APG Asset Management N.V. Has $18.88 Million Position in Autodesk, Inc. (ADSK)
APG Asset Management N.V. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,214 shares of the software company’s stock after purchasing an additional 12,100 shares during the period. APG Asset Management N.V. owned 0.08% of Autodesk worth $18,884,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of ADSK. Parallel Advisors LLC grew its stake in shares of Autodesk by 4.2% during the second quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock worth $121,000 after purchasing an additional 44 shares in the last quarter. Harfst & Associates Inc. acquired a new position in shares of Autodesk during the second quarter worth $150,000. IFP Advisors Inc grew its stake in shares of Autodesk by 9.3% during the second quarter. IFP Advisors Inc now owns 1,699 shares of the software company’s stock worth $171,000 after purchasing an additional 145 shares in the last quarter. Kanawha Capital Management LLC acquired a new position in shares of Autodesk during the second quarter worth $202,000. Finally, First Personal Financial Services grew its stake in shares of Autodesk by 896.0% during the second quarter. First Personal Financial Services now owns 2,002 shares of the software company’s stock worth $202,000 after purchasing an additional 1,801 shares in the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.
ADSK has been the subject of a number of analyst reports. Cowen and Company reiterated a “buy” rating and set a $115.00 target price on shares of Autodesk in a research note on Friday, August 18th. Berenberg Bank started coverage on shares of Autodesk in a research note on Wednesday, August 23rd. They issued a “buy” rating and a $136.00 price objective for the company. Canaccord Genuity restated a “buy” rating and issued a $125.00 price objective (up previously from $120.00) on shares of Autodesk in a research note on Friday, August 25th. BidaskClub downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 4th. Finally, Evercore ISI restated an “outperform” rating and issued a $135.00 price objective on shares of Autodesk in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Autodesk currently has an average rating of “Buy” and an average price target of $118.26.
Autodesk, Inc. (ADSK) opened at 123.91 on Tuesday. The stock’s market capitalization is $27.16 billion. Autodesk, Inc. has a 12-month low of $67.15 and a 12-month high of $124.28. The company’s 50-day moving average is $116.30 and its 200 day moving average is $108.02.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 24th. The software company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The firm had revenue of $501.80 million for the quarter, compared to the consensus estimate of $493.98 million. Autodesk had a negative net margin of 30.01% and a negative return on equity of 60.14%. Autodesk’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS. On average, analysts predict that Autodesk, Inc. will post ($0.54) EPS for the current year.
In related news, SVP Fronzo Pascal W. Di sold 580 shares of Autodesk stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $110.91, for a total value of $64,327.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $112.82, for a total transaction of $169,230.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,212 shares of company stock worth $6,742,238. 6.10% of the stock is currently owned by insiders.
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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