Earnest Partners LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 484,952 shares of the software company’s stock after selling 8,993 shares during the quarter. Earnest Partners LLC’s holdings in Autodesk were worth $78,999,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Winslow Capital Management LLC acquired a new position in Autodesk in the second quarter valued at $225,864,000. Frontier Capital Management Co. LLC purchased a new stake in shares of Autodesk in the first quarter valued at about $93,517,000. Egerton Capital UK LLP boosted its holdings in Autodesk by 30.4% during the first quarter. Egerton Capital UK LLP now owns 2,228,779 shares of the software company’s stock worth $347,288,000 after buying an additional 519,100 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Autodesk by 28.0% during the second quarter. Janus Henderson Group PLC now owns 2,249,141 shares of the software company’s stock worth $366,384,000 after buying an additional 492,665 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Autodesk by 13.9% during the second quarter. Brown Advisory Inc. now owns 3,152,280 shares of the software company’s stock worth $513,507,000 after buying an additional 384,266 shares in the last quarter. Institutional investors own 93.38% of the company’s stock.
In related news, Director Betsy Rafael sold 2,039 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $157.83, for a total transaction of $321,815.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew Anagnost sold 2,434 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $169.47, for a total transaction of $412,489.98. The disclosure for this sale can be found here. In the last three months, insiders sold 4,736 shares of company stock valued at $774,024. Company insiders own 0.12% of the company’s stock.
NASDAQ:ADSK opened at $154.99 on Friday. The firm has a 50 day simple moving average of $149.71 and a 200-day simple moving average of $161.69. The firm has a market cap of $32.51 billion, a PE ratio of 1,409.00, a P/E/G ratio of 2.58 and a beta of 1.84. Autodesk, Inc. has a 1-year low of $117.72 and a 1-year high of $178.95.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). The firm had revenue of $796.80 million during the quarter, compared to analyst estimates of $788.00 million. Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. Equities analysts expect that Autodesk, Inc. will post 1.51 earnings per share for the current year.
A number of analysts recently commented on ADSK shares. Deutsche Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $180.00 to $165.00 in a report on Thursday, August 15th. Citigroup cut their target price on shares of Autodesk from $210.00 to $186.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Oppenheimer cut their target price on shares of Autodesk from $190.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. BidaskClub upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. cut their target price on shares of Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, August 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and an average target price of $169.48.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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