Tpg Group Holdings (sbs) Advisors buys $92.8 Million stake in Autodesk (ADSK)

Autodesk (ADSK) : Tpg Group Holdings (sbs) Advisors scooped up 491,646 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 1,603,247 shares of Autodesk which is valued at $92.8 Million.Autodesk makes up approximately 0.97% of Tpg Group Holdings (sbs) Advisors’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in ADSK in the latest quarter, The investment management firm added 405,548 additional shares and now holds a total of 19,743,023 shares of Autodesk which is valued at $1,142.5 Million. Autodesk makes up approx 0.07% of Vanguard Group Inc’s portfolio. Gideon Capital Advisors added ADSK to its portfolio by purchasing 10,949 company shares during the most recent quarter which is valued at $633,619. Autodesk makes up approx 0.79% of Gideon Capital Advisors’s portfolio.Smith Salley Associates reduced its stake in ADSK by selling 5,934 shares or 47.73% in the most recent quarter. The Hedge Fund company now holds 6,498 shares of ADSK which is valued at $376,039. Autodesk makes up approx 0.10% of Smith Salley Associates’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. Quantbot Technologies Lp added ADSK to its portfolio by purchasing 29,855 company shares during the most recent quarter which is valued at $1.8 Million. Autodesk makes up approx 0.28% of Quantbot Technologies Lp’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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