Disciplined Growth Investors Inc Mn buys $116,800,580 stake in Autodesk (ADSK)

Autodesk (ADSK) : Disciplined Growth Investors Inc Mn scooped up 27,300 additional shares in Autodesk during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,889,060 shares of Autodesk which is valued at $116,800,580.Autodesk makes up approximately 2.71% of Disciplined Growth Investors Inc Mn’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in ADSK by selling 48,593 shares or 87.3% in the most recent quarter. The Hedge Fund company now holds 7,067 shares of ADSK which is valued at $436,953.Hightower Advisors reduced its stake in ADSK by selling 8,008 shares or 46.53% in the most recent quarter. The Hedge Fund company now holds 9,204 shares of ADSK which is valued at $569,083. Autodesk makes up approx 0.01% of Hightower Advisors’s portfolio. First Eagle Investment Management added ADSK to its portfolio by purchasing 695,576 company shares during the most recent quarter which is valued at $42,923,995. Autodesk makes up approx 0.10% of First Eagle Investment Management’s portfolio. Harel Insurance Investments Financial Services Ltd. added ADSK to its portfolio by purchasing 490 company shares during the most recent quarter which is valued at $28,396.Berkshire Asset Managementpa boosted its stake in ADSK in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 11,142 shares of Autodesk which is valued at $649,244. Autodesk makes up approx 0.10% of Berkshire Asset Managementpa’s portfolio.

Autodesk closed down -0.55 points or -0.80% at $68.32 with 31,27,566 shares getting traded on Monday. Post opening the session at $68.5, the shares hit an intraday low of $67.86 and an intraday high of $68.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Autodesk reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 19, 2016. Analyst had a consensus of $-0.14. The company had revenue of $511.90 million for the quarter, compared to analysts expectations of $513.00 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Autodesk. Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 64 from a previous price target of $60 .Company shares were Reiterated by Wedbush on May 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Company shares were Reiterated by Canaccord Genuity on May 20, 2016 to “Hold”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .

Autodesk Inc. (Autodesk) is a design software and services company offering customers productive business solutions through technology products and services. The Company serves customers in the architecture engineering and construction; manufacturing and digital media consumer and entertainment industries. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.

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