Autodesk, Inc. (ADSK) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 39.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,539 shares of the software company’s stock after buying an additional 43,667 shares during the period. Canada Pension Plan Investment Board owned about 0.07% of Autodesk worth $15,480,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ADSK. Glen Harbor Capital Management LLC increased its stake in Autodesk by 0.7% in the first quarter. Glen Harbor Capital Management LLC now owns 9,486 shares of the software company’s stock valued at $820,000 after buying an additional 68 shares during the last quarter. NBT Bank N A NY purchased a new stake in Autodesk during the first quarter valued at $210,000. Profund Advisors LLC increased its stake in Autodesk by 6.6% in the first quarter. Profund Advisors LLC now owns 17,111 shares of the software company’s stock valued at $1,480,000 after buying an additional 1,060 shares during the last quarter. IFC Holdings Incorporated FL purchased a new stake in Autodesk during the first quarter valued at $256,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in Autodesk by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,326 shares of the software company’s stock valued at $431,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 97.73% of the company’s stock.

Autodesk, Inc. (ADSK) opened at 109.80 on Wednesday. The company has a 50-day moving average price of $107.34 and a 200-day moving average price of $96.58. Autodesk, Inc. has a 12-month low of $61.99 and a 12-month high of $115.25. The firm’s market cap is $24.20 billion.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The firm had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. During the same quarter last year, the company posted ($0.10) earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts predict that Autodesk, Inc. will post ($0.56) earnings per share for the current year.

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Several research firms have weighed in on ADSK. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Sanford C. Bernstein began coverage on Autodesk in a research note on Wednesday, May 24th. They set an “outperform” rating and a $137.00 price target on the stock. Evercore ISI reiterated an “outperform” rating and set a $115.00 price target on shares of Autodesk in a research note on Thursday, May 25th. TheStreet downgraded Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $120.00 price target (up previously from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $104.55.

In other Autodesk news, VP Paul D. Underwood sold 6,490 shares of Autodesk stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $111.93, for a total value of $726,425.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total value of $250,088.96. The disclosure for this sale can be found here. Insiders sold a total of 167,705 shares of company stock worth $17,590,771 in the last ninety days. 6.10% of the stock is owned by corporate insiders.

Autodesk Company Profile

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).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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