Hanseatic Management Services Inc. Increases Holdings in Autodesk, Inc. (ADSK)
Hanseatic Management Services Inc. raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,616 shares of the software company’s stock after buying an additional 818 shares during the quarter. Hanseatic Management Services Inc.’s holdings in Autodesk were worth $969,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in Autodesk by 4.2% during 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 in the last quarter. IFP Advisors Inc raised its stake in Autodesk by 9.3% during 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 in the last quarter. Kanawha Capital Management LLC acquired a new stake in Autodesk during the second quarter valued at approximately $202,000. First Personal Financial Services raised its stake in Autodesk by 896.0% during 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 in the last quarter. Finally, Sigma Investment Counselors Inc. acquired a new stake in Autodesk during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 94.77% of the company’s stock.
In related news, insider Andrew Anagnost sold 24,004 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $112.73, for a total value of $2,705,970.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carl Bass sold 27,201 shares of the business’s stock in a transaction that occurred on 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. Insiders sold a total of 137,486 shares of company stock valued at $14,230,772 in the last 90 days. 6.10% of the stock is currently owned by corporate insiders.
Shares of Autodesk, Inc. (ADSK) traded down 0.45% during trading on Friday, reaching $111.78. The company’s stock had a trading volume of 1,085,041 shares. Autodesk, Inc. has a 12 month low of $66.36 and a 12 month high of $119.73. The company’s 50-day moving average is $111.53 and its 200-day moving average is $101.45. The company’s market capitalization is $24.50 billion.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Autodesk’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
Several analysts have issued reports on the company. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. KeyCorp increased their price target on Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Canaccord Genuity reiterated a “buy” rating and set a $120.00 price target on shares of Autodesk in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Autodesk in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Autodesk presently has an average rating of “Buy” and an average 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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