Tredje AP fonden boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 5.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,017 shares of the software company’s stock after purchasing an additional 870 shares during the quarter. Tredje AP fonden’s holdings in Autodesk were worth $2,317,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Breakline Capital LLC purchased a new position in shares of Autodesk in the fourth quarter worth $1,014,000. Wealthfront Advisers LLC grew its stake in Autodesk by 1.9% during the fourth 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Autodesk by 101.4% in 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 last quarter. Nwam LLC purchased a new stake in Autodesk in the 4th quarter worth $221,000. Finally, CAPROCK Group Inc. boosted its holdings 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 purchasing an additional 146 shares during the last quarter. 94.15% of the stock is owned by institutional investors and hedge funds.
NASDAQ ADSK traded up $1.03 during trading on Friday, hitting $195.78. The stock had a trading volume of 1,520,205 shares, compared to its average volume of 1,346,233. Autodesk, Inc. has a one year low of $125.38 and a one year high of $211.58. The stock has a 50 day simple moving average of $173.26 and a 200 day simple moving average of $177.96. The stock has a market capitalization of $42.69 billion, a price-to-earnings ratio of 203.94, a P/E/G ratio of 1.63 and a beta of 1.60.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 27th. The software company reported $0.92 earnings per share for the quarter, topping the 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 firm had revenue of $899.30 million for the quarter, compared to the consensus estimate of $891.06 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, sell-side analysts expect that Autodesk, Inc. will post 2.76 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on ADSK shares. Atlantic Securities cut Autodesk from an “overweight” rating to a “neutral” rating and set a $179.00 target price on the stock. in a report on Thursday, April 23rd. Morgan Stanley lifted their price objective on Autodesk from $187.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Citigroup lowered their target price on Autodesk from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday. Sanford C. Bernstein lowered shares of Autodesk from a “market perform” rating to an “underperform” rating and set a $155.00 target price for the company. in a report on Friday, May 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $205.00 price target on shares of Autodesk in a research note on Sunday, May 3rd. Three equities 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 issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $196.87.
In related news, SVP Fronzo Pascal W. Di sold 8,186 shares of Autodesk stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $195.00, for a total transaction of $1,596,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 212 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $147.81, for a total transaction of $31,335.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,479 shares of company stock worth $1,639,556. 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; 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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