Oakbrook Investments LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 423,399 shares of the software company’s stock after selling 22,915 shares during the period. Autodesk comprises about 2.4% of Oakbrook Investments LLC’s holdings, making the stock its 3rd largest position. Oakbrook Investments LLC owned 0.19% of Autodesk worth $36,611,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Autodesk during the third quarter worth $101,000. Parallel Advisors LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $137,000. Independent Advisor Alliance purchased a new stake in shares of Autodesk during the fourth quarter worth $138,000. Baird Financial Group Inc. boosted its stake in shares of Autodesk by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,838 shares of the software company’s stock worth $210,000 after buying an additional 29 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Autodesk during the fourth quarter worth $216,000. 97.13% of the stock is owned by institutional investors.
Shares of Autodesk, Inc. (NASDAQ:ADSK) traded up 0.55% during midday trading on Thursday, reaching $88.41. 1,594,459 shares of the company’s stock traded hands. The stock’s market cap is $19.53 billion. Autodesk, Inc. has a 52-week low of $49.82 and a 52-week high of $89.18. The stock has a 50 day moving average of $85.61 and a 200-day moving average of $79.21.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, March 2nd. The software company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.34) by $0.06. Autodesk had a negative net margin of 20.30% and a negative return on equity of 13.74%. The firm had revenue of $478.80 million for the quarter, compared to analyst estimates of $476.06 million. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 26.1% compared to the same quarter last year. On average, equities research analysts expect that Autodesk, Inc. will post ($0.60) EPS for the current year.
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ADSK has been the subject of a number of analyst reports. Canaccord Genuity restated a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Autodesk in a research note on Friday, March 3rd. Griffin Securities boosted their price objective on shares of Autodesk from $94.00 to $99.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Evercore ISI set a $96.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research note on Tuesday, February 7th. Finally, Guggenheim restated a “neutral” rating and issued a $80.00 price objective on shares of Autodesk in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $82.07.
In other Autodesk news, Director Mary T. Mcdowell sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $87.91, for a total value of $1,758,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $82.48, for a total transaction of $577,360.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,202 shares of company stock worth $11,049,075. Insiders own 6.20% of the company’s stock.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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