Tredje AP fonden cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,571 shares of the software company’s stock after selling 1,670 shares during the quarter. Tredje AP fonden’s holdings in Autodesk were worth $2,534,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of ADSK. Meritage Group LP increased its stake in shares of Autodesk by 3,910.0% in the third quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after buying an additional 2,187,774 shares during the period. Sustainable Growth Advisers LP purchased a new position in shares of Autodesk in the second quarter worth $208,956,000. Renaissance Technologies LLC purchased a new position in shares of Autodesk in the second quarter worth $140,338,000. Neuberger Berman Group LLC increased its stake in shares of Autodesk by 979.0% in the second quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock worth $98,699,000 after buying an additional 888,233 shares during the period. Finally, Fred Alger Management Inc. increased its stake in shares of Autodesk by 52.3% in the second quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock worth $243,405,000 after buying an additional 829,021 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.
ADSK has been the topic of several analyst reports. Cowen reaffirmed a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Berenberg Bank started coverage on shares of Autodesk in a research report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price objective on the stock. Canaccord Genuity reissued a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Autodesk in a research report on Friday, August 25th. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Evercore ISI reissued an “outperform” rating and set a $135.00 price objective on shares of Autodesk in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $130.10.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $106.59 on Wednesday. Autodesk, Inc. has a fifty-two week low of $70.73 and a fifty-two week high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.22 and a current ratio of 1.07.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. During the same quarter in the previous year, the business posted ($0.18) EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. research analysts expect that Autodesk, Inc. will post -1.36 earnings per share 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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