CAPROCK Group Inc. holds a $554,000 stake in Autodesk, Inc. (NASDAQ: ADSK)


CAPROCK Group Inc. reduced its stake in Autodesk, Inc. (NASDAQ: ADSKGet a rating) by 2.6% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The institutional investor held 2,583 shares of the software company after selling 70 shares during the quarter. CAPROCK Group Inc.’s holdings in Autodesk were worth $554,000 at the end of the last quarter.

A number of other institutional investors also bought and sold shares of ADSK. Norges Bank acquired a new position in Autodesk in the fourth quarter worth $1,504,904,000. Brown Advisory Inc. increased its stake in Autodesk by 18.3% in the fourth quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company worth $1,641,953,000 after buying an additional 902,168 shares last quarter. Castleview Partners LLC acquired a new position in Autodesk in the fourth quarter worth $3,181,000. Liontrust Investment Partners LLP acquired a new position in Autodesk in the third quarter worth $233,355,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Autodesk in the fourth quarter worth $123,224,000. 89.55% of the shares are currently held by institutional investors.

Shares of Autodesk Inventory opened at $183.41 on Friday. Autodesk, Inc. has a 1-year minimum of $163.20 and a 1-year maximum of $344.39. The company has a 50-day moving average of $190.93 and a two-hundred-day moving average of $220.96. The company has a market capitalization of $39.85 billion, a P/E ratio of 83.37 and a beta of 1.43. The company has a debt ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62.

Autodesk (NASDAQ: ADSKGet a rating) last announced its quarterly results 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 period a year earlier, the company had earned earnings per share of $1.03. The company’s revenue for the quarter increased by 18.3% compared to the same quarter last year. On average, stock analysts expect Autodesk, Inc. to post EPS of 3.97 for the current fiscal year.

A number of stock analysts have commented on ADSK shares. Robert W. Baird raised his price target on Autodesk from $255.00 to $260.00 in a Friday, May 27 research note. Deutsche Bank Aktiengesellschaft downgraded Autodesk from a “buy” rating to a “hold” rating and reduced its price target for the company from $275.00 to $225.00 in a Monday, May 23 research note . StockNews.com upgraded Autodesk from a “hold” rating to a “buy” rating in a Thursday, June 2 research note. Barclays cut its price target on Autodesk from $230.00 to $216.00 and set an “overweight” rating on the stock in a Friday May 27 research note. Finally, Royal Bank of Canada reduced its price target on Autodesk from $295.00 to $255.00 in a Monday, May 23 research note. One equity research analyst gave the stock a sell rating, three issued a hold rating and sixteen gave the company a buy rating. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $263.74.

In related news, EVP Rebecca Pearce sold 1,608 shares in a transaction dated Tuesday, May 31. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the transaction, the executive vice president now directly 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 link. Also, CFO Deborah Clifford sold 1,820 shares in a transaction dated Monday, March 28. The stock was sold at an average price of $212.30, for a total value of $386,386.00. Disclosure of this sale can be found here. Insiders sold 5,113 shares of the company valued at $1,078,554 in the past 90 days. Company insiders own 0.11% of the company’s shares.

Autodesk Profile (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.

Further reading

Institutional ownership by quarter for Autodesk (NASDAQ:ADSK)



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