State Board of Administration of Florida Retirement System increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,292 shares of the software company’s stock after buying an additional 8,148 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of Autodesk worth $74,219,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. CX Institutional increased its position in Autodesk by 233.3% during the 2nd quarter. CX Institutional now owns 160 shares of the software company’s stock valued at $38,000 after purchasing an additional 112 shares during the period. Altshuler Shaham Ltd boosted its holdings in shares of Autodesk by 458.6% during the 1st quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock valued at $26,000 after buying an additional 133 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the 1st quarter valued at $31,000. Nvwm LLC bought a new stake in shares of Autodesk during the 1st quarter valued at $31,000. Finally, Clean Yield Group boosted its holdings in shares of Autodesk by 71.5% during the 1st quarter. Clean Yield Group now owns 223 shares of the software company’s stock valued at $35,000 after buying an additional 93 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on ADSK shares. Stifel Nicolaus upped their price target on shares of Autodesk from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price target on shares of Autodesk from $190.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Zacks Investment Research upgraded shares of Autodesk from a “hold” rating to a “buy” rating and set a $246.00 price target on the stock in a research note on Monday. Robert W. Baird upped their price target on shares of Autodesk from $233.00 to $272.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Finally, Wells Fargo & Co upped their price target on shares of Autodesk from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. Autodesk has a consensus rating of “Buy” and an average target price of $227.46.
Shares of Autodesk stock traded up $5.86 on Thursday, reaching $247.28. The company’s stock had a trading volume of 23,334 shares, compared to its average volume of 962,494. The company has a market capitalization of $53.20 billion, a P/E ratio of 180.57, a PEG ratio of 2.66 and a beta of 1.56. Autodesk, Inc. has a 52-week low of $125.38 and a 52-week high of $251.39. The stock has a 50-day moving average price of $238.02 and a 200-day moving average price of $201.66.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Wednesday, May 27th. The software company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Autodesk had a negative return on equity of 230.16% and a net margin of 8.91%. The firm had revenue of $866.00 million during the quarter, compared to analysts’ expectations of $867.96 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts expect that Autodesk, Inc. will post 2.31 earnings per share for the current year.
In other Autodesk news, CEO Andrew Anagnost sold 22,639 shares of the business’s stock in a transaction on Friday, June 19th. The stock was sold at an average price of $241.04, for a total transaction of $5,456,904.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard Scott Herren sold 11,531 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $200.00, for a total value of $2,306,200.00. The disclosure for this sale can be found here. Insiders have sold 48,544 shares of company stock valued at $11,211,108 over the last quarter. 0.14% of the stock is owned by company insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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