Wrapmanager Inc buys $918,052 stake in Autodesk (ADSK)

Autodesk (ADSK) : Wrapmanager Inc scooped up 632 additional shares in Autodesk during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 14,848 shares of Autodesk which is valued at $918,052.Autodesk makes up approximately 0.37% of Wrapmanager Inc’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in ADSK by selling 268 shares or 1.2% in the most recent quarter. The Hedge Fund company now holds 22,017 shares of ADSK which is valued at $1,361,311. Autodesk makes up approx 0.12% of Reliance Trust Co Of Delaware’s portfolio. Congress Asset Management Co sold out all of its stake in ADSK during the most recent quarter. The investment firm sold 4,000 shares of ADSK which is valued $237,320.Swiss National Bank reduced its stake in ADSK by selling 15,000 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 572,599 shares of ADSK which is valued at $33,182,112. Autodesk makes up approx 0.05% of Swiss National Bank’s portfolio. Rmb Capital Management sold out all of its stake in ADSK during the most recent quarter. The investment firm sold 3,908 shares of ADSK which is valued $226,469.Spot Trading L.l.c reduced its stake in ADSK by selling 3,112 shares or 8.75% in the most recent quarter. The Hedge Fund company now holds 32,445 shares of ADSK which is valued at $1,880,188. Autodesk makes up approx 0.25% of Spot Trading L.l.c’s portfolio.

Autodesk opened for trading at $63.34 and hit $63.84 on the upside on Friday, eventually ending the session at $63.74, with a gain of 0.38% or 0.24 points. The heightened volatility saw the trading volume jump to 13,80,800 shares. Company has a market cap of $14,320 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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