Logan Capital Management Inc. held its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,000 shares of the software company’s stock at the end of the first quarter. Logan Capital Management Inc.’s holdings in Autodesk were worth $259,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Employees Retirement System of Texas boosted its stake in shares of Autodesk by 25.8% in the fourth quarter. Employees Retirement System of Texas now owns 15,100 shares of the software company’s stock worth $1,118,000 after buying an additional 3,100 shares during the period. Credit Agricole S A boosted its stake in shares of Autodesk by 4.4% in the fourth quarter. Credit Agricole S A now owns 49,794 shares of the software company’s stock worth $3,685,000 after buying an additional 2,110 shares during the period. Gideon Capital Advisors Inc. bought a new stake in shares of Autodesk during the fourth quarter worth $367,000. Brown Advisory Inc. boosted its stake in shares of Autodesk by 9.5% in the fourth quarter. Brown Advisory Inc. now owns 30,637 shares of the software company’s stock worth $2,268,000 after buying an additional 2,649 shares during the period. Finally, Elkfork Partners LLC bought a new stake in shares of Autodesk during the fourth quarter worth $451,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.
Autodesk, Inc. (ADSK) traded down 0.66% during mid-day trading on Friday, reaching $104.88. The company had a trading volume of 2,565,379 shares. Autodesk, Inc. has a 12 month low of $49.82 and a 12 month high of $114.68. The company’s market capitalization is $23.11 billion. The firm’s 50 day moving average price is $103.12 and its 200-day moving average price is $87.62.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, May 18th. The software company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. Autodesk had a negative return on equity of 36.65% and a negative net margin of 26.99%. The business had revenue of $485.70 million during the quarter, compared to the consensus estimate of $470.27 million. During the same period in the previous year, the business earned ($0.10) EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Autodesk, Inc. will post ($0.57) earnings per share for the current year.
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A number of brokerages recently weighed in on ADSK. ValuEngine upgraded Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Sanford C. Bernstein started coverage on Autodesk in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $137.00 price target for the company. Evercore ISI reiterated an “outperform” rating and issued a $115.00 price target on shares of Autodesk in a research note on Thursday, May 25th. TheStreet cut Autodesk from a “c-” rating to a “d” rating in a research note on Thursday, May 18th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $120.00 price target (up from $105.00) on shares of Autodesk in a research note on Sunday, May 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.94.
In other news, SVP Jan Becker sold 2,865 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $95.73, for a total value of $274,266.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Crawford W. Beveridge sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $111.38, for a total value of $779,660.00. The disclosure for this sale can be found here. Insiders sold a total of 143,979 shares of company stock valued at $13,775,470 over the last three months. Company insiders own 6.10% of the company’s stock.
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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