Bp Plc Has $2,823,000 Position in Autodesk, Inc. (NASDAQ:ADSK)
Bp Plc maintained its stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, Holdings Channel reports. The firm owned 28,000 shares of the software company’s stock at the end of the second quarter. Bp Plc’s holdings in Autodesk were worth $2,823,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in ADSK. British Columbia Investment Management Corp raised its stake in shares of Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock valued at $9,697,000 after buying an additional 11,871 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Autodesk during the first quarter valued at about $656,000. Glaxis Capital Management LLC acquired a new stake in shares of Autodesk during the second quarter valued at about $2,189,000. Bank of Nova Scotia raised its stake in shares of Autodesk by 931.6% in the first quarter. Bank of Nova Scotia now owns 44,700 shares of the software company’s stock valued at $3,865,000 after buying an additional 40,367 shares in the last quarter. Finally, Private Asset Management Inc. raised its stake in shares of Autodesk by 1.6% in the second quarter. Private Asset Management Inc. now owns 36,782 shares of the software company’s stock valued at $3,708,000 after buying an additional 570 shares in the last quarter. 97.90% of the stock is owned by institutional investors and hedge funds.
Autodesk, Inc. (ADSK) opened at 107.45 on Thursday. The company’s market cap is $23.68 billion. The firm has a 50-day moving average price of $107.19 and a 200 day moving average price of $95.72. Autodesk, Inc. has a 52 week low of $58.78 and a 52 week 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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The business had revenue of $485.70 million during the quarter, compared to analyst estimates of $470.27 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Autodesk’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts expect that Autodesk, Inc. will post ($0.57) EPS for the current fiscal year.
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Several equities research analysts have recently issued reports on ADSK shares. Morgan Stanley raised Autodesk from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $69.00 to $115.00 in a research report on Monday, May 1st. Wedbush raised Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $78.00 to $120.00 in a research report on Tuesday, May 9th. Zacks Investment Research lowered Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Autodesk in a research report on Sunday, May 21st. Finally, Credit Suisse Group started coverage on Autodesk in a research report on Thursday, April 27th. They set an “outperform” rating and a $115.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $104.50.
In other Autodesk news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Steven M. Blum sold 6,638 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were 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 170,570 shares of company stock valued at $17,865,037 in the last three months. 6.10% of the stock is currently 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).
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