FNY Managed Accounts LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,212 shares of the software company’s stock, valued at approximately $441,000. Autodesk accounts for about 0.4% of FNY Managed Accounts LLC’s holdings, making the stock its 22nd largest holding.
Several other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Autodesk by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock worth $858,000 after buying an additional 42 shares during the period. Prudential PLC lifted its stake in shares of Autodesk by 3.2% during the second quarter. Prudential PLC now owns 3,200 shares of the software company’s stock worth $323,000 after buying an additional 100 shares during the period. Veritable L.P. lifted its stake in shares of Autodesk by 1.2% during the second quarter. Veritable L.P. now owns 9,028 shares of the software company’s stock worth $910,000 after buying an additional 103 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Autodesk by 3.4% during the second quarter. Riverhead Capital Management LLC now owns 3,262 shares of the software company’s stock worth $329,000 after buying an additional 106 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of Autodesk by 4.0% during the second quarter. MML Investors Services LLC now owns 3,215 shares of the software company’s stock worth $324,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.
Several equities research analysts have recently commented on ADSK shares. KeyCorp reiterated a “buy” rating and set a $128.00 price objective on shares of Autodesk in a research note on Friday, November 10th. 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. Canaccord Genuity restated a “buy” rating and set a $140.00 target price (up from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. Royal Bank of Canada restated a “buy” rating on shares of Autodesk in a research report on Wednesday, November 15th. Finally, 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. One 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 company. The stock presently has a consensus rating of “Buy” and an average target price of $132.68.
Autodesk, Inc. (NASDAQ:ADSK) traded up $2.14 on Tuesday, reaching $117.43. 2,905,800 shares of the company’s stock were exchanged, compared to its average volume of 2,289,143. Autodesk, Inc. has a one year low of $79.15 and a one year high of $131.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. The stock has a market capitalization of $26,110.00, a PE ratio of -45.69 and a beta of 1.91.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. During the same quarter in the previous year, the company earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. analysts predict that Autodesk, Inc. will post -1.37 earnings per share for the current year.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the business’s stock in a transaction dated 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 sold 38,825 shares of company stock valued at $4,595,671 in the last ninety days. 6.10% of the stock is owned by corporate insiders.
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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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