Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Tokio Marine Asset Management Co. Ltd.
Tokio Marine Asset Management Co. Ltd. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 93.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,518 shares of the software company’s stock after selling 38,720 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Autodesk were worth $254,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ADSK. Mn Services Vermogensbeheer B.V. raised its stake in shares of Autodesk by 3.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,326 shares of the software company’s stock valued at $431,000 after buying an additional 165 shares during the period. Nationwide Fund Advisors raised its stake in Autodesk by 3.0% in the first quarter. Nationwide Fund Advisors now owns 106,476 shares of the software company’s stock worth $9,207,000 after buying an additional 3,082 shares during the last quarter. Candriam Luxembourg S.C.A. raised its stake in Autodesk by 37.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 12,328 shares of the software company’s stock worth $1,066,000 after buying an additional 3,339 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Autodesk during the first quarter worth about $257,000. Finally, DnB Asset Management AS raised its stake in Autodesk by 8.2% in the first quarter. DnB Asset Management AS now owns 19,828 shares of the software company’s stock worth $1,715,000 after buying an additional 1,500 shares during the last quarter. 97.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Autodesk, Inc. (ADSK) opened at 108.39 on Monday. The stock’s 50 day moving average price is $106.74 and its 200-day moving average price is $94.70. The firm’s market capitalization is $23.89 billion. Autodesk, Inc. has a 12-month low of $58.25 and a 12-month high of $115.25.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. Autodesk’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, equities analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current year.
ADSK has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Autodesk in a research note on Thursday, July 6th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Autodesk in a research note on Sunday, May 21st. Morgan Stanley raised Autodesk from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $69.00 to $115.00 in a research note on Monday, May 1st. Finally, TheStreet lowered Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $104.50.
In other news, Director Carl Bass sold 13,377 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $99.95, for a total transaction of $1,337,031.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jan Becker sold 2,865 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $95.73, for a total transaction of $274,266.45. The disclosure for this sale can be found here. Insiders sold a total of 170,570 shares of company stock worth $17,865,037 in the last quarter. Insiders own 6.10% of the company’s stock.
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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