Advisory Services Network LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 13.8% in the fourth quarter, Holdings Channel reports. The fund owned 8,353 shares of the software company’s stock after acquiring an additional 1,012 shares during the period. Advisory Services Network LLC’s holdings in Autodesk were worth $876,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $116,000. Cable Hill Partners LLC boosted its holdings in shares of Autodesk by 276.7% in the 3rd quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock valued at $145,000 after buying an additional 949 shares during the last quarter. Exane Derivatives acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $199,000. Cedar Capital LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $207,000. Finally, Chilton Investment Co. LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at approximately $210,000. 95.05% of the stock is owned by hedge funds and other institutional investors.
Autodesk, Inc. (NASDAQ:ADSK) opened at $112.95 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 14.78. The firm has a market capitalization of $24,880.00, a price-to-earnings ratio of -43.95, a price-to-earnings-growth ratio of 15.32 and a beta of 1.91. Autodesk, Inc. has a 12-month low of $81.75 and a 12-month high of $131.10.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.01. The firm had revenue of $515.30 million for 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%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) EPS. sell-side analysts forecast that Autodesk, Inc. will post -1.36 earnings per share for the current fiscal year.
In other Autodesk news, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total value of $159,435.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,248 shares of company stock worth $2,148,546 in the last quarter. Company insiders own 6.10% of the company’s stock.
Several equities research analysts have recently commented on the company. Canaccord Genuity reissued a “buy” rating and issued a $135.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Deutsche Bank set a $140.00 price objective on Autodesk and gave the company a “buy” rating in a report on Wednesday, November 29th. UBS Group reissued a “buy” rating and issued a $140.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Guggenheim increased their price objective on Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Finally, Evercore ISI restated a “buy” rating and issued a $135.00 price target on shares of Autodesk in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $132.68.
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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