Brighton Jones LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,719 shares of the software company’s stock, valued at approximately $495,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. increased its position in shares of Autodesk by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,838 shares of the software company’s stock valued at $210,000 after buying an additional 29 shares during the period. NBT Bank N A NY acquired a new position in shares of Autodesk during the first quarter valued at $210,000. Venturi Wealth Management LLC acquired a new position in shares of Autodesk during the first quarter valued at $211,000. Private Advisor Group LLC acquired a new position in shares of Autodesk during the fourth quarter valued at $216,000. Finally, Joel Isaacson & Co. LLC acquired a new position in shares of Autodesk during the first quarter valued at $216,000. Institutional investors own 97.53% of the company’s stock.
Autodesk, Inc. (NASDAQ:ADSK) traded up 1.03% during trading on Thursday, reaching $106.78. 2,327,895 shares of the company’s stock were exchanged. The company’s 50-day moving average is $104.35 and its 200-day moving average is $88.57. The company’s market capitalization is $23.53 billion. Autodesk, Inc. has a 1-year low of $49.82 and a 1-year high of $114.68.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, May 18th. The software company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.08. Autodesk had a negative net margin of 26.99% and a negative return on equity of 36.65%. The company had revenue of $485.70 million for the quarter, compared to the consensus estimate of $470.27 million. During the same quarter in the previous year, the firm posted ($0.10) EPS. The business’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts expect that Autodesk, Inc. will post ($0.57) earnings per share for the current fiscal year.
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A number of analysts have recently commented on the company. Evercore ISI restated an “outperform” rating and set a $115.00 price objective on shares of Autodesk in a report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $120.00 price objective on shares of Autodesk in a report on Wednesday. Wedbush restated an “outperform” rating and set a $125.00 price objective on shares of Autodesk in a report on Tuesday. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Sanford C. Bernstein assumed coverage on Autodesk in a report on Wednesday, May 24th. They set an “outperform” rating and a $137.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $103.94.
In other news, VP Paul D. Underwood sold 6,490 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $111.93, for a total transaction of $726,425.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Anagnost sold 3,954 shares of the business’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $85.27, for a total transaction of $337,157.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,891 shares of company stock worth $9,088,583. 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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