Advantus Capital Management Inc raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,261 shares of the software company’s stock after acquiring an additional 2,640 shares during the period. Advantus Capital Management Inc owned approximately 10,156.03% of Autodesk worth $2,499,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Asset Management Inc. raised its stake in shares of Autodesk by 5.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock worth $35,236,000 after buying an additional 16,629 shares in the last quarter. Andra AP fonden raised its stake in shares of Autodesk by 6.4% during the 2nd quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock worth $2,531,000 after buying an additional 1,500 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Autodesk by 17.7% during the 2nd quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock worth $664,000 after buying an additional 989 shares in the last quarter. Lucha Capital Management LP purchased a new position in shares of Autodesk during the 2nd quarter worth approximately $8,425,000. Finally, Pacad Investment Ltd. purchased a new position in shares of Autodesk during the 2nd quarter worth approximately $2,168,000. 94.75% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Fronzo Pascal W. Di sold 580 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. Insiders sold a total of 79,789 shares of company stock worth $9,189,363 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $123.11 on Friday. Autodesk, Inc. has a fifty-two week low of $68.06 and a fifty-two week high of $126.44. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The business’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. equities analysts predict that Autodesk, Inc. will post -1.38 earnings per share for the current year.
A number of equities research analysts recently weighed in on ADSK shares. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 16th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Deutsche Bank AG started coverage on Autodesk in a report on Wednesday, July 19th. They issued a “buy” rating and a $130.00 price target on the stock. Evercore ISI set a $115.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, OTR Global cut Autodesk to a “positive” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and a consensus price target of $118.26.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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