Profund Advisors LLC Has $1.82 Million Holdings in Autodesk, Inc. (ADSK)
Profund Advisors LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,998 shares of the software company’s stock after purchasing an additional 887 shares during the quarter. Profund Advisors LLC’s holdings in Autodesk were worth $1,815,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of ADSK. BlackRock Inc. increased its holdings in Autodesk by 3,291.0% during the 1st quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after purchasing an additional 14,810,994 shares during the last quarter. FMR LLC increased its holdings in Autodesk by 13.9% during the 1st quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after purchasing an additional 3,698,259 shares during the last quarter. Wellington Management Group LLP increased its holdings in Autodesk by 104.4% during the 1st quarter. Wellington Management Group LLP now owns 4,725,602 shares of the software company’s stock worth $408,622,000 after purchasing an additional 2,413,134 shares during the last quarter. Sustainable Growth Advisers LP purchased a new stake in Autodesk during the 2nd quarter worth approximately $208,956,000. Finally, Neuberger Berman Group LLC increased its holdings in Autodesk by 979.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 978,964 shares of the software company’s stock worth $98,699,000 after purchasing an additional 888,233 shares during the last quarter. Institutional investors own 94.77% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ ADSK) traded up 0.0834% on Monday, reaching $114.2252. The company’s stock had a trading volume of 146,773 shares. The stock’s market capitalization is $25.04 billion. Autodesk, Inc. has a 52 week low of $66.36 and a 52 week high of $119.73. The stock has a 50-day moving average of $111.40 and a 200 day moving average of $100.87.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Zacks’ 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 return on equity of 60.14% and a negative net margin of 30.01%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. On average, analysts expect that Autodesk, Inc. will post ($0.54) EPS for the current year.
Several equities research analysts have issued reports on the company. Sanford C. Bernstein restated an “outperform” rating and set a $138.00 price objective (up from $137.00) on shares of Autodesk in a report on Friday, August 11th. BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Cowen and Company restated a “buy” rating and set a $115.00 price objective on shares of Autodesk in a report on Friday, August 18th. Barclays PLC lifted their price objective on Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, KeyCorp lifted their price objective on Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Autodesk currently has a consensus rating of “Buy” and an average price target of $116.35.
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In related news, Director Carl Bass sold 42,297 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $101.72, for a total transaction of $4,302,450.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. In the last three months, insiders sold 135,986 shares of company stock worth $14,061,542. 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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