United Capital Financial Advisers LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,895 shares of the software company’s stock after purchasing an additional 199 shares during the period. United Capital Financial Advisers LLC’s holdings in Autodesk were worth $3,404,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC boosted its stake in shares of Autodesk by 2.2% in the 1st quarter. FMR LLC now owns 9,039,419 shares of the software company’s stock worth $1,408,523,000 after buying an additional 190,871 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Autodesk by 13.9% in the 2nd quarter. Brown Advisory Inc. now owns 3,152,280 shares of the software company’s stock worth $513,507,000 after buying an additional 384,266 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Autodesk by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 2,869,972 shares of the software company’s stock worth $368,471,000 after buying an additional 214,397 shares during the last quarter. Egerton Capital UK LLP boosted its stake in shares of Autodesk by 21.7% in the 2nd quarter. Egerton Capital UK LLP now owns 2,712,880 shares of the software company’s stock worth $441,928,000 after buying an additional 484,101 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Autodesk by 3.7% in the 2nd quarter. Northern Trust Corp now owns 2,709,360 shares of the software company’s stock worth $441,355,000 after buying an additional 96,683 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
NASDAQ ADSK traded down $0.82 on Tuesday, hitting $153.05. 50,162 shares of the company traded hands, compared to its average volume of 3,210,820. The company has a market capitalization of $33.64 billion, a price-to-earnings ratio of 1,389.18, a P/E/G ratio of 2.68 and a beta of 1.84. The business’s 50 day moving average price is $148.44 and its 200-day moving average price is $161.51. Autodesk, Inc. has a 52-week low of $117.72 and a 52-week high of $178.95.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, August 27th. The software company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.04). The business had revenue of $796.80 million for the quarter, compared to the consensus estimate of $788.00 million. Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. Autodesk’s revenue was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. As a group, analysts anticipate that Autodesk, Inc. will post 1.51 EPS for the current year.
A number of equities analysts have recently issued reports on ADSK shares. Deutsche Bank downgraded Autodesk from a “buy” rating to a “hold” rating and dropped their price target for the stock from $180.00 to $165.00 in a research note on Thursday, August 15th. Credit Suisse Group restated an “outperform” rating and issued a $175.00 price target (down from $188.00) on shares of Autodesk in a research note on Wednesday, August 28th. Stifel Nicolaus dropped their price target on Autodesk from $185.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. Royal Bank of Canada dropped their price target on Autodesk to $175.00 and set a “positive” rating on the stock in a research note on Wednesday, August 28th. Finally, Evercore ISI restated a “buy” rating and issued a $190.00 price target on shares of Autodesk in a research note on Sunday, September 8th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Autodesk has a consensus rating of “Buy” and an average target price of $169.48.
In other Autodesk news, CAO Stephen W. Hope sold 263 shares of the firm’s stock in a transaction dated 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 link. Also, CEO Andrew Anagnost sold 2,434 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $169.47, for a total value of $412,489.98. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.
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; 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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