Raymond James Trust N.A. Cuts Holdings in Autodesk, Inc. (ADSK)

Raymond James Trust N.A. lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,462 shares of the software company’s stock after selling 1,126 shares during the quarter. Raymond James Trust N.A.’s holdings in Autodesk were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. L & S Advisors Inc grew its position in Autodesk by 1.3% in the fourth quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock valued at $717,000 after acquiring an additional 70 shares during the last quarter. Commonwealth Bank of Australia grew its position in Autodesk by 3.5% in the fourth quarter. Commonwealth Bank of Australia now owns 2,148 shares of the software company’s stock valued at $274,000 after acquiring an additional 72 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Autodesk by 4.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,830 shares of the software company’s stock valued at $235,000 after acquiring an additional 81 shares during the last quarter. Mosaic Family Wealth LLC grew its position in Autodesk by 27.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 373 shares of the software company’s stock valued at $48,000 after acquiring an additional 81 shares during the last quarter. Finally, Alpha Windward LLC grew its position in Autodesk by 11.5% in the fourth quarter. Alpha Windward LLC now owns 792 shares of the software company’s stock valued at $102,000 after acquiring an additional 82 shares during the last quarter. 95.38% of the stock is owned by institutional investors.

In related news, SVP Fronzo Pascal W. Di sold 8,839 shares of Autodesk stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $165.00, for a total value of $1,458,435.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Steven M. Blum sold 16,838 shares of Autodesk stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $168.68, for a total value of $2,840,233.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,227 shares of company stock worth $10,573,716. 0.14% of the stock is owned by insiders.

Autodesk stock opened at $172.67 on Wednesday. The company has a market capitalization of $37.91 billion, a P/E ratio of 1,569.73, a P/E/G ratio of 2.58 and a beta of 1.92. Autodesk, Inc. has a one year low of $117.72 and a one year high of $173.44.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million during the quarter, compared to analyst estimates of $707.09 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. Analysts predict that Autodesk, Inc. will post 1.76 EPS for the current year.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Autodesk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. KeyCorp assumed coverage on Autodesk in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $196.00 target price on the stock. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Mizuho initiated coverage on Autodesk in a report on Thursday, April 11th. They set a “buy” rating and a $200.00 price target on the stock. Finally, Griffin Securities restated a “buy” rating and set a $188.00 price target (up from $175.00) on shares of Autodesk in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $172.51.

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About Autodesk

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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