Mitsubishi UFJ Trust & Banking Corp Has $40.37 Million Stake in Autodesk, Inc. (ADSK)
Mitsubishi UFJ Trust & Banking Corp lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,388 shares of the software company’s stock after selling 3,686 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.18% of Autodesk worth $40,367,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. British Columbia Investment Management Corp raised its position in shares of Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock valued at $9,697,000 after buying an additional 11,871 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Autodesk during the first quarter valued at about $656,000. Bank of Nova Scotia raised its position in shares of Autodesk by 931.6% in the first quarter. Bank of Nova Scotia now owns 44,700 shares of the software company’s stock valued at $3,865,000 after buying an additional 40,367 shares in the last quarter. Private Asset Management Inc. raised its position in shares of Autodesk by 1.6% in the second quarter. Private Asset Management Inc. now owns 36,782 shares of the software company’s stock valued at $3,708,000 after buying an additional 570 shares in the last quarter. Finally, Glaxis Capital Management LLC bought a new position in shares of Autodesk during the second quarter valued at about $2,189,000. 94.26% of the stock is owned by institutional investors and hedge funds.
Autodesk, Inc. (ADSK) opened at 111.27 on Wednesday. The firm’s market cap is $24.42 billion. The firm’s 50-day moving average price is $109.09 and its 200-day moving average price is $97.98. Autodesk, Inc. has a 1-year low of $65.06 and a 1-year high of $119.73.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million during the quarter, compared to analyst estimates 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 was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 EPS. Equities research analysts anticipate that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
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Several research analysts recently issued reports on ADSK shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Autodesk in a research report on Thursday, July 6th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Autodesk in a research report on Sunday, May 21st. TheStreet lowered Autodesk from a “c-” rating to a “d” rating in a research report on Thursday, May 18th. Finally, OTR Global lowered Autodesk to a “positive” rating in a research report on Wednesday, August 9th. One 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.35.
In related news, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul D. Underwood sold 6,490 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $111.93, for a total transaction of $726,425.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,709 shares of company stock valued at $20,296,742. 6.10% of the stock is currently owned by company 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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