Bank of Stockton acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 1,316 shares of the software company’s stock, valued at approximately $205,000.
Other hedge funds also recently bought and sold shares of the company. Alpha Windward LLC purchased a new position in shares of Autodesk during the 2nd quarter valued at about $102,000. Smithfield Trust Co. purchased a new position in shares of Autodesk during the 2nd quarter valued at about $116,000. IHT Wealth Management LLC lifted its position in shares of Autodesk by 1,142.2% during the 1st quarter. IHT Wealth Management LLC now owns 1,031 shares of the software company’s stock valued at $127,000 after buying an additional 948 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Autodesk by 58.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,331 shares of the software company’s stock valued at $174,000 after buying an additional 489 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Autodesk by 53.2% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,417 shares of the software company’s stock valued at $186,000 after buying an additional 492 shares in the last quarter. 96.00% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:ADSK opened at $146.21 on Tuesday. The company has a debt-to-equity ratio of -6.57, a quick ratio of 0.83 and a current ratio of 0.83. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94. The company has a market capitalization of $34.13 billion, a price-to-earnings ratio of -91.38, a PEG ratio of 109.17 and a beta of 1.80.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The business had revenue of $612.00 million for the quarter, compared to the consensus estimate of $600.36 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The company’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts expect that Autodesk, Inc. will post 0.06 earnings per share for the current fiscal year.
In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $149.77, for a total value of $149,770.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lorrie M. Norrington sold 5,001 shares of Autodesk stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total value of $783,906.75. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
A number of research firms have recently weighed in on ADSK. ValuEngine raised Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 21st. Canaccord Genuity lifted their target price on Autodesk from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, September 20th. Evercore ISI reissued a “buy” rating and set a $175.00 target price on shares of Autodesk in a research note on Wednesday, September 19th. BidaskClub downgraded Autodesk from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research raised Autodesk from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $163.74.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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