Autodesk (ADSK) : Laurion Capital Management Lp scooped up 375,900 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 416,200 shares of Autodesk which is valued at $24.1 Million.Autodesk makes up approximately 2.18% of Laurion Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Peak6 Investments added ADSK to its portfolio by purchasing 214,933 company shares during the most recent quarter which is valued at $12.4 Million. Autodesk makes up approx 1.00% of Peak6 Investments’s portfolio.Mutual Of America Capital Management reduced its stake in ADSK by selling 649 shares or 2.56% in the most recent quarter. The Hedge Fund company now holds 24,686 shares of ADSK which is valued at $1.4 Million. Autodesk makes up approx 0.03% of Mutual Of America Capital Management’s portfolio.Blackrock Advisors reduced its stake in ADSK by selling 508,072 shares or 72.61% in the most recent quarter. The Hedge Fund company now holds 191,626 shares of ADSK which is valued at $11.1 Million. Autodesk makes up approx 0.01% of Blackrock Advisors’s portfolio. Timber Hill added ADSK to its portfolio by purchasing 24,353 company shares during the most recent quarter which is valued at $1.4 Million. Autodesk makes up approx 0.11% of Timber Hill’s portfolio. Lmr Partners Llp sold out all of its stake in ADSK during the most recent quarter. The investment firm sold 11,008 shares of ADSK which is valued $645,729.
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.