New Mexico Educational Retirement Board increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,057 shares of the software company’s stock after buying an additional 3,000 shares during the period. New Mexico Educational Retirement Board’s holdings in Autodesk were worth $2,207,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Autodesk during the fourth quarter worth approximately $116,000. Cable Hill Partners LLC raised its stake in shares of Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after buying an additional 949 shares during the last quarter. Cedar Capital LLC bought a new stake in shares of Autodesk during the third quarter worth approximately $207,000. Exane Derivatives bought a new stake in shares of Autodesk during the fourth quarter worth approximately $199,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Autodesk during the third quarter worth approximately $216,000. 95.05% of the stock is owned by institutional investors and hedge funds.
In related news, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total transaction of $159,435.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lorrie M. Norrington sold 6,005 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. Insiders sold 19,248 shares of company stock valued at $2,148,546 in the last quarter. Corporate insiders own 6.10% of the company’s stock.
ADSK has been the subject of several recent analyst reports. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, November 15th. Morgan Stanley upped their target price on shares of Autodesk from $120.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $130.00 target price on shares of Autodesk in a research note on Wednesday, November 29th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $136.00 target price (up previously from $127.00) on shares of Autodesk in a research note on Thursday, November 16th. Four analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $132.68.
Autodesk, Inc. (NASDAQ ADSK) opened at $112.95 on Friday. The firm has a market cap of $25,004.69, a P/E ratio of -43.95, a PEG ratio of 15.32 and a beta of 1.91. Autodesk, Inc. has a 1-year low of $81.75 and a 1-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.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. sell-side analysts expect that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.
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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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