Mackay Shields LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,781 shares of the software company’s stock after acquiring an additional 1,798 shares during the period. Mackay Shields LLC’s holdings in Autodesk were worth $7,205,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massey Quick Simon & CO. LLC lifted its stake in shares of Autodesk by 235.5% during the third quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock worth $31,000 after buying an additional 146 shares during the period. Candriam Luxembourg S.C.A. lifted its position in Autodesk by 16.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 246,534 shares of the software company’s stock valued at $36,000 after purchasing an additional 34,953 shares during the period. Marquette Asset Management LLC lifted its position in Autodesk by 454.5% during the third quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. Bridger Capital Management LLC acquired a new position in Autodesk during the third quarter valued at $42,000. Finally, Usca Ria LLC acquired a new position in Autodesk during the third quarter valued at $44,000. Institutional investors own 93.22% of the company’s stock.
A number of research firms recently issued reports on ADSK. Barclays decreased their target price on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. KeyCorp restated an “overweight” rating and set a $184.00 target price (down from $196.00) on shares of Autodesk in a research report on Wednesday, August 28th. Wells Fargo & Co decreased their target price on shares of Autodesk from $200.00 to $180.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Canaccord Genuity decreased their target price on shares of Autodesk from $190.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Finally, BidaskClub upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $169.48.
ADSK traded up $0.30 on Friday, reaching $152.12. The stock had a trading volume of 5,020 shares, compared to its average volume of 1,391,520. Autodesk, Inc. has a 12-month low of $117.72 and a 12-month high of $178.95. The business’s 50-day moving average price is $147.36 and its two-hundred day moving average price is $158.22. The company has a market cap of $33.32 billion, a P/E ratio of 1,376.73, a price-to-earnings-growth ratio of 2.65 and a beta of 1.85.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Autodesk had a net margin of 1.95% and a negative return on equity of 59.32%. The firm had revenue of $796.80 million during the quarter, compared to analysts’ expectations of $788.00 million. During the same period in the previous year, the firm posted $0.19 EPS. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. Analysts predict that Autodesk, Inc. will post 1.51 EPS for the current year.
In other Autodesk news, CAO Stephen W. Hope sold 856 shares of Autodesk stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total value of $130,326.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,154 shares of company stock valued at $175,163 in the last ninety days. 0.12% of the stock is owned by corporate insiders.
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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