Shelton Capital Management Has $1.83 Million Holdings in Autodesk, Inc. (ADSK)
Shelton Capital Management cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 60.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,121 shares of the software company’s stock after selling 27,602 shares during the period. Shelton Capital Management’s holdings in Autodesk were worth $1,827,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Autodesk by 2.3% in the second quarter. Vanguard Group Inc. now owns 20,418,023 shares of the software company’s stock valued at $2,058,545,000 after buying an additional 466,724 shares in the last quarter. BlackRock Inc. raised its stake in Autodesk by 4.8% in the second quarter. BlackRock Inc. now owns 15,996,693 shares of the software company’s stock valued at $1,612,787,000 after buying an additional 735,647 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Autodesk by 2.8% in the first quarter. Loomis Sayles & Co. L P now owns 9,615,501 shares of the software company’s stock valued at $831,453,000 after buying an additional 262,238 shares in the last quarter. State Street Corp raised its stake in Autodesk by 0.5% in the first quarter. State Street Corp now owns 7,978,179 shares of the software company’s stock valued at $689,876,000 after buying an additional 37,455 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in Autodesk by 18.5% in the second quarter. Franklin Resources Inc. now owns 2,792,955 shares of the software company’s stock valued at $281,589,000 after buying an additional 436,261 shares in the last quarter. Institutional investors own 94.79% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.79% during midday trading on Thursday, reaching $114.95. The company’s stock had a trading volume of 236,055 shares. The company’s market capitalization is $25.20 billion. Autodesk, Inc. has a 1-year low of $67.15 and a 1-year high of $119.73. The stock has a 50 day moving average of $112.64 and a 200-day moving average of $103.46.
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. The firm had revenue of $501.80 million for the quarter, compared to analyst estimates of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. Autodesk’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, equities research analysts anticipate that Autodesk, Inc. will post ($0.54) earnings per share for the current year.
A number of research firms have weighed in on ADSK. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. KeyCorp raised their price target on Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, August 25th. Robert W. Baird set a $125.00 price target on Autodesk and gave the company a “buy” rating in a research note on Sunday. Finally, Canaccord Genuity restated a “buy” rating and issued a $120.00 price target on shares of Autodesk in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $118.26.
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In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew Anagnost sold 24,004 shares of the firm’s 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 disclosure for this sale can be found here. Insiders sold 60,212 shares of company stock worth $6,742,238 in the last 90 days. 6.10% of the stock is owned by company 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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