MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of Autodesk, Inc. (NASDAQ: ADSK – Get a rating) by 98.7% during the 1st quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission (SEC). The fund held 300 shares of the software company after selling 23,650 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Autodesk were worth $65,000 at the end of the last quarter.
Other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Autodesk shares by 5.8% during the fourth quarter. Russell Investments Group Ltd. now owns 370,378 shares of the software company valued at $104,154,000 after purchasing an additional 20,146 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Autodesk to 70.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 19,580 shares of the software company valued at $5,506,000 after acquiring 8,070 additional shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Autodesk by 530.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 130,995 shares of the software company valued at $36,834,000 after acquiring an additional 110,223 shares in the last quarter. Bigelow Investment Advisors LLC bought a new position in Autodesk in the fourth quarter worth about $257,000. Finally, California State Teachers Retirement System increased its stake in Autodesk by 3.1% in the fourth quarter. California State Teachers Retirement System now owns 412,608 shares of the software company valued at $116,021,000 after acquiring 12,315 additional shares in the last quarter. 89.55% of the shares are currently held by institutional investors and hedge funds.
In other Autodesk news, CFO Deborah Clifford sold 1,820 shares of Autodesk in a trade on Monday, March 28. The shares were sold at an average price of $212.30, for a total value of $386,386.00. The sale was disclosed in an SEC filing, which is available via this hyperlink. Additionally, CAO Stephen W. Hope sold 1,626 Autodesk shares in a trade on Monday, March 28. The shares were sold at an average price of $212.30, for a total transaction of $345,199.80. Disclosure of this sale can be found here. Insiders sold a total of 5,113 shares of the company worth $1,078,554 during the last quarter. Insiders of the company hold 0.11% of the shares of the company.
ADSK has been the subject of a number of recent research reports. Griffin Securities cut its price target on Autodesk shares from $340.00 to $300.00 and placed a “buy” rating on the stock in a Friday, Feb. 25 research note. Argus reduced its price target on Autodesk shares from $360.00 to $290.00 in a Monday, February 28 research note. OTR Global upgraded Autodesk shares to a “positive” rating in a Thursday, May 5, research note. Citigroup cut its price target on Autodesk shares from $264.00 to $258.00 and set a “buy” rating on the stock in a Friday, May 27 report. Finally, Credit Suisse Group cut its price target on Autodesk shares from $440.00 to $335.00 and gave the stock an “na” rating in a Tuesday, May 17 report. One equity research analyst rated the stock with a sell rating, three gave the stock a hold rating, and sixteen gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $263.74.
Shares of NASDAQ: ADSK opened at $192.48 on Friday. Autodesk, Inc. has a 12-month low of $163.20 and a 12-month high of $344.39. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt ratio of 3.35. The company’s fifty-day simple moving average is $190.85 and its 200-day simple moving average is $220.38. The company has a market capitalization of $41.82 billion, a price-earnings ratio of 87.49 and a beta of 1.43.
Autodesk (NASDAQ: ADSK – Get a rating) last released 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 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 analyst estimates of $1.15 billion. During the same period of the previous year, the company achieved EPS of $1.03. The company’s revenue increased by 18.3% compared to the same quarter last year. Research analysts expect Autodesk, Inc. to post earnings per share of 3.97 for the current fiscal year.
Autodesk Company 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.
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