Avestar Capital LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 880 shares of the software company’s stock, valued at approximately $210,000.
Several other large investors also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its stake in Autodesk by 458.6% in the 1st quarter. Altshuler Shaham Ltd now owns 162 shares of the software company’s stock worth $26,000 after acquiring an additional 133 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Autodesk during the first quarter worth $31,000. Nvwm LLC acquired a new stake in Autodesk during the first quarter worth $31,000. Clean Yield Group boosted its position in shares of Autodesk by 71.5% during the first quarter. Clean Yield Group now owns 223 shares of the software company’s stock worth $35,000 after buying an additional 93 shares during the period. Finally, Ameritas Investment Company LLC purchased a new position in shares of Autodesk during the first quarter worth $41,000. Institutional investors own 91.84% of the company’s stock.
ADSK has been the subject of several research analyst reports. Barclays raised their price target on Autodesk from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Deutsche Bank lowered their price target on Autodesk from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. OTR Global lowered Autodesk to a “positive” rating in a research report on Thursday, May 7th. Canaccord Genuity raised their price target on Autodesk from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Wedbush lowered their price target on Autodesk from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. Autodesk currently has an average rating of “Buy” and an average price target of $222.08.
ADSK opened at $236.43 on Friday. The business’s 50-day simple moving average is $236.77 and its 200-day simple moving average is $197.75. Autodesk, Inc. has a one year low of $125.38 and a one year high of $251.39. The stock has a market capitalization of $51.83 billion, a P/E ratio of 172.58, a price-to-earnings-growth ratio of 2.60 and a beta of 1.61.
Autodesk (NASDAQ:ADSK) last posted its earnings results on Wednesday, May 27th. The software company reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.05. Autodesk had a negative return on equity of 230.16% and a net margin of 8.91%. The business had revenue of $866.00 million for the quarter, compared to analysts’ expectations of $867.96 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts forecast that Autodesk, Inc. will post 2.29 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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