Fiduciary Trust Co. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,637 shares of the software company’s stock after selling 863 shares during the quarter. Fiduciary Trust Co.’s holdings in Autodesk were worth $770,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Autodesk during the 2nd quarter valued at $24,936,000. Atlantic Trust Group LLC bought a new stake in Autodesk during the 2nd quarter valued at $1,825,000. Banque Pictet & Cie SA bought a new stake in Autodesk during the 2nd quarter valued at $403,000. State of Tennessee Treasury Department raised its holdings in Autodesk by 36.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 73,047 shares of the software company’s stock valued at $7,364,000 after buying an additional 19,558 shares during the last quarter. Finally, Sawtooth Solutions LLC bought a new stake in Autodesk during the 2nd quarter valued at $226,000. Hedge funds and other institutional investors own 94.78% of the company’s stock.
A number of equities research analysts recently commented on ADSK shares. Evercore ISI reiterated an “outperform” rating and set a $115.00 price target on shares of Autodesk in a report on Wednesday, June 21st. Cowen and Company reiterated a “buy” rating and set a $115.00 price target on shares of Autodesk in a report on Friday, August 18th. Berenberg Bank assumed coverage on shares of Autodesk in a report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price target for the company. Canaccord Genuity restated a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. Finally, BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $116.35.
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In other news, Director Betsy Rafael sold 2,354 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total transaction of $250,088.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold 135,986 shares of company stock worth $14,061,542 in the last quarter. 6.10% of the stock is owned by insiders.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded down 0.89% during mid-day trading on Friday, reaching $114.44. 1,064,516 shares of the company traded hands. The firm has a 50 day moving average of $111.32 and a 200-day moving average of $100.68. Autodesk, Inc. has a 52 week low of $66.36 and a 52 week high of $119.73. The stock’s market capitalization is $25.08 billion.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The firm’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts expect that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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