Optas LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 36.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,291 shares of the software company’s stock after purchasing an additional 615 shares during the quarter. Optas LLC’s holdings in Autodesk were worth $530,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Conning Inc. boosted its stake in Autodesk by 1.2% during the third quarter. Conning Inc. now owns 3,338 shares of the software company’s stock valued at $771,000 after buying an additional 40 shares during the period. Pinnacle Bank boosted its stake in Autodesk by 49.5% during the third quarter. Pinnacle Bank now owns 136 shares of the software company’s stock valued at $31,000 after buying an additional 45 shares during the period. Raymond James Trust N.A. boosted its stake in Autodesk by 0.8% during the second quarter. Raymond James Trust N.A. now owns 6,133 shares of the software company’s stock valued at $1,467,000 after buying an additional 46 shares during the period. Berman Capital Advisors LLC lifted its stake in Autodesk by 10.8% during the second quarter. Berman Capital Advisors LLC now owns 470 shares of the software company’s stock worth $112,000 after purchasing an additional 46 shares during the last quarter. Finally, Front Row Advisors LLC lifted its stake in Autodesk by 20.3% during the second quarter. Front Row Advisors LLC now owns 273 shares of the software company’s stock worth $65,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 90.62% of the company’s stock.
In other Autodesk news, Director Lorrie M. Norrington sold 2,475 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $220.80, for a total transaction of $546,480.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 8,236 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $245.64, for a total value of $2,023,091.04. The disclosure for this sale can be found here. Insiders have sold a total of 11,342 shares of company stock worth $2,714,897 in the last quarter. Company insiders own 0.14% of the company’s stock.
NASDAQ:ADSK traded down $0.87 during mid-day trading on Monday, reaching $253.55. 9,926 shares of the company’s stock traded hands, compared to its average volume of 1,736,590. Autodesk, Inc. has a 12-month low of $125.38 and a 12-month high of $268.44. The firm has a market capitalization of $55.79 billion, a price-to-earnings ratio of 156.09, a PEG ratio of 3.12 and a beta of 1.51. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50 day moving average price of $235.20 and a 200-day moving average price of $221.19.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, August 25th. The software company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Autodesk had a negative return on equity of 457.10% and a net margin of 10.26%. The company had revenue of $913.10 million for the quarter, compared to the consensus estimate of $901.76 million. During the same quarter in the previous year, the business earned $0.65 EPS. Autodesk’s revenue was up 14.6% compared to the same quarter last year. As a group, analysts forecast that Autodesk, Inc. will post 2.33 EPS for the current year.
ADSK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on Autodesk from $250.00 to $284.00 in a research note on Wednesday, August 26th. Barclays lifted their price target on Autodesk from $274.00 to $283.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 26th. Mizuho dropped their price target on Autodesk from $285.00 to $280.00 in a research note on Monday, August 31st. Zacks Investment Research lowered Autodesk from a “buy” rating to a “hold” rating and set a $255.00 price target for the company. in a research note on Friday, August 28th. Finally, Bank of America lifted their price target on Autodesk from $143.00 to $170.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 26th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $242.41.
Autodesk, Inc operates as a software design 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 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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