Thrivent Financial For Lutherans lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,390 shares of the software company’s stock after purchasing an additional 140 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Autodesk were worth $745,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised 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 during the period. 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 worth $171,000 after buying an additional 145 shares in the last quarter. Kanawha Capital Management LLC purchased a new position in Autodesk during the second quarter worth about $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 worth $202,000 after buying an additional 1,801 shares in the last quarter. Finally, Sigma Investment Counselors Inc. purchased a new position in Autodesk during the second quarter worth about $208,000. Institutional investors own 94.78% of the company’s stock.
Several equities analysts recently commented on the company. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. KeyCorp boosted their target price on Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Sunday, October 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $120.00 target price on shares of Autodesk in a research report on Wednesday, June 21st. One equities 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 given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $118.26.
In related news, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $110.91, for a total value of $64,327.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lorrie M. Norrington sold 25,000 shares of Autodesk stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,212 shares of company stock valued at $6,742,238. 6.10% of the stock is currently owned by company insiders.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 117.05 on Wednesday. Autodesk, Inc. has a 1-year low of $67.15 and a 1-year high of $119.73. The stock has a 50 day moving average price of $113.53 and a 200-day moving average price of $104.50. The company’s market cap is $25.66 billion.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post ($0.54) earnings per share for the current year.
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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