Apollon Wealth Management LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,564 shares of the software company’s stock after purchasing an additional 114 shares during the quarter. Apollon Wealth Management LLC’s holdings in Autodesk were worth $441,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Steel Peak Wealth Management LLC grew its stake in Autodesk by 1.0% in the second quarter. Steel Peak Wealth Management LLC now owns 5,050 shares of the software company’s stock valued at $868,000 after purchasing an additional 50 shares in the last quarter. Zions Bancorporation N.A. grew its stake in Autodesk by 8.7% in the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock valued at $136,000 after purchasing an additional 51 shares in the last quarter. Hartford Investment Management Co. grew its stake in Autodesk by 0.3% in the second quarter. Hartford Investment Management Co. now owns 20,807 shares of the software company’s stock valued at $3,578,000 after purchasing an additional 54 shares in the last quarter. Bartlett & Co. LLC grew its stake in Autodesk by 5.8% in the second quarter. Bartlett & Co. LLC now owns 980 shares of the software company’s stock valued at $169,000 after purchasing an additional 54 shares in the last quarter. Finally, Northeast Financial Consultants Inc grew its stake in Autodesk by 1.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,305 shares of the software company’s stock valued at $923,000 after purchasing an additional 61 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.
In other news, CEO Andrew Anagnost sold 34,366 shares of Autodesk stock in a transaction on Monday, August 29th. The stock was sold at an average price of $206.87, for a total value of $7,109,294.42. Following the transaction, the chief executive officer now owns 76,968 shares in the company, valued at approximately $15,922,370.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The software company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 4.13 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Autodesk from $260.00 to $225.00 in a research note on Wednesday. Rosenblatt Securities reduced their target price on Autodesk from $270.00 to $235.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research assumed coverage on Autodesk in a research note on Tuesday, August 16th. They set an “outperform” rating and a $270.00 target price for the company. Bank of America reduced their target price on Autodesk from $240.00 to $225.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Citigroup reduced their target price on Autodesk from $277.00 to $256.00 and set a “buy” rating for the company in a research note on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.57.
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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