Banco Santander S.A. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 14.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,792 shares of the software company’s stock after buying an additional 7,102 shares during the quarter. Banco Santander S.A.’s holdings in Autodesk were worth $9,021,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Capital Research Global Investors grew its holdings in shares of Autodesk by 2.7% during the 4th quarter. Capital Research Global Investors now owns 11,491,718 shares of the software company’s stock worth $2,108,271,000 after purchasing an additional 306,710 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Autodesk by 3.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 11,021,344 shares of the software company’s stock worth $2,021,976,000 after purchasing an additional 333,254 shares in the last quarter. State Street Corp grew its holdings in shares of Autodesk by 1.5% during the 4th quarter. State Street Corp now owns 8,790,023 shares of the software company’s stock worth $1,612,618,000 after purchasing an additional 133,450 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Autodesk by 4.9% during the 4th quarter. Bank of America Corp DE now owns 4,114,813 shares of the software company’s stock worth $754,903,000 after purchasing an additional 193,907 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Autodesk by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 3,073,488 shares of the software company’s stock worth $562,578,000 after purchasing an additional 101,067 shares in the last quarter. 94.15% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on ADSK shares. Barclays reissued a “buy” rating and set a $230.00 price objective on shares of Autodesk in a report on Sunday, March 1st. Wedbush boosted their price target on Autodesk from $190.00 to $205.00 and gave the company a “neutral” rating in a research note on Friday. BidaskClub raised Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 8th. OTR Global lowered Autodesk to a “positive” rating in a research note on Thursday, May 7th. Finally, Atlantic Securities lowered Autodesk from an “overweight” rating to a “neutral” rating and set a $179.00 price target on the stock. in a research note on Thursday, April 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $196.87.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 27th. The software company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $899.30 million during the quarter, compared to the consensus estimate of $891.06 million. Autodesk had a negative return on equity of 165.74% and a net margin of 6.55%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 2.76 earnings per share for the current year.
In other news, CAO Stephen W. Hope sold 212 shares of the business’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,186 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $195.00, for a total value of $1,596,270.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,479 shares of company stock valued at $1,639,556. 0.14% of the stock is currently owned by corporate insiders.
Autodesk, Inc operates as a design software and services company worldwide. The company 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; 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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