Findlay Park Partners LLP acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 496,355 shares of the software company’s stock, valued at approximately $55,721,000. Findlay Park Partners LLP owned approximately 0.23% of Autodesk at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. Sustainable Growth Advisers LP purchased a new stake in Autodesk in the 2nd quarter valued at approximately $208,956,000. Renaissance Technologies LLC purchased a new stake in Autodesk in the 2nd quarter valued at approximately $140,338,000. Neuberger Berman Group LLC lifted its position in shares of Autodesk by 979.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock valued at $98,699,000 after acquiring an additional 888,233 shares during the period. Fred Alger Management Inc. lifted its position in shares of Autodesk by 52.3% during the 2nd quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after acquiring an additional 829,021 shares during the period. Finally, BlackRock Inc. lifted its position in shares of Autodesk by 4.8% during the 2nd quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after acquiring an additional 735,647 shares during the period. 94.67% of the stock is currently owned by institutional investors.
A number of research firms have recently issued reports on ADSK. Wells Fargo & Company lifted their price target on shares of Autodesk from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Canaccord Genuity reiterated a “buy” rating and set a $140.00 price target (up from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. KeyCorp reiterated an “overweight” rating and set a $136.00 price target (up from $127.00) on shares of Autodesk in a research report on Thursday, November 16th. Royal Bank Of Canada reiterated a “buy” rating on shares of Autodesk in a research report on Wednesday, November 15th. Finally, Evercore ISI set a $135.00 price target on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $124.50.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up $1.18 on Tuesday, reaching $127.46. The company’s stock had a trading volume of 679,522 shares, compared to its average volume of 1,300,000. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22. Autodesk, Inc. has a 52 week low of $68.06 and a 52 week high of $128.28.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS. analysts forecast that Autodesk, Inc. will post -1.38 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “496,355 Shares in Autodesk, Inc. (ADSK) Purchased by Findlay Park Partners LLP” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://ledgergazette.com/2017/11/21/496355-shares-in-autodesk-inc-adsk-purchased-by-findlay-park-partners-llp.html.
In other news, insider Andrew Anagnost sold 24,004 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Insiders sold a total of 79,789 shares of company stock valued at $9,189,363 over the last quarter. 6.10% of the stock is currently owned by insiders.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
Receive News & Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.