National Asset Management Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 31.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,617 shares of the software company’s stock after purchasing an additional 1,819 shares during the quarter. National Asset Management Inc.’s holdings in Autodesk were worth $1,190,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Breakline Capital LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $1,014,000. Wealthfront Advisers LLC grew its stake in shares of Autodesk by 1.9% during the 4th quarter. Wealthfront Advisers LLC now owns 7,533 shares of the software company’s stock valued at $1,382,000 after acquiring an additional 141 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Autodesk by 101.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 417 shares of the software company’s stock valued at $77,000 after acquiring an additional 210 shares during the period. Nwam LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $221,000. Finally, CAPROCK Group Inc. grew its stake in shares of Autodesk by 7.4% during the 4th quarter. CAPROCK Group Inc. now owns 2,109 shares of the software company’s stock valued at $387,000 after acquiring an additional 146 shares during the period. 94.15% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ADSK traded up $1.03 during midday trading on Friday, reaching $195.78. 1,520,205 shares of the stock traded hands, compared to its average volume of 1,346,233. The stock has a market capitalization of $42.69 billion, a PE ratio of 203.94, a P/E/G ratio of 1.63 and a beta of 1.60. Autodesk, Inc. has a one year low of $125.38 and a one year high of $211.58. The company’s 50 day moving average is $173.26 and its 200 day moving average is $177.96.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 27th. The software company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.03. Autodesk had a negative return on equity of 165.74% and a net margin of 6.55%. The company had revenue of $899.30 million for the quarter, compared to analyst estimates of $891.06 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Autodesk’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts forecast that Autodesk, Inc. will post 2.76 earnings per share for the current fiscal year.
In related news, CAO Stephen W. Hope sold 212 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $147.81, for a total transaction of $31,335.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $195.00, for a total value of $1,596,270.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,639,556 in the last 90 days. 0.14% of the stock is currently owned by insiders.
ADSK has been the subject of a number of recent research reports. Citigroup cut their price objective on Autodesk from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday. Deutsche Bank dropped their price target on Autodesk from $230.00 to $215.00 and set a “buy” rating for the company in a research note on Friday. Wedbush upped their price target on Autodesk from $190.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday. KeyCorp upped their price target on Autodesk from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Robert W. Baird restated a “buy” rating and issued a $182.00 price target on shares of Autodesk in a research note on Monday, April 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $196.87.
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; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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