Rockefeller Capital Management L.P. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 33.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,702 shares of the software company’s stock after selling 1,894 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Autodesk were worth $1,080,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of ADSK. Janus Henderson Group PLC boosted its stake in shares of Autodesk by 48.8% in the first quarter. Janus Henderson Group PLC now owns 3,351,545 shares of the software company’s stock worth $928,911,000 after acquiring an additional 1,099,348 shares during the period. Melvin Capital Management LP bought a new position in shares of Autodesk in the first quarter worth about $291,008,000. Findlay Park Partners LLP boosted its stake in shares of Autodesk by 29.8% in the second quarter. Findlay Park Partners LLP now owns 2,804,587 shares of the software company’s stock worth $818,659,000 after acquiring an additional 643,304 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Autodesk by 13.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,581,219 shares of the software company’s stock worth $992,533,000 after acquiring an additional 426,130 shares during the period. Finally, Sustainable Growth Advisers LP boosted its stake in shares of Autodesk by 19.7% in the first quarter. Sustainable Growth Advisers LP now owns 2,508,976 shares of the software company’s stock worth $695,363,000 after acquiring an additional 413,747 shares during the period. Institutional investors and hedge funds own 85.14% of the company’s stock.
In other Autodesk news, CFO Deborah Clifford sold 5,481 shares of the business’s stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $289.81, for a total transaction of $1,588,448.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew Anagnost sold 2,434 shares of the business’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $286.18, for a total value of $696,562.12. The disclosure for this sale can be found here. Insiders have sold 32,134 shares of company stock worth $9,917,059 in the last three months. 0.11% of the stock is currently owned by corporate insiders.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, August 24th. The software company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.08. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Autodesk had a return on equity of 69.10% and a net margin of 32.54%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, analysts expect that Autodesk, Inc. will post 2.89 earnings per share for the current year.
Several research analysts have commented on ADSK shares. Rosenblatt Securities raised their price objective on Autodesk from $320.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, August 24th. Guggenheim restated a “hold” rating on shares of Autodesk in a research note on Monday, September 6th. Stifel Nicolaus reduced their price objective on Autodesk from $370.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, September 2nd. Barclays lifted their price target on Autodesk from $340.00 to $370.00 and gave the company an “overweight” rating in a research report on Tuesday, August 24th. Finally, Zacks Investment Research upgraded Autodesk from a “sell” rating to a “hold” rating and set a $324.00 price target for the company in a research report on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $330.11.
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.
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