Autodesk Inc. (ADSK) Short Interest Down 17.3% in September
Autodesk Inc. (NASDAQ:ADSK) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 7,441,183 shares, a decrease of 17.3% from the September 15th total of 9,001,406 shares. Approximately 3.4% of the shares of the company are sold short. Based on an average daily volume of 2,282,645 shares, the short-interest ratio is currently 3.3 days.
Shares of Autodesk (NASDAQ:ADSK) opened at 69.29 on Friday. Autodesk has a 12 month low of $41.60 and a 12 month high of $73.40. The firm’s market capitalization is $15.37 billion. The company has a 50 day moving average of $69.49 and a 200-day moving average of $61.06.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 25th. The software company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.18. The business earned $550.70 million during the quarter, compared to the consensus estimate of $511.49 million. Autodesk had a negative return on equity of 5.95% and a negative net margin of 15.05%. Autodesk’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Analysts predict that Autodesk will post ($0.60) EPS for the current year.
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In related news, SVP Andrew Anagnost sold 4,525 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $70.00, for a total transaction of $316,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Fronzo Pascal W. Di sold 5,109 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $60.87, for a total transaction of $310,984.83. The disclosure for this sale can be found here. Corporate insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. University of Notre Dame DU Lac increased its position in shares of Autodesk by 72.2% in the first quarter. University of Notre Dame DU Lac now owns 29,447 shares of the software company’s stock valued at $1,717,000 after buying an additional 12,351 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Autodesk by 1.9% in the first quarter. Geode Capital Management LLC now owns 1,884,341 shares of the software company’s stock valued at $109,660,000 after buying an additional 34,526 shares during the last quarter. Loomis Sayles & Co. L P increased its position in shares of Autodesk by 6.8% in the first quarter. Loomis Sayles & Co. L P now owns 8,062,264 shares of the software company’s stock valued at $470,111,000 after buying an additional 516,484 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of Autodesk by 54.4% in the first quarter. Pictet Asset Management Ltd. now owns 342,425 shares of the software company’s stock valued at $17,718,000 after buying an additional 120,598 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Autodesk during the first quarter valued at approximately $109,000. 97.07% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently issued reports on ADSK shares. Evercore ISI started coverage on shares of Autodesk in a report on Wednesday, September 14th. They set a “buy” rating and a $80.00 price target for the company. Zacks Investment Research raised shares of Autodesk from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Tuesday, October 4th. Pacific Crest reissued an “equal weight” rating and set a $81.00 price target on shares of Autodesk in a report on Tuesday, July 12th. Citigroup Inc. set a $65.00 price target on shares of Autodesk and gave the stock a “hold” rating in a report on Sunday, August 28th. Finally, Canaccord Genuity increased their price target on shares of Autodesk from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Friday, August 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $67.53.
Autodesk, Inc (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries.
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