Teacher Retirement System of Texas reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 96,448 shares of the software company’s stock after selling 16,308 shares during the quarter. Teacher Retirement System of Texas’ holdings in Autodesk were worth $15,711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Ltd. boosted its position in shares of Autodesk by 1.5% during the 1st quarter. Pictet Asset Management Ltd. now owns 1,866,083 shares of the software company’s stock valued at $290,773,000 after acquiring an additional 28,355 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Autodesk by 13.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 49,570 shares of the software company’s stock valued at $7,725,000 after buying an additional 6,006 shares during the period. Swiss National Bank raised its holdings in Autodesk by 2.6% during the 1st quarter. Swiss National Bank now owns 729,699 shares of the software company’s stock valued at $113,702,000 after buying an additional 18,500 shares during the period. Ithaka Group LLC raised its holdings in Autodesk by 103.9% during the 1st quarter. Ithaka Group LLC now owns 157,170 shares of the software company’s stock valued at $24,490,000 after buying an additional 80,086 shares during the period. Finally, UMB Bank N A MO purchased a new stake in Autodesk during the 2nd quarter valued at $4,880,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.
Several analysts recently weighed in on the company. Griffin Securities restated a “buy” rating and set a $193.00 price target (up previously from $188.00) on shares of Autodesk in a report on Friday, May 24th. Citigroup assumed coverage on Autodesk in a report on Monday, July 22nd. They set a “buy” rating and a $210.00 price target on the stock. ValuEngine lowered Autodesk from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank lowered Autodesk from a “buy” rating to a “hold” rating and decreased their price target for the company from $180.00 to $165.00 in a report on Thursday, August 15th. Finally, Evercore ISI set a $190.00 price target on Autodesk and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $174.35.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 23rd. The software company reported $0.18 earnings per share 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 business 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 business earned $0.06 EPS. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, equities research analysts predict that Autodesk, Inc. will post 1.65 earnings per share for the current fiscal year.
In other news, Director Karen Blasing sold 1,300 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $164.54, for a total transaction of $213,902.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Anagnost sold 2,434 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $169.47, for a total value of $412,489.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,773 shares of company stock worth $1,109,297. Insiders own 0.12% of the company’s stock.
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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