Livforsakringsbolaget Skandia Omsesidigt maintained its stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,785 shares of the software company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Autodesk were worth $382,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in ADSK. NBT Bank N A NY acquired a new position in shares of Autodesk during the first quarter worth about $210,000. Venturi Wealth Management LLC acquired a new position in shares of Autodesk during the first quarter worth about $211,000. Joel Isaacson & Co. LLC acquired a new position in shares of Autodesk during the first quarter worth about $216,000. Segall Bryant & Hamill LLC acquired a new position in shares of Autodesk during the first quarter worth about $225,000. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Autodesk during the first quarter worth about $230,000. 97.90% of the stock is currently owned by hedge funds and other institutional investors.
Autodesk, Inc. (ADSK) traded down 1.34% during mid-day trading on Tuesday, hitting $108.35. The company had a trading volume of 1,224,209 shares. Autodesk, Inc. has a 12 month low of $58.78 and a 12 month high of $115.25. The company has a 50-day moving average price of $106.91 and a 200 day moving average price of $95.00. The firm’s market capitalization is $23.88 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. Autodesk’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. Equities analysts forecast that Autodesk, Inc. will post ($0.57) EPS for the current fiscal year.
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A number of research analysts have recently issued reports on the company. Guggenheim assumed coverage on Autodesk in a report on Wednesday, April 12th. They set a “neutral” rating on the stock. Royal Bank Of Canada upped their price target on Autodesk from $87.00 to $95.00 and gave the company a “sector perform” rating in a report on Wednesday, May 17th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Autodesk in a report on Friday, May 19th. Finally, Evercore ISI reissued a “buy” rating and issued a $115.00 target price on shares of Autodesk in a report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $104.50.
In related news, Director Carl Bass sold 26,753 shares of the company’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $100.88, for a total value of $2,698,842.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul D. Underwood sold 6,490 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $111.93, for a total value of $726,425.70. The disclosure for this sale can be found here. Insiders sold a total of 170,570 shares of company stock valued at $17,865,037 in the last ninety days. 6.10% of the stock is currently owned by insiders.
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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