Plymouth Lane Capital Management adds Autodesk (ADSK) to its portfolio

Autodesk (ADSK) : Plymouth Lane Capital Management added new position in Autodesk during the most recent quarter end. The investment management firm now holds 44,100 shares of Autodesk which is valued at $2,726,703 , the company said in a statement filed on Aug 11, 2016 with the SEC.Autodesk makes up approximately 3.14% of Plymouth Lane Capital Management’s portfolio.

Other Hedge Funds, Including , Apg Asset Management N.v. boosted its stake in ADSK in the latest quarter, The investment management firm added 41,900 additional shares and now holds a total of 363,232 shares of Autodesk which is valued at $22,458,635. Autodesk makes up approx 0.04% of Apg Asset Management N.v.’s portfolio.Mizuho Asset Managementltd. boosted its stake in ADSK in the latest quarter, The investment management firm added 1,154 additional shares and now holds a total of 2,761 shares of Autodesk which is valued at $170,713. Autodesk makes up approx 0.03% of Mizuho Asset Managementltd.’s portfolio. Integral Derivatives sold out all of its stake in ADSK during the most recent quarter. The investment firm sold 5,100 shares of ADSK which is valued $302,583.Tokio Marine Asset Management Co Ltd reduced its stake in ADSK by selling 391 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 7,777 shares of ADSK which is valued at $463,665. Autodesk makes up approx 0.05% of Tokio Marine Asset Management Co Ltd’s portfolio.Farmers Merchants Investments Inc reduced its stake in ADSK by selling 125 shares or 71.43% in the most recent quarter. The Hedge Fund company now holds 50 shares of ADSK which is valued at $2,914.

Autodesk opened for trading at $63.62 and hit $64 on the upside on Tuesday, eventually ending the session at $63.46, with a gain of 0.27% or 0.17 points. The heightened volatility saw the trading volume jump to 15,54,989 shares. Company has a market cap of $14,257 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 RBC Capital Mkts on Aug 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 64 from a previous price target of $60 .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 .

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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