Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 62.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,447 shares of the software company’s stock after selling 288,461 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Autodesk worth $26,608,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in ADSK. Morgan Stanley increased its stake in shares of Autodesk by 197.1% during the 2nd quarter. Morgan Stanley now owns 1,802,152 shares of the software company’s stock worth $236,244,000 after purchasing an additional 1,195,537 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Autodesk by 5,008.4% during the 2nd quarter. Brown Advisory Inc. now owns 1,058,418 shares of the software company’s stock worth $138,748,000 after buying an additional 1,037,699 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Autodesk by 248,332.3% during the 2nd quarter. Macquarie Group Ltd. now owns 993,729 shares of the software company’s stock worth $130,268,000 after buying an additional 993,329 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Autodesk by 363.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,146,506 shares of the software company’s stock worth $150,295,000 after buying an additional 898,919 shares during the period. Finally, Nomura Holdings Inc. boosted its holdings in shares of Autodesk by 101.0% during the 2nd quarter. Nomura Holdings Inc. now owns 8,532 shares of the software company’s stock worth $1,118,000 after buying an additional 830,900 shares during the period. Institutional investors own 95.88% of the company’s stock.
Shares of Autodesk stock opened at $145.55 on Friday. The stock has a market cap of $31.30 billion, a P/E ratio of -90.97, a PEG ratio of 42.45 and a beta of 1.97. Autodesk, Inc. has a 12-month low of $101.55 and a 12-month high of $159.94.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $641.07 million. Autodesk had a negative net margin of 13.37% and a negative return on equity of 3,087.49%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.12) EPS. Analysts expect that Autodesk, Inc. will post 0.09 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Argus raised shares of Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a report on Friday, November 23rd. Oppenheimer reduced their price target on shares of Autodesk from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, November 21st. Credit Suisse Group set a $160.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Tuesday, November 20th. UBS Group increased their price target on shares of Autodesk to $76.00 and gave the company an “underweight” rating in a report on Wednesday, November 21st. Finally, Wedbush reissued a “neutral” rating and issued a $145.00 price target (down from $146.00) on shares of Autodesk in a report on Monday, November 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $160.63.
In other Autodesk news, CEO Andrew Anagnost sold 23,008 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $152.03, for a total value of $3,497,906.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $149.77, for a total transaction of $149,770.00. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
Recommended Story: Intrinsic Value
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.