Boothbay Fund Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 12.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,786 shares of the software company’s stock after selling 3,317 shares during the period. Boothbay Fund Management LLC’s holdings in Autodesk were worth $2,670,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Autodesk by 2.3% during the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock worth $2,058,545,000 after purchasing an additional 466,724 shares during the period. BlackRock Inc. lifted its holdings in shares of Autodesk by 4.8% during the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock worth $1,612,787,000 after buying an additional 735,647 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Autodesk by 13.6% during the third quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock worth $341,660,000 after buying an additional 364,994 shares in the last quarter. Franklin Resources Inc. raised its stake in Autodesk by 18.5% in the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock valued at $281,589,000 after purchasing an additional 436,261 shares in the last quarter. Finally, Fred Alger Management Inc. raised its stake in Autodesk by 52.3% in the second quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after purchasing an additional 829,021 shares in the last quarter. Institutional investors own 95.34% of the company’s stock.
A number of research analysts recently commented on ADSK shares. Evercore ISI reaffirmed a “buy” rating and issued a $135.00 price target on shares of Autodesk in a research note on Wednesday, September 20th. Robert W. Baird set a $125.00 price target on Autodesk and gave the stock a “buy” rating in a report on Sunday, October 1st. KeyCorp restated a “buy” rating and set a $128.00 price target on shares of Autodesk in a report on Friday, October 6th. Guggenheim upgraded Autodesk from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Monday, November 13th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $132.77.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. The business had revenue of $515.30 million for the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) EPS. sell-side analysts anticipate that Autodesk, Inc. will post -1.37 earnings per share for the current fiscal year.
In related news, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,400 shares of company stock worth $4,033,077. Corporate insiders own 6.10% of the company’s stock.
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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