Hmi Capital buys $76.1 Million stake in Autodesk (ADSK)

Autodesk (ADSK) : Hmi Capital scooped up 395,000 additional shares in Autodesk during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,314,185 shares of Autodesk which is valued at $76.1 Million.Autodesk makes up approximately 15.93% of Hmi Capital’s portfolio.

Other Hedge Funds, Including , Stone Run Capital boosted its stake in ADSK in the latest quarter, The investment management firm added 18,550 additional shares and now holds a total of 61,974 shares of Autodesk which is valued at $3.6 Million. Autodesk makes up approx 2.26% of Stone Run Capital’s portfolio. Andra Ap-fonden added ADSK to its portfolio by purchasing 6,900 company shares during the most recent quarter which is valued at $404,754. Autodesk makes up approx 0.01% of Andra Ap-fonden’s portfolio. Checchi Capital Advisers added ADSK to its portfolio by purchasing 1,090 company shares during the most recent quarter which is valued at $63,939. Autodesk makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Autodesk opened for trading at $58.75 and hit $59.94 on the upside on Wednesday, eventually ending the session at $58.91, with a gain of 0.77% or 0.45 points. The heightened volatility saw the trading volume jump to 20,25,619 shares. Company has a market cap of $13,225 M.

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. Company shares were Reiterated by Wedbush on May 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Company shares were Reiterated by Canaccord Genuity on May 20, 2016 to “Hold”, Firm has raised the Price Target to $ 60 from a previous price target of $55 .Company shares were Reiterated by Wedbush on May 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

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.

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