Public Employees Retirement System of Ohio Has $35.03 Million Position in Autodesk, Inc. (ADSK)
Public Employees Retirement System of Ohio lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,059 shares of the software company’s stock after buying an additional 33,091 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.14% of Autodesk worth $35,032,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in ADSK. Parallel Advisors LLC grew its stake in shares of Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after buying an additional 44 shares in the last quarter. Cable Hill Partners LLC boosted its position in Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares during the period. Harfst & Associates Inc. bought a new position in Autodesk during the second quarter worth $150,000. IFP Advisors Inc boosted its position in Autodesk by 9.3% during the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares during the period. Finally, First Personal Financial Services boosted its position in Autodesk by 896.0% during the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after purchasing an additional 1,801 shares during the period. 95.51% of the stock is owned by institutional investors and hedge funds.
A number of research firms have commented on ADSK. Evercore ISI reaffirmed a “buy” rating and set a $135.00 price objective on shares of Autodesk in a research report on Wednesday, September 20th. Cowen reaffirmed a “buy” rating and set a $115.00 price objective on shares of Autodesk in a research report on Friday, August 18th. Barclays lifted their price objective on shares of Autodesk from $114.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $120.00 price objective (up from $115.00) on shares of Autodesk in a research report on Friday, August 25th. Finally, UBS reaffirmed a “buy” rating and set a $140.00 price objective on shares of Autodesk in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Autodesk has an average rating of “Buy” and a consensus price target of $132.55.
In other news, Director Crawford W. Beveridge sold 1,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total value of $169,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steven M. Blum sold 9,128 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $112.26, for a total transaction of $1,024,709.28. The disclosure for this sale can be found here. In the last three months, insiders sold 63,023 shares of company stock valued at $7,378,094. 6.10% of the stock is currently owned by company insiders.
Shares of Autodesk, Inc. (ADSK) opened at $108.40 on Friday. Autodesk, Inc. has a 52-week low of $73.60 and a 52-week high of $131.10. The company has a debt-to-equity ratio of 14.78, a quick ratio of 1.07 and a current ratio of 1.07.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. The company had revenue of $515.30 million during the quarter, compared to analysts’ expectations of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. Autodesk’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) earnings per share. equities analysts forecast that Autodesk, Inc. will post -1.36 EPS for the current fiscal year.
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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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