Xact Kapitalforvaltning AB lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,221 shares of the software company’s stock after acquiring an additional 915 shares during the period. Xact Kapitalforvaltning AB’s holdings in Autodesk were worth $2,831,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in shares of Autodesk by 7.4% in the third quarter. Nationwide Fund Advisors now owns 404,441 shares of the software company’s stock worth $45,403,000 after acquiring an additional 28,040 shares during the period. BB&T Corp boosted its holdings in shares of Autodesk by 5.1% in the third quarter. BB&T Corp now owns 99,588 shares of the software company’s stock worth $11,179,000 after acquiring an additional 4,795 shares during the period. CAPROCK Group Inc. bought a new position in shares of Autodesk in the third quarter worth $495,000. Sanders Morris Harris LLC bought a new position in shares of Autodesk in the third quarter worth $1,066,000. Finally, APG Asset Management N.V. boosted its holdings in shares of Autodesk by 7.8% in the third quarter. APG Asset Management N.V. now owns 168,214 shares of the software company’s stock worth $18,884,000 after acquiring an additional 12,100 shares during the period. 94.79% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Steven M. Blum sold 9,128 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The disclosure for this sale can be found here. Insiders have sold a total of 60,212 shares of company stock valued at $6,742,238 in the last three months. Insiders own 6.10% of the company’s stock.
A number of equities analysts have recently commented on the company. Evercore ISI set a $135.00 price target on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $128.00 price target on shares of Autodesk in a report on Friday, October 6th. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Berenberg Bank assumed coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price target for the company. Finally, BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Autodesk presently has a consensus rating of “Buy” and a consensus target price of $118.26.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 123.58 on Friday. The firm’s 50-day moving average price is $116.04 and its 200 day moving average price is $107.43. Autodesk, Inc. has a 52 week low of $67.15 and a 52 week high of $123.97. The company’s market cap is $27.09 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the consensus estimate 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 business had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The business’s revenue was down 8.9% on a year-over-year basis. On average, equities research analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current year.
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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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