Sigma Planning Corp reduced its position in shares of Autodesk, Inc. (NASDAQ: ADSK – Get a rating) by 26.8% in the first quarter, Participation channel reports. The company held 3,364 shares of the software company after selling 1,230 shares during the period. Sigma Planning Corp’s holdings in Autodesk were worth $721,000 when it last filed with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Norges Bank bought a new position in Autodesk shares in Q4 valued at around $1,504,904,000. Brown Advisory Inc. increased its stake in Autodesk shares by 18.3% in the 4th quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company valued at $1,641,953,000 after acquiring 902,168 additional shares last quarter. Castleview Partners LLC acquired a new stake in Autodesk in Q4 valued at approximately $3,181,000. Allspring Global Investments Holdings LLC acquired a new stake in Autodesk in Q4 valued at approximately $123,224,000. Finally, State Street Corp increased its stake in Autodesk by 3.9% in the 4th quarter. State Street Corp now owns 8,786,922 shares of the software company valued at $2,470,795,000 after buying 333,863 additional shares in the last quarter. 89.55% of the shares are held by institutional investors.
A number of analysts have published reports on the company. Credit Suisse Group lowered its target price on Autodesk from $440.00 to $335.00 and gave the stock an “na” rating in a Tuesday, May 17 report. Mizuho reissued a “buy” rating and set a price target of $250.00 on Autodesk shares in a Friday, May 27 report. StockNews.com upgraded Autodesk from a “hold” rating to a “buy” rating in a Thursday, June 2 report. Morgan Stanley cut its price target on Autodesk from $258.00 to $245.00 and set an “equal weight” rating on the stock in a Friday, May 27 report. Finally, OTR Global raised Autodesk to a “positive” rating in a Thursday, May 5 report. One financial analyst has assigned the stock a sell rating, three have issued a hold rating and sixteen have assigned the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.74.
In other Autodesk news, EVP Rebecca Pearce sold 1,608 shares of Autodesk in a trade on Tuesday, May 31. The stock was sold at an average price of $207.86, for a total value of $334,238.88. Following the completion of the transaction, the executive vice president now owns 19,325 shares of the company, valued at approximately $4,016,894.50. The sale was disclosed in an SEC filing, available at the SEC website. Insiders hold 0.11% of the company’s shares.
Shares of ADSK opened at $176.73 on Thursday. The stock has a fifty-day moving average price of $188.26 and a two-hundred-day moving average price of $215.16. The company has a debt ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. Autodesk, Inc. has a 52-week low of $163.20 and a 52-week high of $344.39. The company has a market capitalization of $38.40 billion, a price-earnings ratio of 80.33 and a beta of 1.46.
Autodesk (NASDAQ: ADSK – Get a rating) last released its quarterly earnings data on Thursday, May 26. The software company reported earnings per share (EPS) of $1.43 for the quarter, beating the consensus estimate of $1.34 by $0.09. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company posted revenue of $1.17 billion in the quarter, versus a consensus estimate of $1.15 billion. In the same quarter a year earlier, the company posted EPS of $1.03. The company’s revenue for the quarter increased by 18.3% compared to the same quarter last year. As a group, research analysts predict Autodesk, Inc. will post EPS of 3.97 for the current fiscal year.
About Autodesk (Get a rating)
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.
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