Fiera Capital Corp Has $565,000 Stake in Autodesk, Inc. (ADSK)
Fiera Capital Corp continued to hold its stake in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,600 shares of the software company’s stock at the end of the 2nd quarter. Fiera Capital Corp’s holdings in Autodesk were worth $565,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in shares of Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after purchasing an additional 44 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares in the last quarter. Kanawha Capital Management LLC bought a new stake in shares of Autodesk during the 2nd quarter valued at about $202,000. First Personal Financial Services boosted its stake in shares of Autodesk by 896.0% during the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Sigma Investment Counselors Inc. bought a new stake in shares of Autodesk during the 2nd quarter valued at about $208,000. 94.77% of the stock is currently owned by institutional investors and hedge funds.
Autodesk, Inc. (NASDAQ ADSK) opened at 112.73 on Thursday. The stock’s market capitalization is $24.71 billion. Autodesk, Inc. has a one year low of $66.36 and a one year high of $119.73. The firm has a 50-day moving average of $111.53 and a 200 day moving average of $101.45.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The business had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same period last year, the business earned $0.05 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. On average, equities research analysts anticipate that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
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In other news, Director Carl Bass sold 27,201 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $101.73, for a total value of $2,767,157.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The disclosure for this sale can be found here. Insiders sold a total of 135,986 shares of company stock worth $14,061,542 over the last 90 days. Company insiders own 6.10% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Robert W. Baird set a $125.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Friday, August 25th. Evercore ISI reaffirmed an “outperform” rating and set a $135.00 target price on shares of Autodesk in a research note on Friday, August 25th. ValuEngine raised shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Sanford C. Bernstein assumed coverage on shares of Autodesk in a research note on Wednesday, May 24th. They set an “outperform” rating and a $137.00 target price on the stock. Finally, Berenberg Bank assumed coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They set a “buy” rating and a $136.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $116.35.
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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