Soma Equity Partners LP decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 16.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 500,000 shares of the software company’s stock after selling 100,000 shares during the period. Autodesk accounts for 10.0% of Soma Equity Partners LP’s investment portfolio, making the stock its 5th biggest holding. Soma Equity Partners LP’s holdings in Autodesk were worth $78,055,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $104,000. First Bank & Trust bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $149,000. Bank of Stockton bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $205,000. Bronfman E.L. Rothschild L.P. grew its position in shares of Autodesk by 58.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock valued at $174,000 after acquiring an additional 489 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new position in shares of Autodesk during the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction that occurred on 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. Corporate insiders own 0.14% of the company’s stock.
NASDAQ ADSK traded down $1.24 on Thursday, hitting $138.60. The stock had a trading volume of 13,921 shares, compared to its average volume of 2,537,207. Autodesk, Inc. has a 52-week low of $101.55 and a 52-week high of $159.94. The stock has a market capitalization of $30.57 billion, a PE ratio of -86.44, a P/E/G ratio of 41.46 and a beta of 1.96.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Autodesk had a negative net margin of 13.37% and a negative return on equity of 3,087.49%. The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $641.07 million. During the same period in the prior year, the company posted ($0.12) EPS. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post 0.09 EPS for the current fiscal year.
A number of research firms have recently weighed in on ADSK. CIBC increased their target price on shares of Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 24th. Oppenheimer raised their price objective on shares of Autodesk from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. BidaskClub raised shares of Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Zacks Investment Research downgraded shares of Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Finally, Credit Suisse Group raised their price objective on shares of Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $160.63.
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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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