Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 528,235 shares of the software company's stock after selling 19,571 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.25% of Autodesk worth $145,518,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. King Luther Capital Management Corp purchased a new stake in shares of Autodesk during the third quarter worth approximately $204,000. Grandfield & Dodd LLC boosted its stake in Autodesk by 1.0% during the 3rd quarter. Grandfield & Dodd LLC now owns 142,808 shares of the software company's stock worth $39,341,000 after purchasing an additional 1,473 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Autodesk by 15.5% in the third quarter. First Horizon Advisors Inc. now owns 826 shares of the software company's stock worth $228,000 after buying an additional 111 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Autodesk by 10.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 14,418 shares of the software company's stock valued at $3,972,000 after acquiring an additional 1,347 shares in the last quarter. Finally, NS Partners Ltd lifted its stake in Autodesk by 1.9% in the 3rd quarter. NS Partners Ltd now owns 68,186 shares of the software company's stock worth $18,784,000 after purchasing an additional 1,265 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK opened at $307.84 on Thursday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73. The stock has a market capitalization of $66.19 billion, a PE ratio of 62.95, a PEG ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day simple moving average of $284.18 and a 200-day simple moving average of $253.46.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The firm's quarterly revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADSK. BMO Capital Markets boosted their price target on shares of Autodesk from $254.00 to $287.00 and gave the company a "market perform" rating in a research report on Friday, August 30th. HSBC upgraded shares of Autodesk from a "hold" rating to a "buy" rating and raised their price target for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Morgan Stanley reiterated an "overweight" rating and issued a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. Stifel Nicolaus raised their target price on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Rosenblatt Securities upped their price target on Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $302.38.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Company Profile

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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