Baird Financial Group Inc. Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Baird Financial Group Inc. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 54.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,388 shares of the software company’s stock after buying an additional 10,346 shares during the period. Baird Financial Group Inc.’s holdings in Autodesk were worth $3,852,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ADSK. Institutional & Family Asset Management LLC purchased a new position in shares of Autodesk during the first quarter worth about $100,000. Alpha Windward LLC purchased a new position in shares of Autodesk during the second quarter worth about $102,000. Smithfield Trust Co. purchased a new position in shares of Autodesk during the second quarter worth about $116,000. IHT Wealth Management LLC grew its holdings 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 purchasing an additional 948 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings 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 purchasing an additional 489 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.

Shares of NASDAQ ADSK traded down $0.10 during midday trading on Friday, reaching $152.00. 3,242,490 shares of the company were exchanged, compared to its average volume of 2,082,535. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of -6.57. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94. The firm has a market cap of $34.13 billion, a P/E ratio of -95.00, a P/E/G ratio of 109.17 and a beta of 1.80.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. During the same quarter last year, the company posted ($0.11) earnings per share. The business’s revenue was up 21.9% on a year-over-year basis. As a group, analysts anticipate that Autodesk, Inc. will post 0.06 earnings per share for the current year.

Several equities analysts have issued reports on the company. Oppenheimer raised their price objective on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. BidaskClub lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 28th. Deutsche Bank raised their price objective on Autodesk from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, June 25th. CIBC raised their price objective on Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, Credit Suisse Group raised their price objective on Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Five equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $163.74.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 5,001 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total transaction of $783,906.75. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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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