Korea Investment CORP boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,954 shares of the software company’s stock after purchasing an additional 37,700 shares during the quarter. Korea Investment CORP owned about 0.12% of Autodesk worth $29,856,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of ADSK. Parallel Advisors LLC raised its stake in Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares during the period. Harfst & Associates Inc. bought a new stake in Autodesk during the 2nd quarter valued at approximately $150,000. IFP Advisors Inc raised its stake in Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares during the period. Kanawha Capital Management LLC bought a new stake in Autodesk during the 2nd quarter valued at approximately $202,000. Finally, First Personal Financial Services raised its stake in Autodesk by 896.0% during the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares during the period. 94.79% of the stock is currently owned by institutional investors.
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In related news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. 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 currently owned by company insiders.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 123.58 on Friday. The stock’s market capitalization is $27.09 billion. Autodesk, Inc. has a 52 week low of $67.15 and a 52 week high of $123.97. The company’s 50 day moving average price is $116.04 and its 200-day moving average price is $107.43.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. Equities research analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current year.
A number of analysts have issued reports on ADSK shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Evercore ISI set a $135.00 price objective on Autodesk and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Autodesk in a research note on Friday, August 25th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Autodesk in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Autodesk presently has a consensus rating of “Buy” and a consensus price target of $118.26.
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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