Czech National Bank lessened its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 0.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,352 shares of the software company’s stock after selling 66 shares during the quarter. Czech National Bank’s holdings in Autodesk were worth $5,187,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Guggenheim Capital LLC increased its position in Autodesk by 7.5% in the first quarter. Guggenheim Capital LLC now owns 44,668 shares of the software company’s stock worth $9,298,000 after purchasing an additional 3,105 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Autodesk by 4.9% in the 1st quarter. Caprock Group LLC now owns 2,702 shares of the software company’s stock valued at $562,000 after acquiring an additional 127 shares during the last quarter. Two Sigma Advisers LP grew its position in Autodesk by 3.4% in the first quarter. Two Sigma Advisers LP now owns 1,067,600 shares of the software company’s stock worth $222,232,000 after acquiring an additional 35,100 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Autodesk by 19.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 51,840 shares of the software company’s stock worth $9,687,000 after acquiring an additional 8,260 shares during the last quarter. Finally, Securian Asset Management Inc. raised its position in Autodesk by 0.6% during the first quarter. Securian Asset Management Inc. now owns 18,027 shares of the software company’s stock valued at $3,752,000 after purchasing an additional 105 shares during the period. 87.92% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on ADSK shares. KeyCorp increased their target price on shares of Autodesk from $244.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Citigroup reaffirmed a “buy” rating and issued a $261.00 price objective (down previously from $277.00) on shares of Autodesk in a research report on Thursday, August 24th. Stifel Nicolaus lifted their price target on shares of Autodesk from $240.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday, August 24th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price objective on shares of Autodesk in a report on Friday. Finally, Piper Sandler reissued an “overweight” rating and set a $240.00 price target on shares of Autodesk in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $236.28.
Insider Transactions at Autodesk
In related news, Director Betsy Rafael sold 309 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $203.00, for a total transaction of $62,727.00. Following the sale, the director now directly owns 4,781 shares of the company’s stock, valued at $970,543. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Betsy Rafael sold 309 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $203.00, for a total value of $62,727.00. Following the completion of the transaction, the director now directly owns 4,781 shares in the company, valued at approximately $970,543. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Anagnost sold 22,318 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the sale, the chief executive officer now owns 99,327 shares in the company, valued at approximately $22,040,661.30. The disclosure for this sale can be found here. Insiders have sold 27,707 shares of company stock worth $6,139,461 over the last quarter. 0.14% of the stock is currently owned by insiders.
Autodesk Stock Performance
ADSK opened at $213.35 on Friday. The firm has a 50 day moving average of $211.64 and a two-hundred day moving average of $204.38. The firm has a market capitalization of $45.61 billion, a PE ratio of 52.81, a P/E/G ratio of 2.87 and a beta of 1.49. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.89. Autodesk, Inc. has a 12-month low of $179.61 and a 12-month high of $233.69.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. Autodesk had a net margin of 16.77% and a return on equity of 90.61%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $1.04 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, analysts anticipate that Autodesk, Inc. will post 4.68 EPS for the current year.
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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