BB&T Corp lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,224 shares of the software company’s stock after selling 3,236 shares during the period. BB&T Corp’s holdings in Autodesk were worth $13,018,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in Autodesk by 2.3% in the third quarter. Morgan Stanley now owns 1,843,405 shares of the software company’s stock worth $287,774,000 after acquiring an additional 41,253 shares in the last quarter. Valley Forge Capital Management LP bought a new position in shares of Autodesk in the third quarter valued at approximately $11,896,000. Central Bank & Trust Co. bought a new position in shares of Autodesk in the fourth quarter valued at approximately $620,000. Nomura Holdings Inc. lifted its holdings in shares of Autodesk by 101.0% in the second quarter. Nomura Holdings Inc. now owns 8,532 shares of the software company’s stock valued at $1,118,000 after purchasing an additional 830,900 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Autodesk by 44.2% in the second quarter. Advisors Asset Management Inc. now owns 59,991 shares of the software company’s stock valued at $7,864,000 after purchasing an additional 18,384 shares in the last quarter. Institutional investors and hedge funds own 94.89% of the company’s stock.
A number of research analysts have recently weighed in on the company. Argus upgraded Autodesk from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a report on Friday, November 23rd. Zacks Investment Research restated a “hold” rating on shares of Autodesk in a report on Monday, November 12th. Wedbush reaffirmed a “neutral” rating and set a $145.00 price target (down from $146.00) on shares of Autodesk in a research report on Monday, November 19th. BidaskClub raised Autodesk from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Atlantic Securities assumed coverage on Autodesk in a research report on Wednesday, January 9th. They set an “overweight” rating and a $180.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $158.75.
NASDAQ:ADSK opened at $160.03 on Thursday. Autodesk, Inc. has a 1 year low of $107.41 and a 1 year high of $161.10. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of -100.02, a PEG ratio of 1.93 and a beta of 1.88.
Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $641.07 million. During the same period in the prior year, the business earned ($0.12) earnings per share. The business’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 0.09 EPS for the current fiscal year.
Autodesk Company 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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