Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 126,578 shares of the software company’s stock after buying an additional 4,917 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Autodesk were worth $19,760,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Alpha Windward LLC bought a new position in Autodesk during the second quarter valued at about $102,000. Harvest Fund Management Co. Ltd bought a new position in Autodesk during the third quarter valued at about $104,000. Smithfield Trust Co. bought a new position in Autodesk during the second quarter valued at about $116,000. First Bank & Trust bought a new position in Autodesk during the third quarter valued at about $149,000. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in Autodesk by 58.1% during the second 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. Institutional investors and hedge funds own 95.60% of the company’s stock.
In related news, CEO Andrew Anagnost sold 23,008 shares of Autodesk stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $152.03, for a total transaction of $3,497,906.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,000 shares of Autodesk stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $149.77, for a total value of $149,770.00. The disclosure for this sale can be found here. Insiders sold 29,009 shares of company stock worth $4,431,583 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.
Several equities analysts have weighed in on ADSK shares. Canaccord Genuity raised their target price on Autodesk from $150.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 24th. Griffin Securities raised their target price on Autodesk from $165.00 to $170.00 and gave the company a “buy” rating in a report on Friday, August 24th. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Evercore ISI restated a “buy” rating and set a $175.00 target price on shares of Autodesk in a report on Wednesday, September 19th. Finally, ValuEngine lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $163.74.
Autodesk stock opened at $135.55 on Friday. The stock has a market capitalization of $30.37 billion, a PE ratio of -84.72, a price-to-earnings-growth ratio of 116.88 and a beta of 1.97. Autodesk, Inc. has a 52 week low of $101.55 and a 52 week high of $159.94.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 23rd. The software company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $612.00 million for the quarter, compared to analyst estimates of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. On average, research analysts predict that Autodesk, Inc. will post 0.05 EPS for the current fiscal year.
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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