Autodesk (ADSK) : Atika Capital Management scooped up 68,500 additional shares in Autodesk during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 90,000 shares of Autodesk which is valued at $6,619,500.Autodesk makes up approximately 3.36% of Atika Capital Management’s portfolio.
Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership boosted its stake in ADSK in the latest quarter, The investment management firm added 429,254 additional shares and now holds a total of 676,354 shares of Autodesk which is valued at $49,745,837. Autodesk makes up approx 0.17% of Arrowstreet Capital Limited Partnership’s portfolio.Huntington National Bank reduced its stake in ADSK by selling 1,839 shares or 12.45% in the most recent quarter. The Hedge Fund company now holds 12,930 shares of ADSK which is valued at $906,393. Autodesk makes up approx 0.02% of Huntington National Bank’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in ADSK by selling 30,000 shares or 15.79% in the most recent quarter. The Hedge Fund company now holds 160,000 shares of ADSK which is valued at $11,380,800. Autodesk makes up approx 0.05% of State Of New Jersey Common Pension Fund D’s portfolio.
Autodesk closed down -1.56 points or -1.99% at $76.9 with 22,43,358 shares getting traded on Monday. Post opening the session at $78.21, the shares hit an intraday low of $76.48 and an intraday high of $78.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Autodesk reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 19, 2016. Analyst had a consensus of $-0.14. The company had revenue of $511.90 million for the quarter, compared to analysts expectations of $513.00 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.
Many Wall Street Analysts have commented on Autodesk. Wedbush Initiated Autodesk on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $60.Rosenblatt Downgraded Autodesk on Aug 30, 2016 to ” Sell”, Price Target of the shares are set at $54.Company shares were Reiterated by RBC Capital Mkts on Aug 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 64 from a previous price target of $60 .
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. The Company operates in four segments: Architecture Engineering and Construction (AEC) Platform Solutions and Emerging Business (PSEB) Manufacturing (MFG) and Media and Entertainment (M&E). The PSEB AEC and MFG segments offer a range of services including consulting support and training. The M&E segment offers software products to creative professionals post-production facilities and broadcasters for a variety of applications including feature films television programs commercials music and corporate videos interactive game production Web design and interactive Web streaming.