Autodesk, Inc. (ADSK) Shares Bought by Ballentine Partners LLC
Ballentine Partners LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,104 shares of the software company’s stock after buying an additional 65 shares during the period. Ballentine Partners LLC’s holdings in Autodesk were worth $572,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in ADSK. Tdam USA Inc. increased its stake in shares of Autodesk by 0.3% in the second quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after buying an additional 20 shares during the period. Cleararc Capital Inc. increased its stake in shares of Autodesk by 0.4% in the first quarter. Cleararc Capital Inc. now owns 4,796 shares of the software company’s stock valued at $415,000 after buying an additional 21 shares during the period. Tyers Asset Management LLC increased its stake in shares of Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock valued at $386,000 after buying an additional 32 shares during the period. Elkfork Partners LLC boosted its position in shares of Autodesk by 0.7% in the first quarter. Elkfork Partners LLC now owns 6,138 shares of the software company’s stock valued at $531,000 after buying an additional 44 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Autodesk by 0.7% in the first quarter. Meadow Creek Investment Management LLC now owns 7,812 shares of the software company’s stock valued at $675,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.
Autodesk, Inc. (NASDAQ:ADSK) opened at 108.56 on Friday. The firm’s 50-day moving average is $107.86 and its 200-day moving average is $96.95. The company’s market capitalization is $23.93 billion. Autodesk, Inc. has a 52-week low of $62.68 and a 52-week high of $115.25.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $485.70 million during the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. On average, equities research analysts forecast that Autodesk, Inc. will post ($0.56) EPS for the current year.
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Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Autodesk from $87.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 17th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target (up from $120.00) on shares of Autodesk in a research note on Friday, May 19th. Evercore ISI reaffirmed a “buy” rating and set a $115.00 price target on shares of Autodesk in a research note on Friday, May 19th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $120.00 price target on shares of Autodesk in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $105.85.
In other Autodesk news, Director Carl Bass sold 26,753 shares of the firm’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $100.88, for a total value of $2,698,842.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Betsy Rafael sold 2,354 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total value of $250,088.96. The disclosure for this sale can be found here. Insiders have sold a total of 167,705 shares of company stock valued at $17,590,771 in the last quarter. 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).
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