Autodesk, Inc. (ADSK) Shares Sold by Sumitomo Mitsui Asset Management Company LTD
Sumitomo Mitsui Asset Management Company LTD reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,241 shares of the software company’s stock after selling 619 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Autodesk were worth $1,710,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares during the last quarter. Harfst & Associates Inc. bought a new position in Autodesk in the 2nd quarter worth about $150,000. IFP Advisors Inc increased its stake in Autodesk by 9.3% in the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after acquiring an additional 145 shares during the last quarter. Kanawha Capital Management LLC bought a new position in Autodesk in the 2nd quarter worth about $202,000. Finally, First Personal Financial Services increased its stake in Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after acquiring an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.
A number of equities analysts have recently issued reports on ADSK shares. Evercore ISI set a $135.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and issued a $128.00 price objective on shares of Autodesk in a report on Friday, October 6th. Robert W. Baird set a $125.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Friday, August 25th. Berenberg Bank started coverage on Autodesk in a report on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective for the company. Finally, BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Autodesk has a consensus rating of “Buy” and an average price target of $118.26.
Shares of Autodesk, Inc. (NASDAQ:ADSK) opened at $124.85 on Friday. Autodesk, Inc. has a fifty-two week low of $67.15 and a fifty-two week high of $126.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, topping the 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 business had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter last year, the business posted $0.05 EPS. The business’s revenue was down 8.9% on a year-over-year basis. equities analysts predict that Autodesk, Inc. will post -1.38 EPS for the current fiscal year.
In other news, Director Lorrie M. Norrington sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $111.12, for a total value of $2,778,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,789 shares of company stock valued at $9,189,363. Company insiders own 6.10% of the company’s stock.
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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