17 Capital Partners LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 68.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,790 shares of the software company's stock after selling 3,887 shares during the period. 17 Capital Partners LLC's holdings in Autodesk were worth $493,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Autodesk by 263.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock valued at $1,639,279,000 after acquiring an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock valued at $406,554,000 after buying an additional 825,165 shares during the last quarter. Point72 Asset Management L.P. increased its holdings in Autodesk by 366.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock worth $208,610,000 after buying an additional 662,339 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock worth $1,564,170,000 after buying an additional 566,826 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.
Insider Buying and Selling at Autodesk
In other news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the transaction, the director now directly owns 30,799 shares of the company's stock, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,200,929 in the last three months. 0.14% of the stock is currently owned by corporate insiders.
Autodesk Price Performance
Shares of ADSK stock traded up $0.05 on Friday, hitting $305.56. 968,605 shares of the stock traded hands, compared to its average volume of 1,238,804. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $307.17. The firm has a 50 day simple moving average of $275.95 and a two-hundred day simple moving average of $248.26. The firm has a market cap of $65.70 billion, a price-to-earnings ratio of 62.49, a PEG ratio of 3.84 and a beta of 1.47.
Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business's quarterly revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.12 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Citigroup set a $325.00 price target on shares of Autodesk and gave the company a "buy" rating in a report on Friday, October 18th. Oppenheimer lifted their target price on shares of Autodesk from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Hsbc Global Res raised Autodesk to a "strong-buy" rating in a report on Tuesday, September 3rd. Rosenblatt Securities lifted their price objective on Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and an average price target of $292.95.
Read Our Latest Report on ADSK
Autodesk Company Profile
(
Free Report)
Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.
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