11,461 Shares in Autodesk, Inc. (ADSK) Acquired by Natixis Asset Management
Natixis Asset Management bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,461 shares of the software company’s stock, valued at approximately $829,000.
Other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in Autodesk by 1,177.2% in the second quarter. Bessemer Group Inc. now owns 2,350 shares of the software company’s stock valued at $127,000 after buying an additional 2,166 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Autodesk by 27.9% in the second quarter. Meeder Asset Management Inc. now owns 2,396 shares of the software company’s stock valued at $130,000 after buying an additional 522 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised its stake in Autodesk by 71.8% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,761 shares of the software company’s stock valued at $149,000 after buying an additional 1,154 shares in the last quarter. Logan Capital Management Inc. purchased a new stake in Autodesk during the third quarter valued at about $217,000. Finally, RMB Capital Management LLC purchased a new stake in Autodesk during the third quarter valued at about $219,000. 95.53% of the stock is currently owned by institutional investors.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.83% during midday trading on Friday, reaching $81.32. The company had a trading volume of 1,667,539 shares. The firm’s market cap is $18.10 billion. Autodesk, Inc. has a 52-week low of $41.60 and a 52-week high of $83.08. The company’s 50-day moving average is $76.07 and its 200-day moving average is $67.76.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 29th. The software company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.06. Autodesk had a negative return on equity of 13.74% and a negative net margin of 20.30%. The company had revenue of $489.60 million for the quarter. During the same period in the previous year, the company posted $0.14 EPS. Autodesk’s revenue for the quarter was down 18.4% compared to the same quarter last year. Equities research analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current fiscal year.
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A number of brokerages recently commented on ADSK. Zacks Investment Research upgraded Autodesk from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, October 4th. Bank of America restated a “sell” rating on shares of Autodesk in a research note on Thursday, November 17th. Wedbush upped their price objective on Autodesk to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 22nd. Barclays PLC restated an “overweight” rating and set a $81.00 price objective (up from $75.00) on shares of Autodesk in a research note on Tuesday, November 22nd. Finally, Pacific Crest restated an “overweight” rating and set a $81.00 price objective on shares of Autodesk in a research note on Wednesday, November 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $73.15.
In other Autodesk news, SVP Jan Becker sold 17,363 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $71.48, for a total transaction of $1,241,107.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl Bass sold 100,000 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $79.84, for a total value of $7,984,000.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.
Autodesk Company Profile
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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