 95.77% of the company’s stock.

In related news, insider Andrew Anagnost sold 20,499 shares of the stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $125.39, for a total transaction of $2,570,369.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Steven M. Blum sold 20,458 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total transaction of $2,528,608.80. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock worth $6,094,232 over the last ninety days. Insiders own 0.14% of the company’s stock.

ADSK has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a report on Monday, January 29th. OTR Global raised shares of Autodesk to a “positive” rating in a research report on Monday, February 5th. Deutsche Bank set a $136.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research report on Thursday, March 1st. Canaccord Genuity reissued a “buy” rating and set a $150.00 price objective (up from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Finally, KeyCorp boosted their price objective on shares of Autodesk from $134.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $148.05.

NASDAQ:ADSK opened at $136.52 on Friday. The stock has a market capitalization of $29.78 billion, a PE ratio of -85.33 and a beta of 1.72. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of -6.20. Autodesk has a 1-year low of $134.89 and a 1-year high of $136.53.

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

Autodesk Company Profile

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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