Parnassus Investments CA decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 41.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900,000 shares of the software company’s stock after selling 639,100 shares during the quarter. Parnassus Investments CA owned approximately 0.41% of Autodesk worth $101,034,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Autodesk by 0.3% during the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after purchasing an additional 17 shares during the last quarter. Tdam USA Inc. increased its stake in shares of Autodesk by 0.3% during the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock worth $780,000 after purchasing an additional 20 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Autodesk by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after purchasing an additional 42 shares during the last quarter. Parallel Advisors LLC increased its stake 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. Finally, Ballentine Partners LLC increased its stake in shares of Autodesk by 1.3% during the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock worth $572,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 94.75% of the company’s stock.
Autodesk, Inc. (NASDAQ:ADSK) traded down $0.98 during trading hours on Monday, hitting $123.87. 206,975 shares of the stock were exchanged, compared to its average volume of 1,410,000. Autodesk, Inc. has a one year low of $67.15 and a one year high of $126.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.05 EPS. equities research analysts expect that Autodesk, Inc. will post -1.38 EPS for the current year.
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ADSK has been the topic of several analyst reports. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. Evercore ISI set a $115.00 price target on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG initiated coverage on shares of Autodesk in a research note on Wednesday, July 19th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Cowen and Company increased their price target 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. One investment 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. The stock has a consensus rating of “Buy” and an average target price of $118.26.
In other news, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total transaction of $1,024,709.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the firm’s stock in a transaction dated 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 valued at $9,189,363 over the last ninety days. 6.10% of the stock is owned by insiders.
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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