Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 50.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,985 shares of the software company’s stock after selling 2,000 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Advisor Partners LLC lifted its stake in Autodesk by 6.9% in the second quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock valued at $860,000 after buying an additional 423 shares during the last quarter. HL Financial Services LLC lifted its stake in Autodesk by 8.3% in the second quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock valued at $727,000 after buying an additional 425 shares during the last quarter. HPM Partners LLC lifted its stake in Autodesk by 11.3% in the second quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock valued at $588,000 after buying an additional 457 shares during the last quarter. IFP Advisors Inc lifted its stake in Autodesk by 34.6% in the third quarter. IFP Advisors Inc now owns 1,786 shares of the software company’s stock valued at $279,000 after buying an additional 459 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in Autodesk by 58.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock valued at $174,000 after buying an additional 489 shares during the last quarter. 95.65% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ADSK opened at $135.23 on Friday. Autodesk, Inc. has a fifty-two week low of $101.55 and a fifty-two week high of $159.94. The stock has a market cap of $27.54 billion, a P/E ratio of -84.52, a P/E/G ratio of 105.98 and a beta of 1.80.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Autodesk had a negative net margin of 18.52% and a negative return on equity of 3,087.49%. The business had revenue of $612.00 million for the quarter, compared to analysts’ expectations of $600.36 million. During the same period in the previous year, the business earned ($0.11) earnings per share. The company’s revenue was up 21.9% on a year-over-year basis. On average, research analysts predict that Autodesk, Inc. will post 0.05 EPS for the current year.
In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the business’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $149.77, for a total transaction of $149,770.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,009 shares of company stock worth $4,431,583. 0.14% of the stock is owned by company insiders.
A number of research firms have issued reports on ADSK. Barclays raised their target price on Autodesk from $152.00 to $166.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. KeyCorp raised their target price on Autodesk from $150.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, August 24th. Guggenheim reiterated a “neutral” rating and issued a $150.00 target price on shares of Autodesk in a research note on Wednesday, August 8th. Credit Suisse Group lifted their price objective on shares of Autodesk from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. Finally, Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $163.74.
Autodesk Company Profile
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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