Zeke Capital Advisors LLC trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,302 shares of the software company’s stock after selling 201 shares during the period. Zeke Capital Advisors LLC’s holdings in Autodesk were worth $783,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ADSK. Winslow Capital Management LLC acquired a new stake in shares of Autodesk during the second quarter worth $225,864,000. Nuveen Asset Management LLC raised its holdings in shares of Autodesk by 489.9% during the second quarter. Nuveen Asset Management LLC now owns 1,152,889 shares of the software company’s stock worth $187,805,000 after acquiring an additional 957,445 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Autodesk by 28.0% during the second quarter. Janus Henderson Group PLC now owns 2,249,141 shares of the software company’s stock worth $366,384,000 after acquiring an additional 492,665 shares during the period. Egerton Capital UK LLP raised its holdings in shares of Autodesk by 21.7% during the second quarter. Egerton Capital UK LLP now owns 2,712,880 shares of the software company’s stock worth $441,928,000 after acquiring an additional 484,101 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Autodesk by 13.9% during the second quarter. Brown Advisory Inc. now owns 3,152,280 shares of the software company’s stock worth $513,507,000 after acquiring an additional 384,266 shares during the period. Institutional investors and hedge funds own 93.36% of the company’s stock.
Several brokerages have issued reports on ADSK. ValuEngine lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lowered their price target on shares of Autodesk to $175.00 and set a “positive” rating on the stock in a research note on Wednesday, August 28th. Evercore ISI reiterated a “buy” rating and issued a $190.00 price target on shares of Autodesk in a research note on Sunday, September 8th. Wedbush reiterated a “neutral” rating and issued a $149.00 price target (down from $164.00) on shares of Autodesk in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Autodesk from $165.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $169.48.
Autodesk stock opened at $139.67 on Monday. The firm has a market capitalization of $31.68 billion, a PE ratio of 1,269.73, a P/E/G ratio of 2.52 and a beta of 1.86. The company’s 50-day moving average is $148.06 and its 200-day moving average is $160.36. Autodesk, Inc. has a fifty-two week low of $117.72 and a fifty-two week high of $178.95.
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 the consensus estimate of $0.33 by ($0.04). The firm had revenue of $796.80 million for the quarter, compared to analyst estimates of $788.00 million. Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The firm’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Sell-side analysts anticipate that Autodesk, Inc. will post 1.51 earnings per share for the current fiscal year.
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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