Shine Investment Advisory Services Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 91.8% during the second quarter, Holdings Channel.com reports. The fund owned 305 shares of the software company’s stock after purchasing an additional 146 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Autodesk were worth $50,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ADSK. FMR LLC raised its position in Autodesk by 2.2% in the first quarter. FMR LLC now owns 9,039,419 shares of the software company’s stock valued at $1,408,523,000 after purchasing an additional 190,871 shares during the period. Geode Capital Management LLC raised its position in Autodesk by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock valued at $368,471,000 after purchasing an additional 214,397 shares during the period. Northern Trust Corp raised its position in Autodesk by 0.6% in the first quarter. Northern Trust Corp now owns 2,612,677 shares of the software company’s stock valued at $407,106,000 after purchasing an additional 14,972 shares during the period. Egerton Capital UK LLP increased its position in shares of Autodesk by 30.4% during the first quarter. Egerton Capital UK LLP now owns 2,228,779 shares of the software company’s stock worth $347,288,000 after acquiring an additional 519,100 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of Autodesk by 1.5% during the first quarter. Pictet Asset Management Ltd. now owns 1,866,083 shares of the software company’s stock worth $290,773,000 after acquiring an additional 28,355 shares during the last quarter. Hedge funds and other institutional investors own 92.86% of the company’s stock.
NASDAQ:ADSK traded down $1.46 during mid-day trading on Wednesday, reaching $142.21. The stock had a trading volume of 46,553 shares, compared to its average volume of 1,442,450. The stock has a market cap of $32.45 billion, a P/E ratio of 1,291.18, a price-to-earnings-growth ratio of 2.34 and a beta of 1.79. Autodesk, Inc. has a 1-year low of $117.72 and a 1-year high of $178.95. The business has a 50 day simple moving average of $166.42.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). The firm had revenue of $735.50 million during the quarter, compared to analyst estimates of $740.14 million. Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts predict that Autodesk, Inc. will post 1.66 EPS for the current fiscal year.
In related news, CEO Andrew Anagnost sold 2,434 shares of Autodesk stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $169.47, for a total value of $412,489.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Blasing sold 1,300 shares of Autodesk stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $164.54, for a total value of $213,902.00. The disclosure for this sale can be found here. Insiders sold 6,773 shares of company stock valued at $1,109,297 over the last quarter. Insiders own 0.12% of the company’s stock.
A number of analysts have recently issued reports on the company. Mizuho assumed coverage on Autodesk in a research report on Thursday, April 11th. They set a “buy” rating and a $200.00 target price on the stock. Zacks Investment Research lowered Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 target price on the stock. in a research report on Monday, June 3rd. Griffin Securities reaffirmed a “buy” rating and set a $193.00 target price (up from $188.00) on shares of Autodesk in a research report on Friday, May 24th. Wedbush dropped their target price on Autodesk from $166.00 to $164.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $190.00 target price on shares of Autodesk in a research report on Wednesday, June 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Autodesk presently has a consensus rating of “Hold” and an average price target of $173.95.
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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