Andra AP fonden Buys 1,500 Shares of Autodesk, Inc. (ADSK)
Andra AP fonden increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,100 shares of the software company’s stock after buying an additional 1,500 shares during the period. Andra AP fonden’s holdings in Autodesk were worth $2,531,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC increased 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 during the last quarter. IFP Advisors Inc increased 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 during the last quarter. Kanawha Capital Management LLC bought a new stake in shares of Autodesk during the second quarter valued at $202,000. First Personal Financial Services increased its stake in shares of Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after buying an additional 1,801 shares during the last quarter. Finally, Sigma Investment Counselors Inc. bought a new stake in shares of Autodesk during the second quarter valued at $208,000. Hedge funds and other institutional investors own 94.26% of the company’s stock.
Shares of Autodesk, Inc. (ADSK) opened at 113.71 on Friday. The firm has a 50-day moving average price of $110.18 and a 200 day moving average price of $99.02. Autodesk, Inc. has a 12-month low of $65.06 and a 12-month high of $119.73. The company’s market capitalization is $24.96 billion.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, equities research analysts predict that Autodesk, Inc. will post ($0.53) earnings per share for the current year.
Several brokerages have weighed in on ADSK. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Royal Bank Of Canada boosted their target price on Autodesk from $87.00 to $95.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 17th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. KeyCorp boosted their target price on Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. Finally, Wedbush reissued an “outperform” rating and set a $125.00 target price (up from $120.00) on shares of Autodesk in a research note on Friday, May 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk has an average rating of “Buy” and a consensus target price of $116.35.
In other Autodesk news, Director Carl Bass sold 13,377 shares of Autodesk stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $99.95, for a total transaction of $1,337,031.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Scott Herren sold 35,595 shares of Autodesk stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $111.84, for a total value of $3,980,944.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,071 shares of company stock worth $19,548,573. 6.10% of the stock is 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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