Autodesk, Inc. (ADSK) Stake Increased by Advisor Partners LLC
Advisor Partners LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 5,954 shares of the software company’s stock after buying an additional 315 shares during the period. Advisor Partners LLC’s holdings in Autodesk were worth $600,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in ADSK. FMR LLC boosted its stake in Autodesk by 13.9% in the first quarter. FMR LLC now owns 30,271,360 shares of the software company’s stock worth $2,617,565,000 after buying an additional 3,698,259 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Autodesk by 3.3% in the first quarter. Vanguard Group Inc. now owns 19,951,299 shares of the software company’s stock worth $1,725,188,000 after buying an additional 633,999 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Autodesk by 3,291.0% in the first quarter. BlackRock Inc. now owns 15,261,046 shares of the software company’s stock worth $1,319,622,000 after buying an additional 14,810,994 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of Autodesk by 2.8% in the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock worth $831,453,000 after buying an additional 262,238 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock worth $689,876,000 after buying an additional 37,455 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at 109.82 on Tuesday. The firm has a 50-day moving average price of $106.74 and a 200 day moving average price of $94.70. The company’s market cap is $24.20 billion. Autodesk, Inc. has a 12 month low of $58.25 and a 12 month high of $115.25.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, May 18th. The software company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. The firm had revenue of $485.70 million during the quarter, compared to analysts’ expectations of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.10) EPS. Equities analysts predict that Autodesk, Inc. will post ($0.57) earnings per share for the current year.
ADSK has been the topic of a number of research reports. Evercore ISI restated an “outperform” rating and issued a $115.00 price objective on shares of Autodesk in a research note on Wednesday, June 21st. BidaskClub cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Pacific Crest restated an “overweight” rating and issued a $105.00 price objective on shares of Autodesk in a research note on Monday, May 8th. Finally, Cowen and Company restated an “outperform” rating and issued a $105.00 price objective (up from $95.00) on shares of Autodesk in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $104.50.
In related news, Director Betsy Rafael sold 2,354 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.24, for a total transaction of $250,088.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven M. Blum sold 6,638 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $112.71, for a total value of $748,168.98. The disclosure for this sale can be found here. Insiders have sold a total of 170,570 shares of company stock valued at $17,865,037 over the last three months. 6.10% of the stock is owned by corporate insiders.
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).
Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).
Receive News & Ratings for Autodesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.