ING Groep NV Has $33.29 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

ING Groep NV reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,859 shares of the software company's stock after selling 9,257 shares during the quarter. ING Groep NV owned 0.06% of Autodesk worth $33,294,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. increased its position in Autodesk by 2.0% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,050 shares of the software company's stock valued at $1,667,000 after acquiring an additional 118 shares during the period. Curi RMB Capital LLC boosted its stake in Autodesk by 3.8% during the 3rd quarter. Curi RMB Capital LLC now owns 1,625 shares of the software company's stock valued at $448,000 after purchasing an additional 59 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its stake in Autodesk by 31.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 35,947 shares of the software company's stock valued at $9,903,000 after purchasing an additional 8,696 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in Autodesk by 8.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 1,979 shares of the software company's stock valued at $545,000 after purchasing an additional 162 shares in the last quarter. Finally, Haverford Trust Co boosted its stake in Autodesk by 8.3% during the 3rd quarter. Haverford Trust Co now owns 1,453 shares of the software company's stock valued at $400,000 after purchasing an additional 111 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, CAO Stephen W. Hope sold 286 shares of the firm'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 of the company's stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,730 shares of company stock worth $5,064,430 over the last three months. Corporate insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ADSK. Barclays increased their price target on Autodesk from $275.00 to $310.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Royal Bank of Canada increased their price target on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Rosenblatt Securities raised their price objective on Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. HSBC raised Autodesk from a "hold" rating to a "buy" rating and raised their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, Wells Fargo & Company started coverage on Autodesk in a research note on Wednesday, October 16th. They set an "overweight" rating and a $340.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $292.95.

Autodesk Stock Down 2.1 %

Shares of NASDAQ:ADSK traded down $6.49 during midday trading on Thursday, hitting $306.65. 1,545,642 shares of the stock were exchanged, compared to its average volume of 1,576,211. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73. The business's fifty day simple moving average is $279.25 and its two-hundred day simple moving average is $250.27. The company has a market capitalization of $65.93 billion, a PE ratio of 64.04, a P/E/G ratio of 3.93 and a beta of 1.47.

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

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.