Sentry Investment Management LLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,797 shares of the software company’s stock after selling 3,805 shares during the period. Sentry Investment Management LLC’s holdings in Autodesk were worth $1,089,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Eagle Asset Management Inc. boosted its stake in shares of Autodesk by 5.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock valued at $35,236,000 after buying an additional 16,629 shares during the period. Andra AP fonden boosted its stake in shares of Autodesk by 6.4% during the 2nd quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock valued at $2,531,000 after buying an additional 1,500 shares during the period. Advisor Group Inc. boosted its stake in shares of Autodesk by 17.7% during the 2nd quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock valued at $664,000 after buying an additional 989 shares during the period. Lucha Capital Management LP acquired a new stake in shares of Autodesk during the 2nd quarter valued at $8,425,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of Autodesk during the 2nd quarter valued at $2,168,000. 94.79% of the stock is owned by institutional investors.
In related news, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold 60,212 shares of company stock valued at $6,742,238 in the last ninety days. 6.10% of the stock is currently owned by insiders.
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Shares of Autodesk, Inc. (NASDAQ ADSK) traded up 1.84% during trading on Friday, hitting $123.58. 1,523,684 shares of the stock were exchanged. The firm’s market capitalization is $27.09 billion. The firm has a 50 day moving average price of $115.57 and a 200 day moving average price of $107.06. Autodesk, Inc. has a 52 week low of $67.15 and a 52 week high of $123.97.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter last year, the business earned $0.05 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
A number of brokerages have issued reports on ADSK. Sanford C. Bernstein reissued an “outperform” rating and set a $138.00 target price (up previously from $137.00) on shares of Autodesk in a research note on Friday, August 11th. Evercore ISI set a $135.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 18th. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Robert W. Baird set a $125.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research note on Sunday, October 1st. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Autodesk in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $118.26.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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