Verdence Capital Advisors LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 74.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the software company’s stock after selling 5,090 shares during the period. Verdence Capital Advisors LLC’s holdings in Autodesk were worth $320,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at $414,972,000. Amundi raised its stake in shares of Autodesk by 26.5% in the 2nd quarter. Amundi now owns 1,787,226 shares of the software company’s stock valued at $305,545,000 after buying an additional 374,086 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Autodesk by 17,410.4% in the 2nd quarter. Castleview Partners LLC now owns 344,779 shares of the software company’s stock valued at $2,005,000 after buying an additional 342,810 shares in the last quarter. Sei Investments Co. raised its stake in shares of Autodesk by 107.2% in the 2nd quarter. Sei Investments Co. now owns 555,850 shares of the software company’s stock valued at $95,628,000 after buying an additional 287,521 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Autodesk by 64.4% in the 1st quarter. Lazard Asset Management LLC now owns 579,794 shares of the software company’s stock valued at $124,277,000 after buying an additional 227,098 shares in the last quarter. 87.89% of the stock is owned by institutional investors.
Insider Activity
In related news, Director Betsy Rafael sold 309 shares of Autodesk stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $190.96, for a total transaction of $59,006.64. Following the transaction, the director now owns 5,433 shares of the company’s stock, valued at approximately $1,037,485.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Betsy Rafael sold 309 shares of Autodesk stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $190.96, for a total transaction of $59,006.64. Following the transaction, the director now owns 5,433 shares of the company’s stock, valued at approximately $1,037,485.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 2,847 shares of Autodesk stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total transaction of $560,147.25. Following the transaction, the chief executive officer now directly owns 85,452 shares in the company, valued at approximately $16,812,681. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,016 shares of company stock valued at $2,387,630. 0.11% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Autodesk Stock Up 3.2 %
Shares of NASDAQ ADSK opened at $208.16 on Friday. The firm has a market capitalization of $44.71 billion, a PE ratio of 55.07, a price-to-earnings-growth ratio of 1.84 and a beta of 1.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.99. Autodesk, Inc. has a 1 year low of $163.20 and a 1 year high of $235.01. The firm’s 50-day moving average is $209.12 and its 200-day moving average is $202.10.
Autodesk (NASDAQ:ADSK – Get Rating) last issued its earnings results on Thursday, February 23rd. The software company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Autodesk had a net margin of 16.44% and a return on equity of 105.43%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Equities analysts expect that Autodesk, Inc. will post 4.49 EPS for the current year.
Autodesk Profile
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.
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