Natixis cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,965 shares of the software company’s stock after selling 1,068 shares during the quarter. Natixis’ holdings in Autodesk were worth $3,010,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Institutional & Family Asset Management LLC purchased a new stake in shares of Autodesk during the first quarter worth about $100,000. Alpha Windward LLC purchased a new stake in shares of Autodesk during the second quarter worth about $102,000. Smithfield Trust Co. purchased a new stake in shares of Autodesk during the second quarter worth about $116,000. IHT Wealth Management LLC increased its position in shares of Autodesk by 1,142.2% during the first quarter. IHT Wealth Management LLC now owns 1,031 shares of the software company’s stock worth $127,000 after acquiring an additional 948 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. increased its position in shares of Autodesk by 58.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock worth $174,000 after acquiring an additional 489 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors.

In other news, Director Lorrie M. Norrington sold 5,001 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

A number of brokerages have recently issued reports on ADSK. Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Griffin Securities lifted their target price on Autodesk from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Robert W. Baird lifted their price target on Autodesk from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Finally, Credit Suisse Group lifted their price target on Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Autodesk has an average rating of “Buy” and a consensus price target of $161.63.

Shares of ADSK stock opened at $146.72 on Tuesday. The company has a debt-to-equity ratio of -6.57, a current ratio of 0.83 and a quick ratio of 0.83. Autodesk, Inc. has a 52 week low of $101.55 and a 52 week high of $159.94. The company has a market capitalization of $33.09 billion, a price-to-earnings ratio of -91.70, a P/E/G ratio of 105.84 and a beta of 1.82.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The company had revenue of $612.00 million during the quarter, compared to the consensus estimate of $600.36 million. During the same period in the previous year, the firm posted ($0.11) earnings per share. Autodesk’s quarterly revenue was up 21.9% compared to the same quarter last year. analysts predict that Autodesk, Inc. will post 0.06 earnings per share for the current fiscal year.

Autodesk 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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