Cubist Systematic Strategies LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 109.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 113,723 shares of the software company’s stock after purchasing an additional 59,462 shares during the period. Cubist Systematic Strategies LLC owned about 0.05% of Autodesk worth $18,525,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Berkeley Capital Partners LLC lifted its stake in shares of Autodesk by 1.8% in the second quarter. Berkeley Capital Partners LLC now owns 3,817 shares of the software company’s stock worth $622,000 after acquiring an additional 69 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Autodesk by 1.5% during the first quarter. Pictet Asset Management Ltd. now owns 1,866,083 shares of the software company’s stock valued at $290,773,000 after acquiring an additional 28,355 shares during the last quarter. BB&T Securities LLC increased its position in shares of Autodesk by 6.7% during the second quarter. BB&T Securities LLC now owns 59,883 shares of the software company’s stock worth $9,755,000 after buying an additional 3,742 shares during the period. PNC Financial Services Group Inc. grew its holdings in Autodesk by 13.8% in the first quarter. PNC Financial Services Group Inc. now owns 49,570 shares of the software company’s stock worth $7,725,000 after purchasing an additional 6,006 shares during the period. Finally, Swiss National Bank grew its holdings in shares of Autodesk by 2.6% during the first quarter. Swiss National Bank now owns 729,699 shares of the software company’s stock valued at $113,702,000 after buying an additional 18,500 shares during the last quarter. Hedge funds and other institutional investors own 93.27% of the company’s stock.
ADSK has been the topic of several research reports. Wedbush reissued a “neutral” rating and issued a $149.00 price target (down previously from $164.00) on shares of Autodesk in a research report on Monday, August 26th. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “strong sell” rating and set a $169.00 price target on the stock. in a research report on Monday, June 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Autodesk from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, August 28th. KeyCorp reaffirmed an “overweight” rating and set a $184.00 price objective (down previously from $196.00) on shares of Autodesk in a research note on Wednesday, August 28th. Finally, Barclays reduced their price objective on shares of Autodesk from $199.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $169.48.
NASDAQ ADSK traded up $0.30 during trading on Friday, hitting $153.68. The company had a trading volume of 410,863 shares, compared to its average volume of 3,203,404. Autodesk, Inc. has a one year low of $117.72 and a one year high of $178.95. The company has a market cap of $33.74 billion, a price-to-earnings ratio of 1,397.05, a price-to-earnings-growth ratio of 2.68 and a beta of 1.84. The company’s fifty day moving average is $147.75 and its 200-day moving average is $161.36.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.04). Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The company had revenue of $796.80 million during the quarter, compared to the consensus estimate of $788.00 million. During the same quarter last year, the company posted $0.19 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. As a group, equities research analysts expect that Autodesk, Inc. will post 1.51 EPS for the current fiscal year.
In other news, CAO Stephen W. Hope sold 856 shares of the company’s stock in a transaction dated 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 filing with the SEC, which is available through this link. 0.12% of the stock is currently 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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