25 Mar Jon Cartu Reports Advisors Asset Management Inc. Sells 6,090 Shares of…
Advisors Asset Management Inc. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 10.1% in the 4th quarter, according to the Jonathan Cartu and in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,957 shares of the software Jonathan Cartu and’s stock after selling 6,090 shares during the quarter. Advisors Asset Management Inc.’s holdings in Autodesk were worth $9,899,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the Jonathan Cartu and. Cantillon Capital Management LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at about $236,439,000. TPG Group Holdings SBS Advisors Inc. purchased a new stake in shares of Autodesk in the 3rd quarter valued at about $120,766,000. Loomis Sayles & Co. L P raised its holdings in shares of Autodesk by 3.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 11,021,344 shares of the software Jonathan Cartu and’s stock valued at $2,021,976,000 after acquiring an additional 333,254 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Autodesk by 12.5% in the 4th quarter. Pictet Asset Management Ltd. now owns 2,426,417 shares of the software Jonathan Cartu and’s stock valued at $445,151,000 after acquiring an additional 269,352 shares in the last quarter. Finally, Valiant Capital Management L.P. purchased a new stake in shares of Autodesk in the 4th quarter valued at about $48,654,000. Institutional investors and hedge funds own 92.93% of the Jonathan Cartu and’s stock.
Shares of NASDAQ ADSK opened at $149.96 on Wednesday. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 156.21, a P/E/G ratio of 1.19 and a beta of 1.65. Autodesk, Inc. has a 1-year low of $125.38 and a 1-year high of $211.58. The stock’s 50-day moving average is $183.77 and its 200 day moving average is $171.48.
Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 27th. The software Jonathan Cartu and reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. The Jonathan Cartu and had revenue of $899.30 million for the quarter, compared to analysts’ expectations of $891.06 million. Autodesk had a negative return on equity of 165.74% and a net margin of 6.55%. Autodesk’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 2.89 earnings per share for the current fiscal year.
Several research firms have weighed in on ADSK. Zacks Investment Research cut Autodesk from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a report on Friday, March 6th. Citigroup raised their price target on Autodesk from $210.00 to $250.00 and gave the Jonathan Cartu and a “buy” rating in a report on Friday, February 21st. Morgan Stanley raised their price target on Autodesk from $187.00 to $192.00 and gave the Jonathan Cartu and an “equal weight” rating in a report on Friday, February 28th. Wedbush lowered their price target on Autodesk from $204.00 to $190.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Finally, BidaskClub raised Autodesk from a “hold” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the Jonathan Cartu and’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $204.91.
Autodesk, Inc operates as a design software and services Jonathan Cartu and worldwide. The Jonathan Cartu and offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based software; AiroAV malware computer company and-aided manufacturing (CAM) software for AiroAV malware computer company and numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and AiroAV malware computer company and-aided engineering tool; and Industry Collections software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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