Verde Servicos Internacionais S.A. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,831 shares of the software company’s stock, valued at approximately $9,023,000. Autodesk comprises about 2.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 16th biggest position.
A number of other institutional investors have also recently modified their holdings of ADSK. Viking Global Investors LP lifted its stake in Autodesk by 68.5% in the fourth quarter. Viking Global Investors LP now owns 4,094,027 shares of the software company’s stock worth $429,177,000 after acquiring an additional 1,664,658 shares during the last quarter. Summit Trail Advisors LLC lifted its stake in Autodesk by 10,083.1% in the first quarter. Summit Trail Advisors LLC now owns 1,265,960 shares of the software company’s stock worth $1,266,000 after acquiring an additional 1,253,528 shares during the last quarter. OZ Management LP acquired a new stake in Autodesk during the first quarter worth approximately $146,374,000. Luxor Capital Group LP acquired a new stake in Autodesk during the first quarter worth approximately $71,803,000. Finally, Findlay Park Partners LLP raised its holdings in Autodesk by 43.3% during the first quarter. Findlay Park Partners LLP now owns 1,700,339 shares of the software company’s stock worth $213,529,000 after purchasing an additional 513,984 shares in the last quarter. Institutional investors own 93.82% of the company’s stock.
Shares of Autodesk stock traded up $1.40 during trading on Thursday, reaching $133.00. The company’s stock had a trading volume of 53,904 shares, compared to its average volume of 1,879,967. The stock has a market capitalization of $28.84 billion, a price-to-earnings ratio of -82.89, a PEG ratio of 289.23 and a beta of 1.70. Autodesk, Inc. has a fifty-two week low of $99.22 and a fifty-two week high of $142.94. The company has a debt-to-equity ratio of -12.34, a current ratio of 0.92 and a quick ratio of 0.92.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 24th. The software company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $559.90 million for the quarter, compared to analysts’ expectations of $558.49 million. Autodesk had a negative net margin of 24.39% and a negative return on equity of 3,087.49%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) EPS. analysts anticipate that Autodesk, Inc. will post 0.02 earnings per share for the current year.
ADSK has been the topic of a number of research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $150.00 price objective (up previously from $135.00) on shares of Autodesk in a report on Wednesday, March 7th. KeyCorp raised their price objective on shares of Autodesk from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, March 7th. Credit Suisse Group reissued an “outperform” rating and set a $150.00 price objective (up previously from $135.00) on shares of Autodesk in a report on Wednesday, March 7th. CIBC reissued an “outperform” rating and set a $145.00 price objective (up previously from $135.00) on shares of Autodesk in a report on Wednesday, March 7th. Finally, Oppenheimer raised their price objective on shares of Autodesk from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $149.60.
In other Autodesk news, SVP Steven M. Blum sold 13,870 shares of the business’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $133.02, for a total value of $1,844,987.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Karen Blasing sold 350 shares of the business’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $138.14, for a total transaction of $48,349.00. The disclosure for this sale can be found here. Insiders sold a total of 21,405 shares of company stock worth $2,890,471 over the last three months. 0.14% of the stock is currently owned by corporate insiders.
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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