State of Wisconsin Investment Board trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.1% during the 4th quarter, HoldingsChannel reports. The firm owned 298,286 shares of the software company’s stock after selling 105,463 shares during the quarter. State of Wisconsin Investment Board’s holdings in Autodesk were worth $31,269,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Cerebellum GP LLC purchased a new position in shares of Autodesk during the 4th quarter valued at $116,000. Cable Hill Partners LLC grew its holdings in shares of Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after acquiring an additional 949 shares in the last quarter. Exane Derivatives purchased a new position in shares of Autodesk during the 4th quarter valued at $199,000. Cedar Capital LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at $207,000. Finally, Chilton Investment Co. LLC purchased a new position in shares of Autodesk during the 4th quarter valued at $210,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Several research firms have recently commented on ADSK. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a report on Monday, February 12th. OTR Global upgraded shares of Autodesk to a “positive” rating in a report on Monday, February 5th. KeyCorp restated a “buy” rating and set a $134.00 price target on shares of Autodesk in a report on Wednesday, January 17th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. Finally, Oppenheimer began coverage on shares of Autodesk in a research note on Friday, December 29th. They issued an “outperform” rating and a $135.00 price objective for the company. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $132.68.
Autodesk, Inc. (ADSK) opened at $112.95 on Monday. 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, Inc. has a 52-week low of $81.75 and a 52-week high of $131.10.
Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million during 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 business’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. equities analysts forecast that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.
In other Autodesk news, CFO Richard Scott Herren sold 5,738 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.14, for a total transaction of $735,267.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lorrie M. Norrington sold 6,005 shares of the business’s 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. In the last three months, insiders have sold 19,248 shares of company stock valued at $2,148,546. Company insiders own 6.10% of the company’s stock.
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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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