UMB Bank n.a. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 2.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,864 shares of the software company’s stock after purchasing an additional 160 shares during the quarter. UMB Bank n.a.’s holdings in Autodesk were worth $1,221,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Elequin Securities LLC bought a new stake in shares of Autodesk during the fourth quarter valued at about $26,000. Financial Avengers Inc. bought a new stake in shares of Autodesk during the fourth quarter valued at about $29,000. Tobam bought a new stake in shares of Autodesk during the fourth quarter valued at about $33,000. First Manhattan Co. raised its stake in shares of Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Finally, Worth Asset Management LLC acquired a new position in Autodesk during the first quarter worth about $36,000. 86.93% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CEO Andrew Anagnost sold 2,847 shares of Autodesk stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total transaction of $560,147.25. Following the completion of the sale, the chief executive officer now directly owns 85,452 shares in the company, valued at approximately $16,812,681. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Betsy Rafael sold 309 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $205.09, for a total value of $63,372.81. Following the completion of the sale, the director now directly owns 4,506 shares in the company, valued at approximately $924,135.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 2,847 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total value of $560,147.25. Following the completion of the sale, the chief executive officer now owns 85,452 shares of the company’s stock, valued at $16,812,681. The disclosure for this sale can be found here. Insiders sold a total of 9,805 shares of company stock worth $1,931,672 in the last three months. 0.14% of the stock is owned by insiders.
Autodesk Trading Down 1.9 %
Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings results on Thursday, May 25th. The software company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Autodesk had a return on equity of 100.54% and a net margin of 16.42%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, analysts predict that Autodesk, Inc. will post 4.54 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on ADSK shares. Citigroup lowered their target price on Autodesk from $265.00 to $241.00 and set a “buy” rating on the stock in a report on Tuesday, May 23rd. Stifel Nicolaus lowered their target price on Autodesk from $245.00 to $240.00 in a report on Friday, May 19th. William Blair started coverage on Autodesk in a report on Monday, April 17th. They set an “outperform” rating on the stock. Bank of America lifted their target price on Autodesk from $225.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Finally, Argus lowered their target price on Autodesk from $290.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $231.84.
Autodesk Profile
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
Read More
- Get a free research report on Autodesk from StockNews.com
- Smartsheet Investors’ Hasty Exit Can Be Your Gain
- Agilent Technologies Stock: Ready to Rise off the Floor
- Oilfield Services Growing Faster Than Wider Energy Sector
- La-Z-Boy Reclines To The Buy Zone As Industry Normalizes
- Five stocks we like better than Autodesk
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.
