Teachers Retirement System of The State of Kentucky Has $2.20 Million Position in Autodesk, Inc. (ADSK)
Teachers Retirement System of The State of Kentucky lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,800 shares of the software company’s stock after selling 1,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $2,198,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after acquiring an additional 44 shares in the last quarter. Harfst & Associates Inc. bought a new position in shares of Autodesk during the second quarter valued at $150,000. IFP Advisors Inc boosted its stake in shares of Autodesk by 9.3% in the 2nd quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock valued at $171,000 after purchasing an additional 145 shares in the last quarter. Kanawha Capital Management LLC acquired a new stake in shares of Autodesk in the 2nd quarter valued at $202,000. Finally, First Personal Financial Services boosted its stake in shares of Autodesk by 896.0% in the 2nd quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock valued at $202,000 after purchasing an additional 1,801 shares in the last quarter. 94.79% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Lorrie M. Norrington sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $111.12, for a total transaction of $2,778,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl Bass sold 13,377 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $99.95, for a total transaction of $1,337,031.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,762 shares of company stock valued at $10,713,784. Company insiders own 6.10% of the company’s stock.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at 112.47 on Tuesday. Autodesk, Inc. has a 52-week low of $67.15 and a 52-week high of $119.73. The company’s market cap is $24.65 billion. The company has a 50 day moving average of $112.39 and a 200-day moving average of $103.18.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. The company had revenue of $501.80 million during the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. Analysts forecast that Autodesk, Inc. will post ($0.54) EPS for the current fiscal year.
ADSK has been the topic of several analyst reports. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. KeyCorp lifted their price target on shares of Autodesk from $115.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Robert W. Baird set a $125.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Sunday. Finally, Canaccord Genuity restated a “buy” rating and issued a $120.00 price target on shares of Autodesk in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Autodesk currently has an average rating of “Buy” and an average price target of $116.35.
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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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