D.A. Davidson & CO. Has $10.18 Million Position in Autodesk, Inc. (ADSK)
D.A. Davidson & CO. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,639 shares of the software company’s stock after selling 4,518 shares during the quarter. D.A. Davidson & CO.’s holdings in Autodesk were worth $10,175,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its position in Autodesk by 0.3% in the 2nd quarter. Brighton Jones LLC now owns 5,736 shares of the software company’s stock valued at $578,000 after acquiring an additional 17 shares during the period. Tdam USA Inc. increased its position in Autodesk by 0.3% in the 2nd quarter. Tdam USA Inc. now owns 7,695 shares of the software company’s stock valued at $780,000 after acquiring an additional 20 shares during the period. Ameritas Investment Partners Inc. increased its position in Autodesk by 0.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 8,511 shares of the software company’s stock valued at $858,000 after acquiring an additional 42 shares during the period. Parallel Advisors LLC increased its position in Autodesk by 4.2% in the 2nd quarter. Parallel Advisors LLC now owns 1,093 shares of the software company’s stock valued at $121,000 after acquiring an additional 44 shares during the period. Finally, Ballentine Partners LLC increased its position in Autodesk by 1.3% in the 2nd quarter. Ballentine Partners LLC now owns 5,104 shares of the software company’s stock valued at $572,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.
In other news, insider Andrew Anagnost sold 24,004 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $112.73, for a total value of $2,705,970.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,789 shares of company stock valued at $9,189,363. 6.10% of the stock is currently owned by insiders.
ADSK has been the subject of a number of research reports. Evercore ISI set a $135.00 price target on Autodesk and gave the company a “buy” rating in a research note on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Autodesk in a research note on Friday, August 25th. KeyCorp reaffirmed a “buy” rating and set a $128.00 price target on shares of Autodesk in a research note on Friday, October 6th. Robert W. Baird set a $125.00 price target on Autodesk and gave the company a “buy” rating in a research note on Sunday, October 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Autodesk in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Autodesk currently has an average rating of “Buy” and a consensus target price of $126.90.
Shares of Autodesk, Inc. (ADSK) traded up $1.43 during trading on Wednesday, hitting $127.71. The stock had a trading volume of 1,642,800 shares, compared to its average volume of 1,994,572. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 5.02. Autodesk, Inc. has a 1-year low of $68.06 and a 1-year high of $128.28.
Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 24th. The software company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The business had revenue of $501.80 million during the quarter, compared to analysts’ expectations of $493.98 million. Autodesk had a negative return on equity of 60.14% and a negative net margin of 30.01%. Autodesk’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. analysts predict that Autodesk, Inc. will post -1.38 earnings per share for the current fiscal year.
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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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