Lourd Capital LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, Holdings Channel reports. The firm bought 2,754 shares of the software company’s stock, valued at approximately $430,000.
Other large investors have also recently bought and sold shares of the company. Alpha Windward LLC acquired a new position in Autodesk in the 2nd quarter valued at about $102,000. Smithfield Trust Co. acquired a new position in Autodesk in the 2nd quarter valued at about $116,000. Bank of Stockton acquired a new position in Autodesk in the 3rd quarter valued at about $205,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Autodesk by 58.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock valued at $174,000 after purchasing an additional 489 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Autodesk in the 3rd quarter valued at about $209,000. Institutional investors own 96.00% of the company’s stock.
In related news, Director Lorrie M. Norrington sold 5,001 shares of the company’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 23,008 shares of the company’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $152.03, for a total transaction of $3,497,906.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,009 shares of company stock worth $4,431,583. 0.14% of the stock is owned by insiders.
Several equities analysts have recently commented on ADSK shares. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 21st. Deutsche Bank upped their price objective on shares of Autodesk from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, June 25th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Guggenheim restated a “neutral” rating and issued a $150.00 price objective on shares of Autodesk in a report on Wednesday, August 8th. Finally, Wedbush restated a “neutral” rating and issued a $137.00 price objective on shares of Autodesk in a report on Friday, August 17th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $163.74.
Shares of ADSK stock opened at $133.50 on Thursday. Autodesk, Inc. has a one year low of $101.55 and a one year high of $159.94. The company has a market capitalization of $34.13 billion, a PE ratio of -83.44, a P/E/G ratio of 109.17 and a beta of 1.80. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of -6.57.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The firm had revenue of $612.00 million for the quarter, compared to the consensus estimate of $600.36 million. During the same period in the prior year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities analysts expect that Autodesk, Inc. will post 0.06 earnings per share for the current year.
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; 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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