HBK Investments L P raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.8% during the fourth quarter, Holdings Channel reports. The fund owned 266,800 shares of the software company’s stock after acquiring an additional 17,100 shares during the quarter. HBK Investments L P’s holdings in Autodesk were worth $27,969,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ADSK. Cerebellum GP LLC bought a new position in Autodesk during the fourth quarter valued at $116,000. Exane Derivatives bought a new position in Autodesk during the fourth quarter valued at $199,000. Virtue Capital Management LLC bought a new position in Autodesk during the fourth quarter valued at $201,000. Cedar Capital LLC bought a new position in Autodesk during the third quarter valued at $207,000. Finally, Chilton Investment Co. LLC bought a new position in Autodesk during the fourth quarter valued at $210,000. Institutional investors and hedge funds own 95.18% of the company’s stock.
A number of research analysts have weighed in on ADSK shares. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research report on Wednesday, November 29th. Canaccord Genuity reiterated a “buy” rating and set a $140.00 price objective (up previously from $125.00) on shares of Autodesk in a research report on Thursday, November 16th. Royal Bank of Canada reiterated a “buy” rating on shares of Autodesk in a research report on Wednesday, November 15th. Guggenheim boosted their price objective on shares of Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Finally, Oppenheimer started coverage on shares of Autodesk in a research report on Friday, December 29th. They set an “outperform” rating and a $135.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $139.76.
In related news, Director Lorrie M. Norrington sold 6,005 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,510 shares of company stock valued at $1,453,509. 6.10% of the stock is owned by insiders.
Shares of Autodesk, Inc. (ADSK) opened at $139.36 on Monday. Autodesk, Inc. has a one year low of $82.70 and a one year high of $140.00. The company has a debt-to-equity ratio of -6.20, a current ratio of 0.88 and a quick ratio of 1.07.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The company had revenue of $554.00 million during the quarter, compared to analyst estimates of $544.74 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. analysts expect that Autodesk, Inc. will post 0.06 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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