SG Americas Securities LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 245.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,618 shares of the software company’s stock after acquiring an additional 21,747 shares during the quarter. SG Americas Securities LLC’s holdings in Autodesk were worth $3,437,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock valued at $2,058,545,000 after purchasing an additional 466,724 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after purchasing an additional 735,647 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Autodesk by 13.6% in the third quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock valued at $341,660,000 after purchasing an additional 364,994 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Autodesk by 18.5% in the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock valued at $281,589,000 after purchasing an additional 436,261 shares in the last quarter. Finally, Fred Alger Management Inc. lifted its holdings in shares of Autodesk by 52.3% in the second quarter. Fred Alger Management Inc. now owns 2,414,257 shares of the software company’s stock valued at $243,405,000 after purchasing an additional 829,021 shares in the last quarter. Institutional investors and hedge funds own 95.85% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Evercore ISI reissued a “buy” rating and issued a $135.00 price objective on shares of Autodesk in a research report on Wednesday, September 20th. Morgan Stanley reissued an “overweight” rating and issued a $120.00 price objective (up previously from $115.00) on shares of Autodesk in a research report on Friday, August 25th. Cowen reaffirmed a “buy” rating and set a $115.00 price target on shares of Autodesk in a research report on Friday, August 18th. Finally, Barclays upped their price target on shares of Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $130.10.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The company had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. During the same period last year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts expect that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.
In related news, SVP Steven M. Blum sold 9,128 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Richard Scott Herren sold 5,738 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $128.14, for a total transaction of $735,267.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,523 shares of company stock worth $7,218,659. Insiders own 6.10% of the company’s stock.
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Autodesk Company Profile
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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