Boothbay Fund Management LLC cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,786 shares of the software company’s stock after selling 3,317 shares during the quarter. Boothbay Fund Management LLC’s holdings in Autodesk were worth $2,670,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Autodesk by 4.2% in the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares during the period. Cable Hill Partners LLC grew its holdings in Autodesk by 276.7% in the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after purchasing an additional 949 shares during the period. Harfst & Associates Inc. acquired a new stake in Autodesk in the second quarter worth $150,000. IFP Advisors Inc grew its holdings in Autodesk by 9.3% in the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares during the period. Finally, First Personal Financial Services grew its holdings in Autodesk by 896.0% in the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after purchasing an additional 1,801 shares during the period. Institutional investors own 95.85% of the company’s stock.
ADSK has been the subject of a number of research reports. KeyCorp restated a “buy” rating and issued a $128.00 price target on shares of Autodesk in a report on Friday, November 10th. Canaccord Genuity restated a “buy” rating and issued a $140.00 price target (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Royal Bank Of Canada restated a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Cowen raised their price target on shares of Autodesk from $115.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, August 25th. Finally, Evercore ISI set a $135.00 price objective on shares of Autodesk and gave the company a “buy” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.10.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.01. The company had revenue of $515.30 million for the quarter, compared to analyst estimates of $513.63 million. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the firm earned ($0.18) earnings per share. research analysts expect that Autodesk, Inc. will post -1.36 earnings per share for the current year.
In other Autodesk news, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lorrie M. Norrington sold 25,000 shares of Autodesk stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $111.12, for a total transaction of $2,778,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,523 shares of company stock worth $7,218,659. Insiders own 6.10% 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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