Autodesk, Inc. (ADSK) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,848 shares of the software company’s stock after selling 2,967 shares during the period. Hartford Investment Management Co.’s holdings in Autodesk were worth $4,320,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ADSK. Cleararc Capital Inc. increased its position in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock worth $415,000 after buying an additional 21 shares during the last quarter. Tyers Asset Management LLC increased its position in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock worth $386,000 after buying an additional 32 shares during the last quarter. Elkfork Partners LLC increased its position in shares of Autodesk by 0.7% in the first quarter. Elkfork Partners LLC now owns 6,138 shares of the software company’s stock worth $531,000 after buying an additional 44 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Autodesk by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock worth $675,000 after buying an additional 56 shares during the last quarter. Finally, Advantus Capital Management Inc increased its position in shares of Autodesk by 0.3% in the first quarter. Advantus Capital Management Inc now owns 19,621 shares of the software company’s stock worth $1,697,000 after buying an additional 57 shares during the last quarter. 97.73% of the stock is currently owned by institutional investors.

Shares of Autodesk, Inc. (ADSK) traded up 0.62% during trading on Friday, reaching $108.56. 1,164,390 shares of the company’s stock traded hands. Autodesk, Inc. has a 1-year low of $62.68 and a 1-year high of $115.25. The stock has a 50-day moving average of $107.86 and a 200-day moving average of $96.95. The company’s market capitalization is $23.93 billion.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The company had revenue of $485.70 million for the quarter, compared to analyst estimates of $470.27 million. During the same quarter last year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Autodesk, Inc. will post ($0.56) EPS for the current fiscal year.

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Several equities analysts recently issued reports on the company. Royal Bank Of Canada upped their target price on Autodesk from $87.00 to $95.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 17th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Wedbush reissued an “outperform” rating and issued a $125.00 target price (up from $120.00) on shares of Autodesk in a research report on Friday, May 19th. Evercore ISI reaffirmed a “buy” rating and issued a $115.00 price target on shares of Autodesk in a report on Friday, May 19th. Finally, Canaccord Genuity reissued a “buy” rating and set a $120.00 target price on shares of Autodesk in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus target price of $105.85.

In related news, Director Betsy Rafael sold 2,354 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carl Bass sold 26,753 shares of the business’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $100.88, for a total transaction of $2,698,842.64. The disclosure for this sale can be found here. In the last three months, insiders sold 167,705 shares of company stock worth $17,590,771. Insiders own 6.10% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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