Meiji Yasuda Asset Management Co Ltd. Has $268,000 Position in Autodesk, Inc. (ADSK)
Meiji Yasuda Asset Management Co Ltd. held its stake in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,656 shares of the software company’s stock at the end of the second quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Autodesk were worth $268,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in ADSK. Trillium Asset Management LLC increased its stake in Autodesk by 2.1% in the first quarter. Trillium Asset Management LLC now owns 142,088 shares of the software company’s stock worth $12,286,000 after buying an additional 2,958 shares during the last quarter. Tyers Asset Management LLC increased its stake in Autodesk by 0.7% in the first quarter. Tyers Asset Management LLC now owns 4,464 shares of the software company’s stock worth $386,000 after buying an additional 32 shares during the last quarter. ING Groep NV increased its stake in Autodesk by 90.6% in the first quarter. ING Groep NV now owns 10,467 shares of the software company’s stock worth $905,000 after buying an additional 4,976 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Autodesk by 10.1% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 33,765 shares of the software company’s stock worth $2,920,000 after buying an additional 3,088 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Autodesk during the first quarter worth $372,000. Institutional investors own 94.26% of the company’s stock.
Autodesk, Inc. (ADSK) opened at 113.29 on Thursday. The firm’s market capitalization is $24.87 billion. Autodesk, Inc. has a 52-week low of $65.06 and a 52-week high of $119.73. The stock’s 50 day moving average price is $109.09 and its 200 day moving average price is $97.98.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.05. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. The firm had revenue of $501.80 million for the quarter, compared to analysts’ expectations of $493.98 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. On average, analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
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A number of research firms have recently weighed in on ADSK. Robert W. Baird set a $125.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Friday, August 25th. Evercore ISI reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Autodesk in a research note on Friday, August 25th. ValuEngine raised Autodesk from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Sanford C. Bernstein initiated coverage on Autodesk in a research note on Wednesday, May 24th. They set an “outperform” rating and a $137.00 price objective for the company. Finally, Berenberg Bank initiated coverage on Autodesk in a research note on Wednesday, August 23rd. They set a “buy” rating and a $136.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $116.35.
In other news, insider Andrew Anagnost sold 24,004 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $112.73, for a total transaction of $2,705,970.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 6,638 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $112.71, for a total transaction of $748,168.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,709 shares of company stock worth $20,296,742. Corporate 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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