OLD Mutual Customised Solutions Proprietary Ltd. Boosts Position in Autodesk (ADSK)

OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Autodesk (NASDAQ:ADSK) by 59.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,465 shares of the software company’s stock after acquiring an additional 3,900 shares during the quarter. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Autodesk were worth $1,097,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Cerebellum GP LLC acquired a new stake in Autodesk in the 4th quarter valued at $116,000. Exane Derivatives acquired a new stake in Autodesk in the 4th quarter valued at $199,000. Virtue Capital Management LLC acquired a new stake in Autodesk in the 4th quarter valued at $201,000. Chilton Investment Co. LLC acquired a new stake in Autodesk in the 4th quarter valued at $210,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Autodesk in the 4th quarter valued at $216,000. 95.14% of the stock is owned by institutional investors and hedge funds.

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In related news, VP Paul D. Underwood sold 2,089 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lorrie M. Norrington sold 6,005 shares of the business’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $104.40, for a total transaction of $626,922.00. The disclosure for this sale can be found here. Insiders sold a total of 16,171 shares of company stock worth $1,822,299 over the last three months. 6.10% of the stock is owned by insiders.

A number of equities analysts have issued reports on ADSK shares. UBS reaffirmed a “buy” rating and set a $140.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Wedbush downgraded shares of Autodesk from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $138.00 to $126.00 in a report on Wednesday, November 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $135.00 price objective (down from $140.00) on shares of Autodesk in a report on Wednesday, November 29th. 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. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $135.00 price objective on shares of Autodesk in a report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $140.48.

ADSK stock opened at $128.02 on Friday. The company has a quick ratio of 1.07, a current ratio of 0.88 and a debt-to-equity ratio of -6.20. The firm has a market cap of $28,945.26, a PE ratio of -49.43 and a beta of 1.82. Autodesk has a fifty-two week low of $82.70 and a fifty-two week high of $141.26.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, March 6th. The software company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. The company had revenue of $554.00 million for the quarter, compared to the consensus estimate of $544.74 million. Autodesk had a negative net margin of 27.57% and a negative return on equity of 206.64%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.28) EPS. analysts predict that Autodesk will post -0.03 earnings per share for the current fiscal year.

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Autodesk Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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