Twin Tree Management LP Has $6.76 Million Stake in Autodesk, Inc. (ADSK)
Twin Tree Management LP decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,044 shares of the software company’s stock after selling 3,467 shares during the period. Twin Tree Management LP’s holdings in Autodesk were worth $6,759,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in ADSK. BlackRock Inc. grew its holdings in shares of Autodesk by 3,291.0% in the 1st quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock valued at $1,319,622,000 after acquiring an additional 14,810,994 shares in the last quarter. FMR LLC grew its holdings in shares of Autodesk by 13.9% in the 1st quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock valued at $2,617,565,000 after acquiring an additional 3,698,259 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Autodesk by 104.4% in the 1st quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock valued at $408,622,000 after acquiring an additional 2,413,134 shares in the last quarter. Sustainable Growth Advisers LP bought a new position in shares of Autodesk in the 2nd quarter valued at about $208,956,000. Finally, Neuberger Berman Group LLC grew its holdings in shares of Autodesk by 979.0% in the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock valued at $98,699,000 after acquiring an additional 888,233 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.
In related news, Director Betsy Rafael sold 2,354 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total value of $250,088.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carl Bass sold 27,201 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $101.73, for a total transaction of $2,767,157.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,986 shares of company stock worth $14,061,542. 6.10% of the stock is owned by insiders.
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Autodesk, Inc. (NASDAQ ADSK) traded up 0.12% during midday trading on Thursday, hitting $113.93. 440,580 shares of the stock were exchanged. The firm’s 50-day moving average price is $110.59 and its 200 day moving average price is $99.64. Autodesk, Inc. has a 1-year low of $65.06 and a 1-year high of $119.73. The firm’s market capitalization is $25.01 billion.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for 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 period in the previous year, the firm earned $0.05 EPS. Analysts expect that Autodesk, Inc. will post ($0.55) earnings per share for the current fiscal year.
A number of equities analysts recently commented on ADSK shares. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Evercore ISI reiterated an “outperform” rating and set a $135.00 price target on shares of Autodesk in a report on Friday, August 25th. 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 report on Wednesday, May 24th. They set an “outperform” rating and a $137.00 price target for the company. Finally, Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $116.35.
Autodesk Company Profile
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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