Intech Investment Management LLC Has $3.50 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Intech Investment Management LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 75.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,719 shares of the software company's stock after selling 38,873 shares during the period. Intech Investment Management LLC's holdings in Autodesk were worth $3,504,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jag Capital Management LLC acquired a new stake in shares of Autodesk during the third quarter worth $13,861,000. Cetera Investment Advisers increased its holdings in shares of Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company's stock worth $16,035,000 after acquiring an additional 38,196 shares during the period. Forsta AP Fonden increased its holdings in shares of Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company's stock worth $14,215,000 after acquiring an additional 3,800 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Autodesk by 32.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company's stock worth $3,702,000 after acquiring an additional 3,259 shares during the period. Finally, Primecap Management Co. CA increased its holdings in shares of Autodesk by 8.2% in the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company's stock worth $162,302,000 after acquiring an additional 49,500 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock worth $5,232,213. Insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $5.86 during trading on Friday, reaching $321.27. The stock had a trading volume of 1,905,591 shares, compared to its average volume of 1,304,630. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $321.90. The firm has a market capitalization of $69.07 billion, a price-to-earnings ratio of 65.70, a P/E/G ratio of 4.03 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $286.44 and a two-hundred day simple moving average of $255.18.

Autodesk (NASDAQ:ADSK - Get Free Report) last released 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. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The company's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of analyst reports. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They issued a "neutral" rating and a $260.00 price objective on the stock. Bank of America increased their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. BMO Capital Markets increased their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a report on Friday, August 30th. Royal Bank of Canada increased their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Citigroup raised their target price on shares of Autodesk from $325.00 to $358.00 and gave the company a "buy" rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $309.43.

Autodesk 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.