Sit Investment Associates Inc. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,104 shares of the software company’s stock after purchasing an additional 8,780 shares during the quarter. Sit Investment Associates Inc.’s holdings in Autodesk were worth $4,728,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lodge Hill Capital LLC bought a new position in shares of Autodesk during the third quarter worth $26,381,000. Advisor Group Inc. boosted its position in shares of Autodesk by 17.7% during the second quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock worth $664,000 after purchasing an additional 989 shares in the last quarter. Lucha Capital Management LP bought a new position in shares of Autodesk during the second quarter worth $8,425,000. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Autodesk by 0.9% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 815,218 shares of the software company’s stock worth $91,516,000 after purchasing an additional 7,265 shares in the last quarter. Finally, Sciencast Management LP bought a new position in shares of Autodesk during the second quarter worth $403,000. 95.34% of the stock is currently owned by institutional investors.
A number of equities research analysts recently commented on the stock. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 29th. Evercore ISI set a $135.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a report on Wednesday, December 20th. Canaccord Genuity restated a “buy” rating and set a $140.00 price objective (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Guggenheim raised their price objective on shares of Autodesk from $110.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, Barclays restated an “overweight” rating and set a $135.00 price objective (up from $125.00) on shares of Autodesk in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the company. Autodesk currently has an average rating of “Buy” and an average price target of $132.77.
In other Autodesk news, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $106.29, for a total value of $159,435.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 19,577 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $125.00, for a total transaction of $2,447,125.00. The disclosure for this sale can be found here. Insiders sold a total of 38,825 shares of company stock worth $4,595,671 over the last quarter. Company insiders own 6.10% of the company’s stock.
Shares of Autodesk, Inc. (ADSK) opened at $115.91 on Friday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. Autodesk, Inc. has a 52 week low of $78.29 and a 52 week high of $131.10.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. During the same period in the previous year, the business earned ($0.18) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. analysts forecast that Autodesk, Inc. will post -1.37 EPS for the current year.
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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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