Gulf International Bank UK Ltd lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,317 shares of the software company’s stock after purchasing an additional 1,015 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Autodesk were worth $11,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Commerce Bank raised its position in shares of Autodesk by 2.9% in the 3rd quarter. Commerce Bank now owns 14,746 shares of the software company’s stock worth $2,302,000 after purchasing an additional 412 shares during the last quarter. Advisor Partners LLC raised its position in shares of Autodesk by 6.9% in the 2nd quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock worth $860,000 after purchasing an additional 423 shares during the last quarter. HL Financial Services LLC raised its position in shares of Autodesk by 8.3% in the 2nd quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock worth $727,000 after purchasing an additional 425 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in Autodesk by 1.5% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 29,678 shares of the software company’s stock worth $4,633,000 after buying an additional 439 shares in the last quarter. Finally, HPM Partners LLC increased its holdings in Autodesk by 11.3% in the 2nd quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock worth $588,000 after buying an additional 457 shares in the last quarter. 95.60% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently commented on ADSK. BidaskClub downgraded Autodesk from a “hold” rating to a “sell” rating in a report on Saturday, October 27th. Zacks Investment Research downgraded Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. ValuEngine downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Canaccord Genuity lifted their price objective on Autodesk from $165.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Finally, Evercore ISI reiterated a “buy” rating and issued a $175.00 price objective on shares of Autodesk in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the stock. Autodesk presently has an average rating of “Buy” and an average price target of $163.74.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 23rd. The software company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business had revenue of $612.00 million during the quarter, compared to the consensus estimate of $600.36 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 18.52%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) EPS. On average, equities research analysts anticipate that Autodesk, Inc. will post 0.05 earnings per share for the current year.
In other Autodesk news, Director Lorrie M. Norrington sold 5,001 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $156.75, for a total transaction of $783,906.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $149.77, for a total value of $149,770.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,009 shares of company stock valued at $4,431,583. Corporate insiders own 0.14% of the company’s stock.
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Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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