Maplelane Capital LLC trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 62.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the software companys stock after selling 500,001 shares during the period. Autodesk comprises about 1.0% of Maplelane Capital LLCs investment portfolio, making the stock its 17th biggest position. Maplelane Capital LLC owned about 0.14% of Autodesk worth $37,674,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Institutional & Family Asset Management LLC purchased a new stake in shares of Autodesk in the first quarter worth about $100,000. Delek Group Ltd. purchased a new stake in shares of Autodesk in the fourth quarter worth about $132,000. DE Burlo Group Inc. purchased a new stake in shares of Autodesk in the first quarter worth about $200,000. Virtue Capital Management LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $201,000. Finally, Chilton Investment Co. LLC purchased a new stake in shares of Autodesk in the fourth quarter worth about $210,000. Institutional investors and hedge funds own 93.96% of the companys stock.
A number of equities research analysts recently commented on ADSK shares. Robert W. Baird reiterated a buy rating and issued a $135.00 target price on shares of Autodesk in a research report on Wednesday, March 7th. Canaccord Genuity reiterated a buy rating and issued a $150.00 target price (up from $135.00) on shares of Autodesk in a research report on Wednesday, March 7th. Deutsche Bank set a $136.00 target price on Autodesk and gave the stock a buy rating in a research report on Thursday, March 1st. Evercore ISI reissued a buy rating and set a $150.00 price objective on shares of Autodesk in a research note on Wednesday, March 21st. Finally, ValuEngine raised Autodesk from a hold rating to a buy rating in a research note on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have issued a buy rating to the companys stock. The stock presently has a consensus rating of Buy and an average target price of $149.10.
In other news, SVP Steven M. Blum sold 13,870 shares of the companys stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $133.02, for a total transaction of $1,844,987.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Paul D. Underwood sold 2,089 shares of the companys stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $139.21, for a total value of $290,809.69. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,845 shares of company stock worth $7,739,554. Insiders own 0.14% of the companys stock.
Autodesk opened at $134.48 on Friday, according to Marketbeat Ratings. The company has a market cap of $30.22 billion, a PE ratio of -84.05, a price-to-earnings-growth ratio of 928.37 and a beta of 1.74. Autodesk, Inc. has a one year low of $99.22 and a one year high of $141.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of -12.34.
Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, May 24th. The software company reported $0.06 EPS for the quarter, beating analysts consensus estimates of $0.03 by $0.03. The firm had revenue of $559.90 million for the quarter, compared to analysts expectations of $558.49 million. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 24.39%. The companys quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. equities research analysts predict that Autodesk, Inc. will post 0.01 earnings per share for the current year.
This article provided by NewsEdge.