29 Mar Jon Cartu Says: Alliancebernstein L.P. Has $69.35 Million Holdings in…
Alliancebernstein L.P. increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.6% in the fourth quarter, according to the Jonathan Cartu and in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 378,034 shares of the software Jonathan Cartu and’s stock after purchasing an additional 16,635 shares during the period. Alliancebernstein L.P. owned approximately 0.17% of Autodesk worth $69,354,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Autodesk by 4.8% during the fourth quarter. Janus Henderson Group PLC now owns 2,481,459 shares of the software Jonathan Cartu and’s stock worth $455,261,000 after purchasing an additional 113,550 shares during the period. Covington Capital Management acquired a new stake in shares of Autodesk during the fourth quarter worth $167,000. BSW Wealth Partners acquired a new position in Autodesk in the fourth quarter valued at about $489,000. Man Group plc grew its stake in Autodesk by 61.0% in the fourth quarter. Man Group plc now owns 86,585 shares of the software Jonathan Cartu and’s stock valued at $15,886,000 after acquiring an additional 32,814 shares during the period. Finally, Advent International Corp MA grew its stake in Autodesk by 10.0% in the fourth quarter. Advent International Corp MA now owns 381,737 shares of the software Jonathan Cartu and’s stock valued at $70,033,000 after acquiring an additional 34,700 shares during the period. 92.93% of the stock is owned by institutional investors and hedge funds.
ADSK stock opened at $141.57 on Friday. The stock has a market capitalization of $35.32 billion, a P/E ratio of 147.47, a P/E/G ratio of 1.28 and a beta of 1.66. The business has a 50-day moving average of $180.88 and a 200-day moving average of $171.56. Autodesk, Inc. has a fifty-two week low of $125.38 and a fifty-two week high of $211.58.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 27th. The software Jonathan Cartu and reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The Jonathan Cartu and had revenue of $899.30 million during 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 in the prior year, the firm earned $0.46 earnings per share. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 2.89 earnings per share for the current fiscal year.
ADSK has been the subject of a number of research analyst reports. Deutsche Bank raised Autodesk from a “hold” rating to a “buy” rating and set a $230.00 target price for the Jonathan Cartu and in a research note on Tuesday, January 21st. Argus boosted their target price on Autodesk to $200.00 and gave the Jonathan Cartu and a “buy” rating in a research note on Tuesday, December 3rd. Credit Suisse Group boosted their target price on Autodesk from $185.00 to $210.00 and gave the Jonathan Cartu and an “outperform” rating in a research note on Monday, January 13th. Oppenheimer cut Autodesk from an “outperform” rating to a “market perform” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. boosted their target price on Autodesk from $175.00 to $181.00 and gave the Jonathan Cartu and an “underweight” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The Jonathan Cartu and has an average rating of “Hold” and an average price target of $204.91.
In other news, CAO Stephen W. Hope sold 212 shares of the Jonathan Cartu and’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $147.81, for a total transaction of $31,335.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.
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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