Oribel Capital Management LP decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 17.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 96,520 shares of the software company’s stock after selling 19,780 shares during the quarter. Autodesk makes up 2.2% of Oribel Capital Management LP’s investment portfolio, making the stock its 9th largest position. Oribel Capital Management LP’s holdings in Autodesk were worth $10,836,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Autodesk by 4.2% during the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares in the last quarter. Cable Hill Partners LLC lifted its holdings in Autodesk by 276.7% during the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares in the last quarter. Harfst & Associates Inc. purchased a new stake in Autodesk during the 2nd quarter worth about $150,000. IFP Advisors Inc lifted its holdings in Autodesk by 9.3% during the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in Autodesk by 896.0% during the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after purchasing an additional 1,801 shares in the last quarter. Institutional investors own 95.85% of the company’s stock.
A number of analysts recently issued reports on ADSK shares. KeyCorp reissued a “buy” rating and set a $128.00 price objective on shares of Autodesk in a report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Cowen raised their price target on Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, August 25th. Finally, Evercore ISI set a $135.00 price target on Autodesk and gave the company a “buy” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.10.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same period last year, the company earned ($0.18) EPS. Autodesk’s revenue for the quarter was up 5.2% compared to the same quarter last year. analysts predict that Autodesk, Inc. will post -1.36 earnings per share for the current year.
In other news, Director Lorrie M. Norrington sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Fronzo Pascal W. Di sold 580 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,523 shares of company stock worth $7,218,659. Corporate insiders own 6.10% of the company’s stock.
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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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