US Bancorp DE grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,777 shares of the software company’s stock after acquiring an additional 1,358 shares during the period. US Bancorp DE’s holdings in Autodesk were worth $4,744,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. State of New Jersey Common Pension Fund D grew its holdings in Autodesk by 120.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 182,900 shares of the software company’s stock worth $22,969,000 after acquiring an additional 100,000 shares in the last quarter. State Treasurer State of Michigan grew its holdings in Autodesk by 0.9% during the 1st quarter. State Treasurer State of Michigan now owns 64,820 shares of the software company’s stock worth $8,140,000 after acquiring an additional 600 shares in the last quarter. Waratah Capital Advisors Ltd. acquired a new position in Autodesk during the 1st quarter worth $531,000. Stevens Capital Management LP acquired a new position in Autodesk during the 1st quarter worth $6,865,000. Finally, Thrivent Financial for Lutherans grew its holdings in Autodesk by 605.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 62,556 shares of the software company’s stock worth $7,855,000 after acquiring an additional 53,687 shares in the last quarter. 93.78% of the stock is owned by institutional investors.
In other Autodesk news, VP Paul D. Underwood sold 223 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $124.56, for a total transaction of $27,776.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the business’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 quarter, insiders sold 48,475 shares of company stock worth $6,094,232. 0.14% of the stock is currently owned by insiders.
ADSK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Wedbush restated a “neutral” rating and issued a $137.00 price target on shares of Autodesk in a research report on Friday. Deutsche Bank restated a “buy” rating and issued a $150.00 price target on shares of Autodesk in a research report on Monday, May 14th. Oppenheimer raised their price target on shares of Autodesk from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 7th. Finally, KeyCorp raised their price target on shares of Autodesk from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Autodesk has an average rating of “Buy” and a consensus target price of $149.63.
Shares of NASDAQ:ADSK opened at $138.92 on Friday. The stock has a market capitalization of $30.52 billion, a P/E ratio of -86.83 and a beta of 1.72. Autodesk, Inc. has a fifty-two week low of $99.22 and a fifty-two week high of $141.26. The company has a debt-to-equity ratio of -6.20, a quick ratio of 0.88 and a current ratio of 0.88.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, May 24th. The software company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The firm had revenue of $559.90 million for the quarter, compared to the consensus estimate of $558.49 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. Autodesk’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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