Federated Investors Inc. PA lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 48.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,994 shares of the software company’s stock after selling 1,864 shares during the period. Federated Investors Inc. PA’s holdings in Autodesk were worth $261,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Alpha Windward LLC acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $102,000. Institutional & Family Asset Management LLC acquired a new position in shares of Autodesk during the 1st quarter worth approximately $100,000. Smithfield Trust Co. acquired a new position in shares of Autodesk during the 2nd quarter worth approximately $116,000. IHT Wealth Management LLC grew its position in shares of Autodesk by 1,142.2% during the 1st quarter. IHT Wealth Management LLC now owns 1,031 shares of the software company’s stock worth $127,000 after purchasing an additional 948 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Autodesk by 58.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock worth $174,000 after purchasing an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.
ADSK has been the topic of a number of analyst reports. Griffin Securities increased their target price on shares of Autodesk from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. KeyCorp increased their target price on shares of Autodesk from $150.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Wedbush increased their price target on shares of Autodesk from $137.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, August 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Autodesk from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk presently has an average rating of “Buy” and a consensus target price of $163.74.
NASDAQ ADSK opened at $154.82 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57. The company has a market cap of $33.41 billion, a P/E ratio of -96.76, a PEG ratio of 106.87 and a beta of 1.82. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. equities analysts expect that Autodesk, Inc. will post 0.06 EPS for the current year.
In related news, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 5,001 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $156.75, for a total transaction of $783,906.75. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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