DekaBank Deutsche Girozentrale grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 125.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 416,006 shares of the software company’s stock after purchasing an additional 231,259 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Autodesk were worth $68,840,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in Autodesk by 7.5% during the first quarter. Signaturefd LLC now owns 841 shares of the software company’s stock worth $131,000 after acquiring an additional 59 shares during the period. Harfst & Associates Inc. raised its stake in Autodesk by 3.5% during the first quarter. Harfst & Associates Inc. now owns 1,769 shares of the software company’s stock worth $275,000 after acquiring an additional 60 shares during the period. FIL Ltd raised its stake in Autodesk by 0.7% during the first quarter. FIL Ltd now owns 8,469 shares of the software company’s stock worth $1,320,000 after acquiring an additional 62 shares during the period. Park Avenue Securities LLC raised its stake in Autodesk by 4.7% during the second quarter. Park Avenue Securities LLC now owns 1,549 shares of the software company’s stock worth $252,000 after acquiring an additional 69 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Autodesk by 2.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the software company’s stock worth $494,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.
Several equities research analysts recently weighed in on ADSK shares. Citigroup started coverage on shares of Autodesk in a research note on Monday, July 22nd. They set a “buy” rating and a $210.00 price objective on the stock. Wedbush dropped their price objective on shares of Autodesk from $166.00 to $164.00 and set a “neutral” rating on the stock in a research note on Friday, May 24th. ValuEngine lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Evercore ISI reiterated a “buy” rating and set a $190.00 price objective on shares of Autodesk in a research note on Wednesday, June 5th. Finally, BidaskClub cut shares of Autodesk from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $175.04.
ADSK stock opened at $151.81 on Wednesday. Autodesk, Inc. has a 12-month low of $117.72 and a 12-month high of $178.95. The stock has a market cap of $32.62 billion, a P/E ratio of 1,380.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.79. The business has a 50 day moving average of $163.88.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 23rd. The software company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Autodesk had a negative return on equity of 26.61% and a negative net margin of 0.82%. The company had revenue of $735.50 million during the quarter, compared to analysts’ expectations of $740.14 million. During the same quarter in the previous year, the company earned $0.06 EPS. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 1.66 earnings per share for the current fiscal year.
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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