CAPROCK Group Inc. Cuts Stake in Autodesk, Inc. (ADSK)

CAPROCK Group Inc. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,687 shares of the software company’s stock after selling 1,725 shares during the quarter. CAPROCK Group Inc.’s holdings in Autodesk were worth $311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meritage Group LP raised its stake in Autodesk by 3,910.0% in the 3rd quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after purchasing an additional 2,187,774 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Autodesk in the 2nd quarter worth about $140,338,000. Fred Alger Management Inc. raised its stake in Autodesk by 52.3% in the 2nd quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock worth $243,405,000 after purchasing an additional 829,021 shares in the last quarter. Findlay Park Partners LLP acquired a new stake in Autodesk in the 3rd quarter worth about $55,721,000. Finally, Vanguard Group Inc. raised its stake in Autodesk by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock worth $2,058,545,000 after purchasing an additional 466,724 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

In other Autodesk news, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $104.40, for a total transaction of $626,922.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,825 shares of company stock worth $4,595,671 over the last three months. Insiders own 6.10% of the company’s stock.

Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $112.55 on Friday. The stock has a market cap of $24,890.15, a P/E ratio of -43.79 and a beta of 1.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a 1-year low of $79.15 and a 1-year high of $131.10.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS. research analysts anticipate that Autodesk, Inc. will post -1.37 earnings per share for the current fiscal year.

Several equities analysts have recently commented on ADSK shares. Deutsche Bank set a $140.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and issued a $140.00 target price (up from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. Guggenheim boosted their target price on shares of Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Barclays restated an “overweight” rating and issued a $135.00 target price (up from $125.00) on shares of Autodesk in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $132.68.

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About Autodesk

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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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