The Manufacturers Life Insurance Company increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 64.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 368,178 shares of the software company’s stock after purchasing an additional 143,675 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.17% of Autodesk worth $37,121,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC lifted its position in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares during the last quarter. Harfst & Associates Inc. acquired a new position in shares of Autodesk during the 2nd quarter worth about $150,000. IFP Advisors Inc lifted its position in shares of Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares during the last quarter. Kanawha Capital Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth about $202,000. Finally, First Personal Financial Services lifted its position in shares of Autodesk by 896.0% during the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after purchasing an additional 1,801 shares during the last quarter. 94.78% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Steven M. Blum sold 9,128 shares of Autodesk stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lorrie M. Norrington sold 25,000 shares of Autodesk stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,212 shares of company stock valued at $6,742,238. 6.10% of the stock is owned by company insiders.
ADSK has been the subject of several research analyst reports. Evercore ISI reissued an “outperform” rating and set a $115.00 price objective on shares of Autodesk in a research report on Wednesday, June 21st. Cowen and Company reissued a “buy” rating and set a $115.00 price objective on shares of Autodesk in a research report on Friday, August 18th. Berenberg Bank initiated coverage on Autodesk in a research report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price objective for the company. Canaccord Genuity reissued a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Autodesk in a research report on Friday, August 25th. Finally, BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Autodesk currently has a consensus rating of “Buy” and a consensus price target of $118.26.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.18% during trading on Friday, hitting $119.21. The stock had a trading volume of 157,873 shares. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $119.84. The stock’s 50-day moving average is $113.99 and its 200-day moving average is $104.71. The stock’s market capitalization is $26.13 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. Analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
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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