FDO Partners LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 80.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,974 shares of the software company’s stock after selling 15,949 shares during the quarter. FDO Partners LLC’s holdings in Autodesk were worth $446,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in ADSK. Parallel Advisors LLC boosted its holdings in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares in the last quarter. Cable Hill Partners LLC boosted its holdings in Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Autodesk in the second quarter worth $150,000. IFP Advisors Inc boosted its holdings in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after acquiring an additional 145 shares in the last quarter. Finally, First Personal Financial Services boosted its holdings in Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after acquiring an additional 1,801 shares in the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.
ADSK has been the topic of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Autodesk in a report on Friday, August 25th. Evercore ISI reaffirmed a “buy” rating and set a $135.00 price target on shares of Autodesk in a report on Wednesday, August 23rd. Berenberg Bank initiated coverage on Autodesk in a report on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price target on the stock. Cowen reaffirmed a “buy” rating and set a $115.00 price target on shares of Autodesk in a report on Friday, August 18th. Finally, BidaskClub downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $130.10.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $515.30 million during 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%. Autodesk’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) earnings per share. analysts predict that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.
In related news, Director Lorrie M. Norrington sold 25,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total transaction of $2,778,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $128.14, for a total value of $735,267.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 61,523 shares of company stock valued at $7,218,659. 6.10% of the stock is owned by company insiders.
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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