Toronto Dominion Bank lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,411 shares of the software company’s stock after selling 8,358 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Autodesk worth $21,890,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Berkeley Capital Partners LLC raised its holdings in Autodesk by 1.8% during the 2nd quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock worth $622,000 after purchasing an additional 69 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Autodesk by 1.5% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,866,083 shares of the software company’s stock worth $290,773,000 after purchasing an additional 28,355 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Autodesk by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 49,570 shares of the software company’s stock worth $7,725,000 after purchasing an additional 6,006 shares during the last quarter. BB&T Securities LLC raised its holdings in Autodesk by 6.7% during the 2nd quarter. BB&T Securities LLC now owns 59,883 shares of the software company’s stock worth $9,755,000 after purchasing an additional 3,742 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Autodesk by 2.6% during the 1st quarter. Swiss National Bank now owns 729,699 shares of the software company’s stock worth $113,702,000 after purchasing an additional 18,500 shares during the last quarter. Institutional investors and hedge funds own 93.38% of the company’s stock.
Several analysts have recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $149.00 price objective (down previously from $164.00) on shares of Autodesk in a research report on Monday, August 26th. Griffin Securities reduced their price objective on shares of Autodesk from $193.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Deutsche Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $180.00 to $165.00 in a research report on Thursday, August 15th. KeyCorp reaffirmed an “overweight” rating and set a $184.00 price objective (down previously from $196.00) on shares of Autodesk in a research report on Wednesday, August 28th. Finally, ValuEngine raised shares of Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Autodesk has a consensus rating of “Buy” and a consensus price target of $169.48.
In other news, CAO Stephen W. Hope sold 263 shares of Autodesk stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.02, for a total transaction of $39,718.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Betsy Rafael sold 2,039 shares of Autodesk stock in a transaction on Monday, June 17th. The stock was sold at an average price of $157.83, for a total value of $321,815.37. The disclosure for this sale can be found here. Insiders have sold a total of 4,736 shares of company stock worth $774,024 over the last ninety days. Insiders own 0.12% of the company’s stock.
ADSK traded down $0.86 during mid-day trading on Friday, reaching $154.83. 51,180 shares of the stock were exchanged, compared to its average volume of 3,139,753. The stock has a market capitalization of $32.51 billion, a PE ratio of 1,407.27, a price-to-earnings-growth ratio of 2.58 and a beta of 1.84. The company has a 50 day moving average price of $149.71 and a two-hundred day moving average price of $161.69. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The firm had revenue of $796.80 million for the quarter, compared to analysts’ expectations of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. Autodesk’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities research analysts expect that Autodesk, Inc. will post 1.51 earnings per share for the current fiscal year.
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.
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