Front Row Advisors LLC Decreases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Front Row Advisors LLC lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 77.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,325 shares of the software company’s stock after selling 4,658 shares during the period. Front Row Advisors LLC’s holdings in Autodesk were worth $64,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 3,993,264 shares of the software company’s stock worth $829,485,000 after purchasing an additional 66,959 shares during the period. Greenland Capital Management LP increased its position in Autodesk by 58.9% during the first quarter. Greenland Capital Management LP now owns 4,131 shares of the software company’s stock valued at $860,000 after acquiring an additional 1,531 shares during the last quarter. HBK Sorce Advisory LLC increased its position in Autodesk by 35.1% during the first quarter. HBK Sorce Advisory LLC now owns 5,757 shares of the software company’s stock valued at $1,821,000 after acquiring an additional 1,495 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Autodesk by 66.6% in the first quarter. AQR Capital Management LLC now owns 212,146 shares of the software company’s stock valued at $43,248,000 after acquiring an additional 84,791 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Autodesk by 91.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 555,648 shares of the software company’s stock worth $115,664,000 after acquiring an additional 264,853 shares during the last quarter. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 22,318 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the transaction, the chief executive officer now directly owns 99,327 shares of the company’s stock, valued at approximately $22,040,661.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Andrew Anagnost sold 22,318 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $221.90, for a total value of $4,952,364.20. Following the completion of the transaction, the chief executive officer now directly owns 99,327 shares in the company, valued at $22,040,661.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 4,656 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $222.04, for a total value of $1,033,818.24. Following the completion of the sale, the director now owns 42,916 shares in the company, valued at approximately $9,529,068.64. The disclosure for this sale can be found here. Insiders sold 27,707 shares of company stock valued at $6,139,461 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 2.1 %

Autodesk stock traded down $4.51 during trading hours on Tuesday, reaching $214.23. The stock had a trading volume of 282,343 shares, compared to its average volume of 1,421,754. Autodesk, Inc. has a 52 week low of $179.61 and a 52 week high of $233.69. The company has a market cap of $45.79 billion, a price-to-earnings ratio of 54.14, a PEG ratio of 2.99 and a beta of 1.49. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.73 and a quick ratio of 0.72. The business’s 50 day moving average price is $210.76 and its 200-day moving average price is $203.94.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Wednesday, August 23rd. The software company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Autodesk had a net margin of 16.77% and a return on equity of 90.61%. Autodesk’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 4.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ADSK. KeyCorp increased their price objective on shares of Autodesk from $244.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, August 24th. Royal Bank of Canada raised their price target on Autodesk from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, August 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 price objective on shares of Autodesk in a research report on Thursday, August 24th. Citigroup reissued a “buy” rating and set a $261.00 target price (down from $277.00) on shares of Autodesk in a research note on Thursday, August 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Autodesk from $225.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $236.28.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.