Autodesk, Inc. (ADSK) Shares Bought by Brinker Capital Inc.
Brinker Capital Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% during the 1st quarter, Holdings Channel reports. The firm owned 61,604 shares of the software company’s stock after purchasing an additional 1,811 shares during the period. Brinker Capital Inc.’s holdings in Autodesk were worth $9,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. L & S Advisors Inc lifted its stake in Autodesk by 1.3% during the fourth quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock worth $717,000 after purchasing an additional 70 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Autodesk by 3.5% during the fourth quarter. Commonwealth Bank of Australia now owns 2,148 shares of the software company’s stock worth $274,000 after purchasing an additional 72 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Autodesk by 4.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,830 shares of the software company’s stock worth $235,000 after purchasing an additional 81 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in Autodesk by 27.7% during the fourth quarter. Mosaic Family Wealth LLC now owns 373 shares of the software company’s stock worth $48,000 after purchasing an additional 81 shares during the last quarter. Finally, Alpha Windward LLC lifted its stake in Autodesk by 11.5% during the fourth quarter. Alpha Windward LLC now owns 792 shares of the software company’s stock worth $102,000 after purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.
Several brokerages recently issued reports on ADSK. Zacks Investment Research upgraded Autodesk from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. KeyCorp began coverage on Autodesk in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $196.00 target price on the stock. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI reaffirmed a “buy” rating on shares of Autodesk in a research report on Thursday, April 18th. Finally, Mizuho began coverage on Autodesk in a research report on Thursday, April 11th. They issued a “buy” rating and a $200.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $172.72.
Shares of ADSK traded up $2.51 during trading hours on Tuesday, reaching $174.66. 417,357 shares of the company’s stock traded hands, compared to its average volume of 1,809,767. The firm has a market capitalization of $38.27 billion, a price-to-earnings ratio of 1,587.82, a price-to-earnings-growth ratio of 2.52 and a beta of 1.92. Autodesk, Inc. has a twelve month low of $117.72 and a twelve month high of $174.40.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $707.09 million. During the same period last year, the business posted ($0.09) earnings per share. On average, research analysts expect that Autodesk, Inc. will post 1.76 earnings per share for the current fiscal year.
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Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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