Anchor Capital Advisors LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,063 shares of the software company’s stock after selling 3,667 shares during the period. Anchor Capital Advisors LLC owned approximately 0.07% of Autodesk worth $37,381,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after acquiring an additional 4,563,668 shares in the last quarter. Norges Bank bought a new stake in Autodesk during the fourth quarter worth $619,404,000. Ninety One UK Ltd boosted its holdings in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Autodesk by 100.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after purchasing an additional 825,165 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after buying an additional 479,559 shares in the last quarter. 90.24% of the stock is owned by institutional investors.
Insider Buying and Selling at Autodesk
In other news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the sale, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,275 shares of company stock valued at $14,220,661. 0.14% of the stock is currently owned by company insiders.
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $1.12 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ADSK. Mizuho raised their price objective on Autodesk from $230.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Citigroup raised their price target on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Rosenblatt Securities upped their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, Piper Sandler upped their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.17.
Check Out Our Latest Stock Analysis on Autodesk
About Autodesk
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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