Vestmark Advisory Solutions Inc. bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, HoldingsChannel.com reports. The fund bought 24,191 shares of the software company’s stock, valued at approximately $3,769,000. Autodesk accounts for approximately 0.7% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 25th largest position.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc raised its stake in Autodesk by 0.6% in the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock valued at $3,565,439,000 after purchasing an additional 128,028 shares in the last quarter. BlackRock Inc. raised its stake in shares of Autodesk by 0.8% during the fourth quarter. BlackRock Inc. now owns 17,305,793 shares of the software company’s stock worth $2,225,700,000 after acquiring an additional 132,973 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Autodesk by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock worth $368,471,000 after acquiring an additional 214,397 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Autodesk by 7.0% during the fourth quarter. Brown Advisory Inc. now owns 2,773,645 shares of the software company’s stock worth $356,718,000 after acquiring an additional 182,278 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Autodesk by 0.6% during the first quarter. Northern Trust Corp now owns 2,612,677 shares of the software company’s stock worth $407,106,000 after acquiring an additional 14,972 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ ADSK traded down $4.16 during mid-day trading on Friday, hitting $158.16. The stock had a trading volume of 1,571,945 shares, compared to its average volume of 1,820,643. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95. The company has a market cap of $34.74 billion, a price-to-earnings ratio of 1,437.82, a PEG ratio of 2.49 and a beta of 1.92.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, May 23rd. The software company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The firm had revenue of $735.50 million during the quarter, compared to analysts’ expectations of $740.14 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 1.67 EPS for the current year.
In related news, SVP Fronzo Pascal W. Di sold 11,437 shares of Autodesk stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $166.86, for a total value of $1,908,377.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Andrew Anagnost sold 10,023 shares of Autodesk stock in a transaction on Friday, March 29th. The stock was sold at an average price of $154.67, for a total transaction of $1,550,257.41. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,598 shares of company stock worth $6,673,861. 0.12% of the stock is owned by insiders.
ADSK has been the topic of several research reports. Deutsche Bank lifted their price target on shares of Autodesk to $180.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Royal Bank of Canada lifted their price target on shares of Autodesk from $163.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Zacks Investment Research downgraded shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. KeyCorp lifted their price target on shares of Autodesk from $168.00 to $184.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Canaccord Genuity lifted their price target on shares of Autodesk from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus price target of $172.31.
WARNING: This story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2019/06/16/24191-shares-in-autodesk-inc-nasdaqadsk-purchased-by-vestmark-advisory-solutions-inc.html.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
Featured Article: What are convertible shares?
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.