Autodesk, Inc. (ADSK) Shares Bought by Nationwide Fund Advisors
Nationwide Fund Advisors lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 404,441 shares of the software company’s stock after buying an additional 28,040 shares during the period. Nationwide Fund Advisors owned about 0.18% of Autodesk worth $45,403,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ADSK. Parallel Advisors LLC increased its holdings in 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 purchasing an additional 44 shares during the period. Harfst & Associates Inc. acquired a new stake in Autodesk in the second quarter valued at $150,000. IFP Advisors Inc increased its holdings in 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 purchasing an additional 145 shares during the period. Kanawha Capital Management LLC acquired a new stake in Autodesk in the second quarter valued at $202,000. Finally, First Personal Financial Services increased its holdings in 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 purchasing an additional 1,801 shares during the period. Institutional investors own 94.67% of the company’s stock.
A number of analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $138.00 price objective (up from $137.00) on shares of Autodesk in a report on Friday, August 11th. Wells Fargo & Company increased their price objective on Autodesk from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. KeyCorp restated an “overweight” rating and issued a $136.00 price objective (up from $127.00) on shares of Autodesk in a report on Thursday, November 16th. Barclays PLC restated an “overweight” rating and issued a $135.00 price objective (up from $125.00) on shares of Autodesk in a report on Tuesday. Finally, BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $126.90.
In related news, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total value of $2,705,970.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,789 shares of company stock worth $9,189,363. 6.10% of the stock is owned by insiders.
Autodesk, Inc. (ADSK) opened at $127.77 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk, Inc. has a 1 year low of $68.06 and a 1 year high of $128.68.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. equities analysts expect that Autodesk, Inc. will post -1.38 earnings per share for the current year.
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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