Commonwealth Equity Services LLC increased its position in shares of Autodesk, Inc. (NASDAQ: ADSK – Get a rating) by 0.3% during the first quarter, Participation channel reports. The fund held 20,698 shares of the software company after acquiring 65 additional shares during the quarter. Commonwealth Equity Services LLC’s holdings in Autodesk were worth $4,436,000 at the end of the last quarter.
A number of other major investors have also changed their positions in the company. Norges Bank acquired a new position in Autodesk in Q4, valued at approximately $1,504,904,000. Castleview Partners LLC acquired a new position in Autodesk in Q4 worth approximately $3,181,000. Intermede Investment Partners Ltd acquired a new position in Autodesk in Q1 worth approximately $130,889,000. State Street Corp increased its stake in Autodesk by 3.9% in the fourth quarter. State Street Corp now owns 8,786,922 shares of the software company valued at $2,470,795,000 after purchasing an additional 333,863 shares during the period. Finally, Findlay Park Partners LLP increased its stake in Autodesk by 11.2% in the 4th quarter. Findlay Park Partners LLP now owns 3,264,249 shares of the software company valued at $917,874,000 after purchasing an additional 330,000 shares during the period. Institutional investors and hedge funds hold 89.55% of the company’s shares.
Autodesk Inventory Performance
Shares of ADSK opened at $221.94 on Friday. 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 12-month low of $163.20 and a 12-month high of $344.39. The company has a market capitalization of $48.22 billion, a P/E ratio of 100.88 and a beta of 1.53. The company’s 50-day moving average price is $189.72 and its two-hundred-day moving average price is $203.57.
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 $0.87 for the quarter, beating consensus analyst estimates of $0.77 by $0.10. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The company posted revenue of $1.17 billion for the quarter, versus a consensus estimate of $1.15 billion. During the same period last year, the company earned earnings per share of $1.03. The company’s revenue increased by 18.3% compared to the same quarter last year. On average, analysts expect Autodesk, Inc. to post EPS of 3.99 for the current fiscal year.
In other news, EVP Rebecca Pearce sold 1,608 shares of Autodesk in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $207.86, for a total value of $334,238.88. Following the sale, 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 filing with the Securities & Exchange Commission, which is available via the SEC website. In related news, EVP Rebecca Pearce sold 1,608 shares of the company in a trade on Tuesday, May 31. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the transaction, the executive vice president now directly owns 19,325 shares of the company, valued at $4,016,894.50. The sale was disclosed in a filing with the SEC, which is available via this link. Additionally, CAO Stephen W. Hope sold 327 shares of the company in a trade on Tuesday, July 12. The stock was sold at an average price of $177.43, for a total transaction of $58,019.61. As a result of the transaction, the accounting chief now owns 4,186 shares of the company, valued at $742,721.98. Disclosure of this sale can be found here. 0.11% of the shares are held by insiders.
A Wall Street analyst gives his opinion
Several analysts have recently released reports on ADSK shares. StockNews.com moved Autodesk shares from a “hold” rating to a “buy” rating in a Thursday, June 2 report. OTR Global upgraded Autodesk shares to a “positive” rating in a Thursday, May 5 research report. KeyCorp lowered its price target on Autodesk shares from $260.00 to $250.00 and set an “overweight” rating for the company in a Friday, May 27 research report. Deutsche Bank Aktiengesellschaft cut Autodesk shares from a ‘buy’ to a ‘hold’ rating and lowered its price target for the company from $275.00 to $225.00 in a research report Monday, May 23. Finally, Oppenheimer began covering Autodesk stocks in a research report on Tuesday, July 26. They issued an “outperform” rating and a price target of $320.00 for the company. One equity research analyst gave the stock a sell rating, four gave the company a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $261.80.
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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