Autodesk, Inc. (ADSK) Stake Lowered by Exxonmobil Investment Management Inc. TX
Exxonmobil Investment Management Inc. TX cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,237 shares of the software company’s stock after selling 6,254 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Autodesk were worth $3,754,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Planning increased its position in shares of Autodesk by 18.8% in the first quarter. Creative Planning now owns 6,108 shares of the software company’s stock worth $528,000 after buying an additional 968 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Autodesk by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 168,834 shares of the software company’s stock worth $14,599,000 after buying an additional 5,180 shares in the last quarter. Private Asset Management Inc. increased its position in shares of Autodesk by 13.2% in the first quarter. Private Asset Management Inc. now owns 36,212 shares of the software company’s stock worth $3,131,000 after buying an additional 4,217 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Autodesk by 4,046.3% in the fourth quarter. Macquarie Group Ltd. now owns 49,755 shares of the software company’s stock worth $3,682,000 after buying an additional 48,555 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Autodesk during the fourth quarter worth about $469,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.
Autodesk, Inc. (ADSK) traded down 1.34% during midday trading on Tuesday, hitting $108.35. 1,224,209 shares of the stock traded hands. Autodesk, Inc. has a one year low of $58.78 and a one year high of $115.25. The stock’s market cap is $23.88 billion. The company has a 50-day moving average price of $106.91 and a 200 day moving average price of $95.00.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.08. The company had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS. Equities research analysts anticipate that Autodesk, Inc. will post ($0.57) earnings per share for the current year.
A number of brokerages recently issued reports on ADSK. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Sanford C. Bernstein started coverage on Autodesk in a research report on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 price target on the stock. Evercore ISI reiterated an “outperform” rating and set a $115.00 target price on shares of Autodesk in a research note on Thursday, May 25th. TheStreet lowered Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $120.00 price target (up previously from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $104.50.
In related news, SVP Steven M. Blum sold 6,638 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total value of $748,168.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carl Bass sold 13,377 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $99.95, for a total transaction of $1,337,031.15. The disclosure for this sale can be found here. Insiders sold a total of 170,570 shares of company stock worth $17,865,037 over the last ninety days. Insiders own 6.10% of the company’s stock.
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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