NN Investment Partners Holdings N.V. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 16.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,091 shares of the software company’s stock after selling 1,170 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Autodesk were worth $614,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. British Columbia Investment Management Corp boosted its stake in Autodesk by 11.8% in the first quarter. British Columbia Investment Management Corp now owns 112,143 shares of the software company’s stock valued at $9,697,000 after buying an additional 11,871 shares during the period. Edgestream Partners L.P. purchased a new stake in Autodesk during the first quarter valued at $656,000. Teachers Advisors LLC boosted its stake in Autodesk by 131.2% in the fourth quarter. Teachers Advisors LLC now owns 621,633 shares of the software company’s stock valued at $46,007,000 after buying an additional 352,758 shares during the period. Private Asset Management Inc. boosted its stake in Autodesk by 1.6% in the second quarter. Private Asset Management Inc. now owns 36,782 shares of the software company’s stock worth $3,708,000 after buying an additional 570 shares during the last quarter. Finally, Glaxis Capital Management LLC bought a new stake in Autodesk during the second quarter worth approximately $2,189,000. Institutional investors own 97.73% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.62% during mid-day trading on Friday, reaching $108.56. 1,164,390 shares of the company’s stock traded hands. The stock’s market cap is $23.93 billion. Autodesk, Inc. has a 12-month low of $62.68 and a 12-month high of $115.25. The firm’s 50 day moving average price is $107.86 and its 200-day moving average price is $96.95.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.10) EPS. Equities research analysts forecast that Autodesk, Inc. will post ($0.56) earnings per share for the current year.
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A number of research firms have commented on ADSK. Royal Bank Of Canada raised their price target on shares of Autodesk from $87.00 to $95.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 17th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Wedbush restated an “outperform” rating and issued a $125.00 price target (up from $120.00) on shares of Autodesk in a report on Friday, May 19th. Evercore ISI restated a “buy” rating and issued a $115.00 price target on shares of Autodesk in a report on Friday, May 19th. Finally, Canaccord Genuity restated a “buy” rating and issued a $120.00 price target on shares of Autodesk in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $105.85.
In other news, Director Betsy Rafael sold 2,354 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.24, for a total transaction of $250,088.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 6,638 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,705 shares of company stock worth $17,590,771. Insiders own 6.10% of the company’s stock.
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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