Ngam Advisors buys $36,887,783 stake in Autodesk (ADSK)

Autodesk (ADSK) : Ngam Advisors scooped up 34,678 additional shares in Autodesk during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 636,545 shares of Autodesk which is valued at $36,887,783.Autodesk makes up approximately 0.49% of Ngam Advisors’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in ADSK by selling 566 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 40,638 shares of ADSK which is valued at $2,354,972. Autodesk makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in ADSK by selling 5,773 shares or 11.38% in the most recent quarter. The Hedge Fund company now holds 44,965 shares of ADSK which is valued at $2,673,169. Autodesk makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Checchi Capital Advisers reduced its stake in ADSK by selling 18 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 1,072 shares of ADSK which is valued at $63,012. Autodesk makes up approx 0.02% of Checchi Capital Advisers’s portfolio. Private Asset Management Inc added ADSK to its portfolio by purchasing 29,665 company shares during the most recent quarter which is valued at $1,635,728. Autodesk makes up approx 0.29% of Private Asset Management Inc’s portfolio.

Autodesk opened for trading at $58.09 and hit $58.87 on the upside on Thursday, eventually ending the session at $58.25, with a gain of 0.52% or 0.3 points. The heightened volatility saw the trading volume jump to 16,31,293 shares. Company has a market cap of $13,086 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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