Westwood Management Corp IL Invests $234,000 in Autodesk, Inc. (ADSK)

Westwood Management Corp IL purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,500 shares of the software company’s stock, valued at approximately $234,000.

Several other large investors also recently bought and sold shares of ADSK. BlackRock Inc. lifted its holdings in Autodesk by 3.1% during the second quarter. BlackRock Inc. now owns 16,815,906 shares of the software company’s stock worth $2,204,398,000 after acquiring an additional 498,211 shares in the last quarter. Northern Trust Corp lifted its holdings in Autodesk by 1.6% during the second quarter. Northern Trust Corp now owns 2,533,136 shares of the software company’s stock worth $332,069,000 after acquiring an additional 40,719 shares in the last quarter. Morgan Stanley lifted its holdings in Autodesk by 197.1% during the second quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock worth $236,244,000 after acquiring an additional 1,195,537 shares in the last quarter. Findlay Park Partners LLP lifted its holdings in Autodesk by 5.0% during the second quarter. Findlay Park Partners LLP now owns 1,785,339 shares of the software company’s stock worth $234,040,000 after acquiring an additional 85,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Autodesk by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 1,569,743 shares of the software company’s stock worth $205,778,000 after acquiring an additional 32,082 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Shares of NASDAQ:ADSK traded down $5.34 during midday trading on Friday, reaching $124.67. The company had a trading volume of 207,592 shares, compared to its average volume of 2,129,819. The company has a debt-to-equity ratio of -6.57, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market cap of $29.65 billion, a P/E ratio of -78.38, a P/E/G ratio of 114.12 and a beta of 1.80. Autodesk, Inc. has a 1-year low of $101.55 and a 1-year high of $159.94.



Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $612.00 million for the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. Autodesk’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 0.05 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. CIBC lifted their target price on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Oppenheimer lifted their target price on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a report on Friday, July 6th. Finally, Wedbush lifted their target price on Autodesk from $137.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. Autodesk currently has a consensus rating of “Buy” and a consensus price target of $163.74.

In related news, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total value of $783,906.75. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,009 shares of company stock worth $4,431,583. 0.14% of the stock is owned by company insiders.

Autodesk Company 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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