Natixis Advisors LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,881 shares of the software company's stock after selling 24,232 shares during the quarter. Natixis Advisors LLC owned about 0.23% of Autodesk worth $124,439,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of ADSK. GraniteShares Advisors LLC boosted its position in shares of Autodesk by 29.3% during the second quarter. GraniteShares Advisors LLC now owns 4,406 shares of the software company's stock valued at $1,090,000 after buying an additional 998 shares during the last quarter. Waterfront Wealth Inc. boosted its position in shares of Autodesk by 2.0% during the second quarter. Waterfront Wealth Inc. now owns 4,070 shares of the software company's stock valued at $1,007,000 after buying an additional 80 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Autodesk by 2.5% during the second quarter. D.A. Davidson & CO. now owns 100,085 shares of the software company's stock valued at $24,766,000 after buying an additional 2,403 shares during the last quarter. Iyo Bank Ltd. boosted its position in shares of Autodesk by 34.0% during the second quarter. Iyo Bank Ltd. now owns 20,775 shares of the software company's stock valued at $5,141,000 after buying an additional 5,270 shares during the last quarter. Finally, Summit Financial LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $301,000. Institutional investors own 90.24% of the company's stock.
Autodesk Stock Performance
Shares of NASDAQ:ADSK traded up $0.17 during midday trading on Friday, reaching $258.40. 4,054,902 shares of the company traded hands, compared to its average volume of 1,278,129. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48. The firm's fifty day moving average price is $245.97 and its two-hundred day moving average price is $239.25.
Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $1.12 EPS. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have weighed in on ADSK shares. Piper Sandler boosted their price objective on Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a research report on Friday. BMO Capital Markets boosted their price objective on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research report on Friday. Barclays boosted their price objective on Autodesk from $275.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday. Royal Bank of Canada boosted their price objective on Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Bank of America boosted their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $283.33.
Read Our Latest Research Report on ADSK
Insider Activity at Autodesk
In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the company's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,931 shares of company stock worth $9,537,781. 0.14% of the stock is owned by company insiders.
Autodesk Profile
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Free Report)
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing 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 tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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