UBS Asset Management Americas Inc. Has $63.14 Million Stake in Autodesk, Inc. (ADSK)
UBS Asset Management Americas Inc. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 626,239 shares of the software company’s stock after acquiring an additional 32,683 shares during the period. UBS Asset Management Americas Inc. owned about 0.28% of Autodesk worth $63,137,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Autodesk by 4.2% during the second 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 grew its position in Autodesk by 9.3% during the second 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 purchased a new position in Autodesk during the second quarter valued at approximately $202,000. First Personal Financial Services grew its position in Autodesk by 896.0% during the second 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. purchased a new position in Autodesk during the second quarter valued at approximately $208,000. 94.77% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Autodesk, Inc. (ADSK) opened at 111.78 on Friday. The company’s market cap is $24.50 billion. The stock has a 50 day moving average of $111.53 and a 200 day moving average of $101.45. Autodesk, Inc. has a 12-month low of $66.36 and a 12-month high of $119.73.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post ($0.54) earnings per share for the current fiscal year.
A number of brokerages recently commented on ADSK. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $138.00 price objective (up from $137.00) on shares of Autodesk in a research report on Friday, August 11th. Evercore ISI reiterated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research note on Wednesday. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Cowen and Company reiterated a “buy” rating and issued a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Finally, Barclays PLC lifted their target price on shares of Autodesk from $114.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $116.35.
In related news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Anagnost sold 24,004 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $112.73, for a total value of $2,705,970.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,486 shares of company stock valued at $14,230,772. 6.10% of the stock is owned by 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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