D.A. Davidson & CO. Has $9.59 Million Stake in Autodesk, Inc. (ADSK)
D.A. Davidson & CO. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,157 shares of the software company’s stock after selling 9,712 shares during the period. D.A. Davidson & CO.’s holdings in Autodesk were worth $9,593,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Autodesk by 0.3% in the second quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock worth $578,000 after buying an additional 17 shares during the period. Tdam USA Inc. increased its holdings 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 worth $780,000 after buying an additional 20 shares during the period. Cleararc Capital Inc. increased its holdings 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 worth $415,000 after buying an additional 21 shares during the period. Parallel Advisors LLC increased its holdings in shares of Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after buying an additional 44 shares during the period. Finally, Advantus Capital Management Inc increased its holdings in shares of Autodesk by 0.3% in the first quarter. Advantus Capital Management Inc now owns 19,621 shares of the software company’s stock worth $1,697,000 after buying an additional 57 shares during the period. Hedge funds and other institutional investors own 94.77% of the company’s stock.
In other news, insider Andrew Anagnost sold 24,004 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carl Bass sold 27,201 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $101.73, for a total transaction of $2,767,157.73. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,986 shares of company stock worth $14,061,542. Insiders own 6.10% of the company’s stock.
Shares of Autodesk, Inc. (ADSK) traded down 1.31% during mid-day trading on Wednesday, hitting $111.60. The stock had a trading volume of 433,434 shares. The stock’s market cap is $24.46 billion. Autodesk, Inc. has a 52-week low of $66.36 and a 52-week high of $119.73. The company’s 50 day moving average is $111.53 and its 200-day moving average is $101.45.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 earnings per share. On average, equities research analysts anticipate that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
Several research firms have recently commented on ADSK. Canaccord Genuity reiterated a “buy” rating and issued a $120.00 price objective on shares of Autodesk in a report on Wednesday, June 21st. BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC raised their target price on Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 18th. Finally, Cowen and Company reissued a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $116.35.
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Autodesk Company Profile
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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