Conning Inc. boosted its position in Autodesk Inc. (NASDAQ:ADSK) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,356 shares of the software company’s stock after buying an additional 20 shares during the period. Conning Inc.’s holdings in Autodesk were worth $290,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of ADSK. Strs Ohio raised its position in shares of Autodesk by 39.5% in the second quarter. Strs Ohio now owns 16,021 shares of the software company’s stock worth $867,000 after buying an additional 4,539 shares in the last quarter. HL Financial Services LLC increased its stake in Autodesk by 0.9% in the second quarter. HL Financial Services LLC now owns 9,291 shares of the software company’s stock valued at $503,000 after buying an additional 85 shares during the last quarter. Seven Bridges Advisors LLC increased its stake in Autodesk by 13.2% in the second quarter. Seven Bridges Advisors LLC now owns 9,419 shares of the software company’s stock valued at $510,000 after buying an additional 1,099 shares during the last quarter. Bank of Montreal Can bought a new stake in Autodesk during the second quarter valued at $3,393,000. Finally, Daiwa Securities Group Inc. increased its stake in Autodesk by 5.8% in the second quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the software company’s stock valued at $298,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.
Autodesk Inc. (NASDAQ:ADSK) traded up 2.51% during midday trading on Wednesday, hitting $73.21. 1,708,223 shares of the stock were exchanged. Autodesk Inc. has a one year low of $41.60 and a one year high of $73.24. The company has a 50 day moving average price of $68.15 and a 200 day moving average price of $60.53. The firm’s market capitalization is $16.24 billion.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.18. The business earned $550.70 million during the quarter, compared to analysts’ expectations of $511.49 million. Autodesk had a negative net margin of 15.05% and a negative return on equity of 5.95%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Equities analysts anticipate that Autodesk Inc. will post ($0.60) EPS for the current year.
Several research firms have recently weighed in on ADSK. Zacks Investment Research raised shares of Autodesk from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Tuesday. Evercore ISI began coverage on shares of Autodesk in a research report on Wednesday, September 14th. They issued a “buy” rating and a $80.00 target price for the company. Wedbush began coverage on shares of Autodesk in a research report on Friday, September 9th. They issued a “neutral” rating and a $60.00 target price for the company. Rosenblatt Securities downgraded shares of Autodesk from a “neutral” rating to a “sell” rating in a research report on Tuesday, August 30th. Finally, Citigroup Inc. set a $65.00 target price on shares of Autodesk and gave the stock a “hold” rating in a research report on Sunday, August 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Autodesk currently has an average rating of “Hold” and a consensus target price of $67.53.
In other Autodesk news, SVP Steven M. Blum sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $66.00, for a total value of $660,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl Bass sold 26,209 shares of the firm’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $56.00, for a total transaction of $1,467,704.00. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
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