Trading Report: Today, Exxonmobil Investment Management Inc. TX Cuts Stake in Autodesk Inc. (ADSK)

Today, Exxonmobil Investment Management Inc. TX Cuts Stake in Autodesk Inc. (ADSK)

Exxonmobil Investment Management Inc. TX decreased its stake in Autodesk Inc. (NASDAQ:ADSK) by 14.2% during the third quarter, Holdings Channel reports. The fund owned 49,858 shares of the software company’s stock after selling 8,277 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Autodesk were worth $3,606,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADSK. Euclid Advisors LLC raised its position in shares of Autodesk by 11.8% in the first quarter. Euclid Advisors LLC now owns 43,130 shares of the software company’s stock valued at $2,515,000 after buying an additional 4,541 shares during the period. Private Asset Management Inc. purchased a new position in shares of Autodesk during the second quarter valued at about $1,606,000. British Columbia Investment Management Corp raised its position in shares of Autodesk by 26.0% in the second quarter. British Columbia Investment Management Corp now owns 129,257 shares of the software company’s stock valued at $6,998,000 after buying an additional 26,677 shares during the period. DNB Asset Management AS raised its position in shares of Autodesk by 2.3% in the second quarter. DNB Asset Management AS now owns 17,528 shares of the software company’s stock valued at $949,000 after buying an additional 400 shares during the period. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Autodesk by 0.9% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 191,856 shares of the software company’s stock valued at $10,387,000 after buying an additional 1,734 shares during the period. Institutional investors own 96.18% of the company’s stock.

Autodesk Inc. (NASDAQ:ADSK) traded down 0.86% during mid-day trading on Monday, hitting $75.18. The stock had a trading volume of 1,614,447 shares. The stock’s market cap is $16.68 billion. Autodesk Inc. has a 1-year low of $41.60 and a 1-year high of $78.58. The firm’s 50-day moving average price is $72.24 and its 200-day moving average price is $64.03.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 25th. The software company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $550.70 million for 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%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. On average, equities analysts expect that Autodesk Inc. will post ($0.60) earnings per share for the current year.

Several equities analysts have recently issued reports on ADSK shares. Barclays PLC upped their price target on Autodesk from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, August 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $54.00 price target on shares of Autodesk in a research note on Thursday, August 25th. Evercore ISI started coverage on Autodesk in a research note on Wednesday, September 14th. They set a “buy” rating and a $80.00 price target on the stock. Cowen and Company upped their price target on Autodesk from $68.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, August 26th. Finally, Mitsubishi UFJ Financial Group lowered Autodesk from an “equal weight” rating to an “underweight” rating and set a $50.00 price target on the stock. in a research note on Monday, August 29th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $68.42.

In related news, SVP Jan Becker sold 17,363 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $71.48, for a total transaction of $1,241,107.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Richard Scott Herren sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $68.91, for a total value of $103,365.00. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

Autodesk Company Profile

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.

Related posts

Leave a Comment