Koshinski Asset Management Inc. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,293 shares of the software company’s stock after selling 387 shares during the period. Koshinski Asset Management Inc.’s holdings in Autodesk were worth $548,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd boosted its position in Autodesk by 458.6% during the first quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock valued at $26,000 after purchasing an additional 133 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the 1st quarter worth approximately $31,000. Nvwm LLC acquired a new stake in shares of Autodesk in the 1st quarter valued at approximately $31,000. Clean Yield Group grew its stake in shares of Autodesk by 71.5% in the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. Finally, Ameritas Investment Company LLC bought a new position in shares of Autodesk in the first quarter valued at $41,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ADSK. Barclays lifted their price objective on shares of Autodesk from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Citigroup reduced their price target on Autodesk from $245.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Royal Bank of Canada upped their price objective on Autodesk from $221.00 to $236.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. Atlantic Securities downgraded Autodesk from an “overweight” rating to a “neutral” rating and set a $179.00 target price for the company. in a research note on Thursday, April 23rd. Finally, Morgan Stanley boosted their target price on Autodesk from $190.00 to $235.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $222.08.
NASDAQ ADSK opened at $236.43 on Friday. The company has a market cap of $51.82 billion, a price-to-earnings ratio of 139.90, a PEG ratio of 2.61 and a beta of 1.61. The company has a 50 day moving average of $236.77 and a 200-day moving average of $197.75. Autodesk, Inc. has a 1-year low of $125.38 and a 1-year high of $251.39.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Wednesday, May 27th. The software company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. The firm 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%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. Research analysts predict that Autodesk, Inc. will post 2.29 earnings per share for the current year.
In other Autodesk news, SVP Fronzo Pascal W. Di sold 8,186 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. Also, SVP Steven M. Blum sold 6,884 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $242.28, for a total transaction of $1,667,855.52. The disclosure for this sale can be found here. Insiders sold 56,730 shares of company stock worth $12,807,378 in the last 90 days. 0.14% of the stock is owned by company insiders.
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.
Read More: What Does Beta Mean In Stock Selection?
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.