Zurcher Kantonalbank Zurich Cantonalbank Sells 3,957 Shares of Autodesk, Inc. (ADSK)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 129,634 shares of the software company’s stock after selling 3,957 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Autodesk were worth $20,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commerce Bank grew its stake in shares of Autodesk by 2.9% during the third quarter. Commerce Bank now owns 14,746 shares of the software company’s stock valued at $2,302,000 after acquiring an additional 412 shares in the last quarter. Advisor Partners LLC grew its stake in shares of Autodesk by 6.9% during the second quarter. Advisor Partners LLC now owns 6,564 shares of the software company’s stock valued at $860,000 after acquiring an additional 423 shares in the last quarter. HL Financial Services LLC grew its stake in shares of Autodesk by 8.3% during the second quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock valued at $727,000 after acquiring an additional 425 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Autodesk by 1.5% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 29,678 shares of the software company’s stock valued at $4,633,000 after acquiring an additional 439 shares in the last quarter. Finally, HPM Partners LLC grew its stake in shares of Autodesk by 11.3% during the second quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock valued at $588,000 after acquiring an additional 457 shares in the last quarter. Hedge funds and other institutional investors own 95.88% of the company’s stock.

Shares of ADSK stock opened at $132.69 on Friday. Autodesk, Inc. has a one year low of $101.55 and a one year high of $159.94. The stock has a market cap of $29.52 billion, a PE ratio of -82.93, a P/E/G ratio of 113.62 and a beta of 1.97.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 20th. The software company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Autodesk had a negative net margin of 13.37% and a negative return on equity of 3,087.49%. The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $641.07 million. During the same quarter last year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. On average, research analysts forecast that Autodesk, Inc. will post 0.05 EPS for the current fiscal year.

In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $149.77, for a total transaction of $149,770.00. The disclosure for this sale can be found here. Insiders sold 29,009 shares of company stock worth $4,431,583 in the last three months. 0.14% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the company. Oppenheimer raised their target price on Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. CIBC raised their target price on Autodesk from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 24th. BidaskClub upgraded Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research restated a “hold” rating on shares of Autodesk in a research note on Monday, November 12th. Finally, Credit Suisse Group increased their price target on shares of Autodesk from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and an average target price of $160.63.

ILLEGAL ACTIVITY WARNING: This news story was reported by WKRB News and is the property of of WKRB News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.wkrb13.com/2018/11/24/zurcher-kantonalbank-zurich-cantonalbank-sells-3957-shares-of-autodesk-inc-adsk.html.

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; 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.

Read More: What is a balanced fund?

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply