Valeo Financial Advisors LLC Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)
Valeo Financial Advisors LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 83.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379 shares of the software company’s stock after buying an additional 172 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Autodesk were worth $70,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. TPG Group Holdings SBS Advisors Inc. purchased a new stake in shares of Autodesk during the 3rd quarter valued at about $120,766,000. Findlay Park Partners LLP raised its position in shares of Autodesk by 18.1% during the 3rd quarter. Findlay Park Partners LLP now owns 2,346,803 shares of the software company’s stock valued at $346,623,000 after buying an additional 360,000 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of Autodesk by 13.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,157,065 shares of the software company’s stock valued at $318,599,000 after buying an additional 259,695 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Autodesk by 20.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,000,078 shares of the software company’s stock valued at $147,712,000 after buying an additional 171,954 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its position in shares of Autodesk by 5,770.8% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 173,422 shares of the software company’s stock valued at $25,614,000 after buying an additional 170,468 shares in the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.
In other Autodesk news, SVP Carmel Galvin sold 4,994 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total value of $923,890.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company’s stock.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The company had revenue of $842.70 million during the quarter, compared to the consensus estimate of $823.95 million. Autodesk had a net margin of 4.74% and a negative return on equity of 113.06%. Autodesk’s revenue was up 27.5% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. On average, sell-side analysts anticipate that Autodesk, Inc. will post 1.47 EPS for the current fiscal year.
ADSK has been the topic of several recent research reports. Mizuho upped their target price on shares of Autodesk from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Sanford C. Bernstein cut shares of Autodesk from an “outperform” rating to a “market perform” rating and upped their target price for the company from $189.00 to $197.00 in a research report on Monday, January 13th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating and set a $189.00 target price on the stock. in a research report on Thursday, November 28th. Argus upped their target price on shares of Autodesk to $200.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Morgan Stanley upped their target price on shares of Autodesk from $164.00 to $187.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $191.18.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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