Tredje AP fonden grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,017 shares of the software company’s stock after buying an additional 870 shares during the quarter. Tredje AP fonden’s holdings in Autodesk were worth $2,317,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $27,000. Golden State Wealth Management LLC purchased a new stake in Autodesk in the first quarter worth approximately $31,000. Nvwm LLC purchased a new stake in Autodesk in the first quarter worth approximately $31,000. Clean Yield Group grew its position in Autodesk by 71.5% during the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after acquiring an additional 93 shares during the last quarter. Finally, Americana Partners LLC purchased a new position in shares of Autodesk during the fourth quarter worth approximately $36,000. 94.15% of the stock is owned by institutional investors.
In other news, CAO Stephen W. Hope sold 212 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $147.81, for a total transaction of $31,335.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $195.00, for a total transaction of $1,596,270.00. The disclosure for this sale can be found here. Insiders have sold a total of 8,479 shares of company stock worth $1,639,556 in the last quarter. Company insiders own 0.14% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Autodesk from $175.00 to $181.00 and gave the company an “underweight” rating in a research note on Friday, February 28th. Barclays restated a “buy” rating and set a $230.00 price target on shares of Autodesk in a research report on Sunday, March 1st. Bank of America lifted their price objective on Autodesk from $127.00 to $150.00 and gave the stock an “underperform” rating in a report on Friday, February 28th. Sanford C. Bernstein cut Autodesk from a “market perform” rating to an “underperform” rating and set a $155.00 target price for the company. in a report on Friday, May 1st. Finally, Zacks Investment Research lowered Autodesk from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a research report on Friday, March 6th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $196.87.
NASDAQ ADSK traded up $1.03 during trading on Friday, hitting $195.78. The company had a trading volume of 1,520,205 shares, compared to its average volume of 1,346,233. The company’s fifty day moving average is $173.26 and its 200-day moving average is $177.96. Autodesk, Inc. has a one year low of $125.38 and a one year high of $211.58. The company has a market cap of $42.69 billion, a price-to-earnings ratio of 203.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.60.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 27th. The software company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Autodesk had a net margin of 6.55% and a negative return on equity of 165.74%. The company had revenue of $899.30 million for the quarter, compared to analysts’ expectations of $891.06 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. Autodesk’s quarterly revenue was up 22.0% on a year-over-year basis. As a group, equities research analysts expect that Autodesk, Inc. will post 2.76 EPS for the current fiscal year.
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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