American Century Companies Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,043,473 shares of the software company’s stock after purchasing an additional 364,994 shares during the period. American Century Companies Inc. owned approximately 1.39% of Autodesk worth $341,660,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Brighton Jones LLC increased its holdings in Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after buying an additional 17 shares in the last quarter. Tdam USA Inc. increased its holdings in Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Autodesk by 0.5% in the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after buying an additional 42 shares in the last quarter. Parallel Advisors LLC increased its holdings in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares in the last quarter. Finally, Ballentine Partners LLC increased its holdings in Autodesk by 1.3% in the second quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after buying an additional 65 shares in the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $128.00 target price on shares of Autodesk in a report on Friday, October 6th. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Sunday, October 1st. Cowen and Company raised their price objective on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, August 25th. Finally, Barclays PLC reissued an “overweight” rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Autodesk currently has an average rating of “Buy” and an average price target of $118.26.
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In related news, 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 transaction of $64,327.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of Autodesk stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 79,789 shares of company stock worth $9,189,363 in the last 90 days. Company insiders own 6.10% of the company’s stock.
Autodesk, Inc. (ADSK) traded down $1.27 during trading hours on Monday, hitting $123.58. 279,976 shares of the company traded hands, compared to its average volume of 1,410,000. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk, Inc. has a 1-year low of $67.15 and a 1-year high of $126.44.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. sell-side analysts forecast that Autodesk, Inc. will post -1.38 EPS for the current year.
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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