Baillie Gifford & Co. Has $303.18 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Baillie Gifford & Co. reduced its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,100,567 shares of the software company's stock after selling 107,789 shares during the quarter. Baillie Gifford & Co. owned approximately 0.51% of Autodesk worth $303,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Autodesk by 23.4% during the first quarter. Empowered Funds LLC now owns 3,457 shares of the software company's stock valued at $900,000 after acquiring an additional 656 shares during the period. Atomi Financial Group Inc. acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $253,000. Concurrent Investment Advisors LLC lifted its holdings in Autodesk by 169.2% in the first quarter. Concurrent Investment Advisors LLC now owns 2,253 shares of the software company's stock valued at $586,000 after buying an additional 1,416 shares during the period. NorthRock Partners LLC boosted its stake in Autodesk by 25.0% in the first quarter. NorthRock Partners LLC now owns 1,287 shares of the software company's stock valued at $335,000 after acquiring an additional 257 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Autodesk by 6.2% in the 1st quarter. QRG Capital Management Inc. now owns 10,005 shares of the software company's stock valued at $2,606,000 after purchasing an additional 581 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ:ADSK traded down $7.32 during mid-day trading on Tuesday, hitting $306.57. 903,669 shares of the stock were exchanged, compared to its average volume of 1,573,522. The firm's 50-day simple moving average is $277.06 and its 200 day simple moving average is $249.18. The stock has a market capitalization of $65.91 billion, a price-to-earnings ratio of 64.19, a price-to-earnings-growth ratio of 3.88 and a beta of 1.47. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $314.70. 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 (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 the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $1.12 earnings per share. Autodesk's revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ADSK shares. Citigroup set a $325.00 price objective on Autodesk and gave the company a "buy" rating in a report on Friday, October 18th. Royal Bank of Canada upped their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Oppenheimer increased their price target on Autodesk from $275.00 to $300.00 and gave the stock an "outperform" 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 research report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on Autodesk in a report on Wednesday, October 16th. They set an "overweight" rating and a $340.00 target price 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $292.95.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company's stock, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company's 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 completion of 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 position. 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 over the last quarter. 0.14% of the stock is owned by corporate insiders.

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.