Autodesk, Inc. (ADSK) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 28.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,707 shares of the software company’s stock after buying an additional 601 shares during the quarter. Teacher Retirement System of Texas’ holdings in Autodesk were worth $304,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Andra AP fonden lifted its stake in shares of Autodesk by 6.4% in the 2nd quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock valued at $2,531,000 after purchasing an additional 1,500 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of Autodesk by 5.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock valued at $35,236,000 after purchasing an additional 16,629 shares during the period. Advisor Group Inc. lifted its stake in shares of Autodesk by 17.7% in the 2nd quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock valued at $664,000 after purchasing an additional 989 shares during the period. Lucha Capital Management LP purchased a new position in shares of Autodesk in the 2nd quarter valued at approximately $8,425,000. Finally, Pacad Investment Ltd. purchased a new position in shares of Autodesk in the 2nd quarter valued at approximately $2,168,000. Institutional investors and hedge funds own 94.67% of the company’s stock.
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Autodesk, Inc. (ADSK) opened at $127.77 on Friday. Autodesk, Inc. has a 52-week low of $68.06 and a 52-week high of $128.68. The company has a debt-to-equity ratio of 5.02, a current ratio of 1.22 and a quick ratio of 1.22.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The company had revenue of $501.80 million during the quarter, compared to analyst estimates of $493.98 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. equities analysts anticipate that Autodesk, Inc. will post -1.38 earnings per share for the current fiscal year.
A number of research analysts have recently commented on ADSK shares. KeyCorp restated a “buy” rating and issued a $128.00 target price on shares of Autodesk in a research note on Friday, November 10th. Cowen Inc raised their target price on Autodesk from $115.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, August 25th. Evercore ISI restated a “buy” rating and issued a $135.00 target price on shares of Autodesk in a research note on Wednesday, August 23rd. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Finally, Berenberg Bank started coverage on Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Autodesk currently has an average rating of “Buy” and a consensus target price of $126.90.
In related news, SVP Fronzo Pascal W. Di sold 580 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $110.91, for a total transaction of $64,327.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is owned by corporate insiders.
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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