Stone Run Capital Lowers stake in Autodesk (ADSK)

Autodesk (ADSK) : Stone Run Capital reduced its stake in Autodesk by 0.48% during the most recent quarter end. The investment management company now holds a total of 61,774 shares of Autodesk which is valued at $4,543,478 after selling 300 shares in Autodesk , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Autodesk makes up approximately 2.94% of Stone Run Capital’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp reduced its stake in ADSK by selling 205,926 shares or 95.2% in the most recent quarter. The Hedge Fund company now holds 10,379 shares of ADSK which is valued at $763,375.Cleararc Capital Inc reduced its stake in ADSK by selling 691 shares or 12.64% in the most recent quarter. The Hedge Fund company now holds 4,777 shares of ADSK which is valued at $351,062. Autodesk makes up approx 0.07% of Cleararc Capital Inc’s portfolio.Sentry Investment Management reduced its stake in ADSK by selling 1,555 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 15,291 shares of ADSK which is valued at $1,061,807. Autodesk makes up approx 0.05% of Sentry Investment Management’s portfolio.Commerce Bank reduced its stake in ADSK by selling 897 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 13,891 shares of ADSK which is valued at $939,171. Autodesk makes up approx 0.02% of Commerce Bank’s portfolio.American Century Companies Inc boosted its stake in ADSK in the latest quarter, The investment management firm added 759,562 additional shares and now holds a total of 764,101 shares of Autodesk which is valued at $52,478,457. Autodesk makes up approx 0.06% of American Century Companies Inc’s portfolio.

Autodesk closed down -1.56 points or -1.99% at $76.9 with 22,43,358 shares getting traded on Monday. Post opening the session at $78.21, the shares hit an intraday low of $76.48 and an intraday high of $78.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Wedbush Initiated Autodesk on Sep 9, 2016 to “Neutral”, Price Target of the shares are set at $60.Rosenblatt Downgraded Autodesk on Aug 30, 2016 to ” Sell”, Price Target of the shares are set at $54.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 .

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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