Fifth Third Bancorp added to its holdings of Autodesk, Inc. (NASDAQ: ADSK – Get an assessment) by 17.1% during the 1st quarter, according to its last filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,961 shares of the software company after purchasing an additional 2,766 shares during the period. Fifth Third Bancorp’s holdings in Autodesk were worth $4,064,000 when it last filed with the Securities and Exchange Commission (SEC).
A number of other large investors also changed their positions in ADSK. Curi Wealth Management LLC acquired a new position in Autodesk stock in the fourth quarter worth about $25,000. Gradient Investments LLC increased its stake in Autodesk stock to 68.4% in the fourth quarter. Gradient Investments LLC now owns 96 shares of the software company valued at $27,000 after buying 39 additional shares during the period. Investment Research & Advisory Group Inc. acquired a new position in Autodesk stock in the fourth quarter worth about $27,000. Equitec Proprietary Markets LLC acquired a new position in Autodesk stock in the fourth quarter worth approximately $33,000. Finally, Harbor Investment Advisory LLC increased its stake in Autodesk shares by 76.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 120 shares of the software company valued at $34,000 after buying 52 additional shares during the period. 89.55% of the shares are currently held by institutional investors.
In other news, EVP Rebecca Pearce sold 1,608 shares of the company in a transaction that took place 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 transaction, the executive vice president now owns 19,325 shares of the company, valued at $4,016,894.50. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Insiders of the company hold 0.11% of the shares of the company.
Shares of ADSK Action opened at $173.86 on Friday. The company has a market capitalization of $37.77 billion, a P/E ratio of 79.03 and a beta of 1.43. The company’s 50-day moving average is $188.86 and its two-hundred-day moving average is $216.80. Autodesk, Inc. has a 12-month low of $163.20 and a 12-month high of $344.39. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt ratio of 3.35.
Autodesk (NASDAQ: ADSK – Get an assessment) last released its results on Thursday, May 26. The software company reported earnings per share of $1.43 for the quarter, beating the consensus estimate of $1.34 by $0.09. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company’s quarterly revenue increased by 18.3% compared to the same quarter last year. In the same quarter last year, the company posted earnings per share of $1.03. On average, research analysts predict Autodesk, Inc. will post earnings per share of 3.97 for the current fiscal year.
ADSK has been the subject of a number of research reports. Goldman Sachs Group cut its price target on Autodesk from $210.00 to $185.00 and placed a “sell” rating on the stock in a Tuesday May 31 report. Mizuho rephrased a “buy” rating and posted a target price of $250.00 on Autodesk stock in a research note on Friday, May 27. OTR Global raised Autodesk to a “positive” rating in a Thursday, May 5 research note. Robert W. Baird raised his target price on Autodesk from $255.00 to $260.00 in a Friday, May 27 research note. Finally, Royal Bank of Canada lowered its target price on Autodesk from $295.00 to $255.00 in a Monday, May 23 research note. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned the company a buy rating. Based on MarketBeat data, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.74.
About Autodesk (Get an assessment)
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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