American International Group Inc. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,984 shares of the software company’s stock after purchasing an additional 482 shares during the quarter. American International Group Inc.’s holdings in Autodesk were worth $12,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Autodesk by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock worth $368,471,000 after acquiring an additional 214,397 shares during the last quarter. Kinneret Advisory LLC acquired a new stake in Autodesk during the fourth quarter worth about $1,717,000. California State Teachers Retirement System increased its stake in Autodesk by 1.7% during the fourth quarter. California State Teachers Retirement System now owns 362,329 shares of the software company’s stock worth $46,599,000 after acquiring an additional 6,019 shares during the last quarter. Brown Advisory Inc. increased its stake in Autodesk by 7.0% during the fourth quarter. Brown Advisory Inc. now owns 2,773,645 shares of the software company’s stock worth $356,718,000 after acquiring an additional 182,278 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Autodesk by 0.7% during the fourth quarter. Stifel Financial Corp now owns 197,078 shares of the software company’s stock worth $25,332,000 after acquiring an additional 1,306 shares during the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Several equities research analysts have commented on the company. Wedbush upped their price target on Autodesk from $131.00 to $163.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Argus raised Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Friday, November 23rd. TheStreet raised Autodesk from a “d” rating to a “c” rating in a research report on Thursday, February 28th. Deutsche Bank upped their target price on Autodesk to $180.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Finally, BidaskClub raised Autodesk from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. Autodesk has an average rating of “Buy” and an average price target of $169.45.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $152.90, for a total value of $152,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Fronzo Pascal W. Di sold 6,650 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total value of $1,064,000.00. The disclosure for this sale can be found here. Insiders sold 16,489 shares of company stock valued at $2,675,335 in the last three months. 0.14% of the stock is currently owned by company insiders.

Shares of NASDAQ ADSK opened at $153.15 on Friday. The stock has a market capitalization of $33.59 billion, a PE ratio of 1,392.27, a P/E/G ratio of 2.28 and a beta of 1.94. Autodesk, Inc. has a 1-year low of $117.72 and a 1-year high of $169.05.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 28th. The software company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. During the same period in the previous year, the company posted ($0.09) earnings per share. As a group, research analysts expect that Autodesk, Inc. will post 1.76 EPS for the current fiscal year.

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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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