Vident Investment Advisory LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,407 shares of the software company’s stock after acquiring an additional 60,305 shares during the period. Vident Investment Advisory LLC owned 0.08% of Autodesk worth $18,283,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Cerebellum GP LLC bought a new position in shares of Autodesk in the fourth quarter worth about $116,000. Exane Derivatives bought a new position in shares of Autodesk in the fourth quarter worth about $199,000. Virtue Capital Management LLC bought a new position in shares of Autodesk in the fourth quarter worth about $201,000. Chilton Investment Co. LLC bought a new position in shares of Autodesk in the fourth quarter worth about $210,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Autodesk in the fourth quarter worth about $216,000. 95.18% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on ADSK shares. BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a research note on Wednesday, November 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $150.00 target price (up from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Oppenheimer started coverage on Autodesk in a research report on Friday, December 29th. They issued an “outperform” rating and a $135.00 target price on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $134.00 target price on shares of Autodesk in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $139.76.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $133.11, for a total transaction of $199,665.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul D. Underwood sold 2,089 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,599 shares of company stock worth $1,744,319. Company insiders own 6.10% of the company’s stock.
Shares of Autodesk, Inc. (ADSK) opened at $136.27 on Thursday. Autodesk, Inc. has a 52-week low of $82.70 and a 52-week high of $141.26. The company has a debt-to-equity ratio of -6.20, a quick ratio of 1.07 and a current ratio of 0.88. The stock has a market capitalization of $29,956.29, a P/E ratio of -52.58 and a beta of 1.82.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, March 6th. The software company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. Autodesk had a negative return on equity of 206.64% and a negative net margin of 27.57%. The business had revenue of $554.00 million for the quarter, compared to the consensus estimate of $544.74 million. During the same period in the prior year, the business posted ($0.28) earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. equities research analysts predict that Autodesk, Inc. will post -0.03 EPS for the current year.
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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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