9,035 Shares in Autodesk Inc. (ADSK) Acquired by Emerald Acquisition Ltd.
Emerald Acquisition Ltd. purchased a new position in Autodesk Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,035 shares of the software company’s stock, valued at approximately $489,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute bought a new stake in Autodesk during the second quarter valued at approximately $113,000. New Mexico Educational Retirement Board increased its stake in Autodesk by 4.4% in the second quarter. New Mexico Educational Retirement Board now owns 26,157 shares of the software company’s stock valued at $1,416,000 after buying an additional 1,100 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in Autodesk by 5.8% in the second quarter. Mutual of America Capital Management LLC now owns 26,117 shares of the software company’s stock valued at $1,414,000 after buying an additional 1,431 shares during the last quarter. State Treasurer State of Michigan increased its stake in Autodesk by 0.6% in the second quarter. State Treasurer State of Michigan now owns 78,032 shares of the software company’s stock valued at $4,225,000 after buying an additional 500 shares during the last quarter. Finally, Suntrust Banks Inc. increased its stake in Autodesk by 14.3% in the second quarter. Suntrust Banks Inc. now owns 10,532 shares of the software company’s stock valued at $568,000 after buying an additional 1,319 shares during the last quarter. 97.07% of the stock is owned by hedge funds and other institutional investors.
Autodesk Inc. (NASDAQ:ADSK) traded up 0.64% on Wednesday, reaching $70.58. The company’s stock had a trading volume of 175,933 shares. The stock’s 50 day moving average price is $69.67 and its 200 day moving average price is $61.33. Autodesk Inc. has a 52-week low of $41.60 and a 52-week high of $73.40. The firm’s market cap is $15.66 billion.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. Autodesk had a negative return on equity of 5.95% and a negative net margin of 15.05%. The firm had revenue of $550.70 million for the quarter, compared to analysts’ expectations of $511.49 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities research analysts expect that Autodesk Inc. will post ($0.60) earnings per share for the current fiscal year.
Several research firms have recently commented on ADSK. Citigroup Inc. set a $65.00 price objective on Autodesk and gave the company a “hold” rating in a report on Sunday, August 28th. Cowen and Company increased their price objective on Autodesk from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Wedbush increased their price objective on Autodesk to $60.00 and gave the company a “neutral” rating in a report on Friday, August 26th. Robert W. Baird raised their price target on Autodesk from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Finally, Pacific Crest reaffirmed an “equal weight” rating and set a $81.00 price target on shares of Autodesk in a report on Tuesday, July 12th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.53.
In related news, SVP Fronzo Pascal W. Di sold 5,109 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $60.87, for a total transaction of $310,984.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Andrew Anagnost sold 4,525 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $70.00, for a total value of $316,750.00. The disclosure for this sale can be found here. Insiders own 6.20% of the company’s stock.
Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
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