Huntington National Bank reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,342 shares of the software company’s stock after selling 691 shares during the quarter. Huntington National Bank’s holdings in Autodesk were worth $1,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of ADSK. State of Michigan Retirement System increased its stake in Autodesk by 11.1% in the 2nd quarter. State of Michigan Retirement System now owns 56,003 shares of the software company’s stock worth $13,395,000 after buying an additional 5,583 shares during the period. Avestar Capital LLC purchased a new position in Autodesk during the 2nd quarter worth approximately $210,000. Pacer Advisors Inc. increased its holdings in shares of Autodesk by 85.2% during the 2nd quarter. Pacer Advisors Inc. now owns 35,970 shares of the software company’s stock valued at $8,604,000 after purchasing an additional 16,547 shares in the last quarter. Point View Wealth Management Inc. acquired a new stake in Autodesk in the 2nd quarter valued at $246,000. Finally, GWM Advisors LLC grew its stake in Autodesk by 78.2% in the 2nd quarter. GWM Advisors LLC now owns 4,196 shares of the software company’s stock valued at $1,004,000 after acquiring an additional 1,842 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.
Several analysts recently issued reports on ADSK shares. Mizuho boosted their price objective on shares of Autodesk from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Credit Suisse Group upped their price target on Autodesk from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, June 4th. Bank of America increased their price objective on Autodesk from $120.00 to $143.00 and gave the company an “underperform” rating in a report on Thursday, May 28th. KeyCorp upped their price target on Autodesk from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. Finally, Wells Fargo & Co upped their price target on Autodesk from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $222.08.
In related news, SVP Steven M. Blum sold 6,884 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $242.28, for a total transaction of $1,667,855.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the company’s 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 56,730 shares of company stock worth $12,807,378 over the last ninety days. 0.14% of the stock is owned by insiders.
Shares of Autodesk stock traded up $0.33 on Friday, reaching $236.43. 1,144,187 shares of the company were exchanged, compared to its average volume of 1,041,335. The stock has a fifty day moving average price of $236.77 and a 200-day moving average price of $197.75. The firm has a market capitalization of $51.83 billion, a price-to-earnings ratio of 172.58, a price-to-earnings-growth ratio of 2.61 and a beta of 1.61. Autodesk, Inc. has a fifty-two week low of $125.38 and a fifty-two week high of $251.39.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Wednesday, May 27th. The software company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. The company had revenue of $866.00 million for the quarter, compared to analyst estimates of $867.96 million. Autodesk had a negative return on equity of 230.16% and a net margin of 8.91%. Autodesk’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 earnings per share. As a group, research analysts anticipate that Autodesk, Inc. will post 2.29 EPS for the current year.
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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