Tdam USA Inc. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,695 shares of the software company’s stock after buying an additional 20 shares during the period. Tdam USA Inc.’s holdings in Autodesk were worth $780,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. IFP Advisors Inc raised its position in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after buying an additional 145 shares in the last quarter. Kanawha Capital Management LLC purchased a new position in Autodesk during the second quarter valued at about $202,000. Eastern Bank purchased a new position in Autodesk during the second quarter valued at about $211,000. Gilbert & Cook Inc. purchased a new position in Autodesk during the second quarter valued at about $212,000. Finally, Jacobs & Co. CA purchased a new position in Autodesk during the second quarter valued at about $220,000. 97.73% of the stock is currently owned by institutional investors.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.62% on Friday, hitting $108.56. 1,164,390 shares of the company’s stock were exchanged. Autodesk, Inc. has a 12-month low of $62.68 and a 12-month high of $115.25. The stock’s market cap is $23.93 billion. The company’s 50-day moving average price is $107.86 and its 200 day moving average price is $96.95.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The company had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $470.27 million. During the same quarter last year, the business earned ($0.10) EPS. The business’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts predict that Autodesk, Inc. will post ($0.56) earnings per share for the current fiscal year.
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ADSK has been the topic of several analyst reports. Credit Suisse Group initiated coverage on shares of Autodesk in a report on Thursday, April 27th. They issued an “outperform” rating and a $115.00 price target on the stock. Morgan Stanley raised shares of Autodesk from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $115.00 in a report on Monday, May 1st. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Pacific Crest reiterated an “overweight” rating and set a $105.00 price objective on shares of Autodesk in a research note on Monday, May 8th. Finally, Wedbush upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $78.00 to $120.00 in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $105.85.
In related news, SVP Steven M. Blum sold 6,638 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $112.71, for a total value of $748,168.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Betsy Rafael sold 2,354 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The disclosure for this sale can be found here. Insiders sold 167,705 shares of company stock valued at $17,590,771 in the last quarter. Company insiders own 6.10% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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