Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,409 shares of the software company’s stock after selling 119 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Autodesk were worth $1,453,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of Autodesk by 488.2% in the 1st quarter. Russell Investments Group Ltd. now owns 47,357 shares of the software company’s stock valued at $4,095,000 after purchasing an additional 39,306 shares during the last quarter. Tyers Asset Management LLC increased its stake in shares of Autodesk by 0.7% in the 1st quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock valued at $386,000 after purchasing an additional 32 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Autodesk by 47.5% in the 1st quarter. Advisors Asset Management Inc. now owns 20,223 shares of the software company’s stock valued at $1,749,000 after purchasing an additional 6,512 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Autodesk by 83.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,779 shares of the software company’s stock valued at $1,844,000 after acquiring an additional 9,460 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Autodesk by 59.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,350 shares of the software company’s stock valued at $722,000 after acquiring an additional 3,100 shares in the last quarter. Institutional investors own 94.78% of the company’s stock.
In other Autodesk news, Director Carl Bass sold 42,297 shares of Autodesk stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $101.72, for a total transaction of $4,302,450.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Betsy Rafael sold 2,354 shares of Autodesk stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,986 shares of company stock valued at $14,061,542. 6.10% of the stock is owned by company insiders.
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Autodesk, Inc. (NASDAQ ADSK) traded down 1.16% on Friday, reaching $114.13. The company had a trading volume of 6,232,568 shares. The stock’s 50 day moving average price is $111.40 and its 200-day moving average price is $100.87. The stock’s market capitalization is $25.02 billion. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $119.73.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. Equities analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Evercore ISI reissued an “outperform” rating and issued a $135.00 price objective on shares of Autodesk in a research report on Friday, August 25th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Sanford C. Bernstein initiated coverage on Autodesk in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 target price for the company. Finally, Berenberg Bank started coverage on Autodesk in a research report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and a consensus price target of $116.35.
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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