World Asset Management Inc raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,702 shares of the software company’s stock after buying an additional 1,969 shares during the period. World Asset Management Inc owned about 9,444.77% of Autodesk worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in shares of Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares in the last quarter. Cable Hill Partners LLC lifted its stake in shares of Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after buying an additional 949 shares in the last quarter. Harfst & Associates Inc. bought a new position in shares of Autodesk in the second quarter valued at $150,000. IFP Advisors Inc lifted its stake in shares of Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after buying an additional 145 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in shares of Autodesk in the third quarter valued at $216,000. 94.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Fronzo Pascal W. Di sold 580 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is owned by corporate insiders.
A number of research firms recently weighed in on ADSK. Evercore ISI set a $135.00 price target on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Autodesk in a research report on Friday, October 6th. Robert W. Baird set a $125.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research report on Sunday, October 1st. Cowen and Company lifted their price objective on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, August 25th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Autodesk in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $118.26.
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Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up $0.40 during trading hours on Friday, reaching $122.80. 108,074 shares of the company traded hands, compared to its average volume of 2,007,227. Autodesk, Inc. has a 12 month low of $68.06 and a 12 month high of $126.44. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. Autodesk’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 earnings per share. equities research analysts anticipate that Autodesk, Inc. will post -1.38 earnings per share for the current 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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