Alliancebernstein L.P. raised its position in Autodesk (NASDAQ:ADSK) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,411 shares of the software company’s stock after buying an additional 10,649 shares during the quarter. Alliancebernstein L.P. owned about 0.16% of Autodesk worth $36,209,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $116,000. Exane Derivatives acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $199,000. Chilton Investment Co. LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $210,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $216,000. Finally, Synovus Financial Corp acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $227,000. 95.14% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on ADSK shares. KeyCorp restated a “buy” rating and issued a $134.00 price target on shares of Autodesk in a research note on Wednesday, January 17th. Oppenheimer started coverage on shares of Autodesk in a research note on Thursday, December 21st. They issued a “buy” rating and a $135.00 price target on the stock. Evercore ISI set a $135.00 price target on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, December 20th. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank set a $136.00 target price on shares of Autodesk and gave the stock a “buy” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $141.52.
Shares of NASDAQ ADSK traded down $2.27 during midday trading on Friday, reaching $125.75. The stock had a trading volume of 2,527,813 shares, compared to its average volume of 2,382,323. The company has a market capitalization of $27,454.75, a P/E ratio of -78.59 and a beta of 1.71. Autodesk has a twelve month low of $83.55 and a twelve month high of $141.26. The company has a debt-to-equity ratio of -6.20, a quick ratio of 0.88 and a current ratio of 0.88.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. The firm had revenue of $554.00 million for the quarter, compared to the consensus estimate of $544.74 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.28) EPS. analysts forecast that Autodesk will post -0.03 earnings per share for the current year.
In other news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $133.11, for a total value of $199,665.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven M. Blum sold 20,458 shares of Autodesk stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $123.60, for a total transaction of $2,528,608.80. The disclosure for this sale can be found here. Insiders sold a total of 48,475 shares of company stock worth $6,094,232 in the last 90 days. Corporate insiders own 6.10% of the company’s stock.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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