Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 63.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,348 shares of the software company's stock after selling 12,913 shares during the period. Brown Capital Management LLC's holdings in Autodesk were worth $2,024,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares during the period. Ninety One UK Ltd raised its position in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock worth $1,255,054,000 after buying an additional 1,108,973 shares during the last quarter. Van ECK Associates Corp lifted its stake in Autodesk by 100.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock valued at $406,554,000 after acquiring an additional 825,165 shares during the period. Point72 Asset Management L.P. boosted its holdings in shares of Autodesk by 366.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock valued at $208,610,000 after acquiring an additional 662,339 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Autodesk by 58,375.5% during the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock worth $1,564,170,000 after purchasing an additional 566,826 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price target on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research report on Friday, August 30th. DA Davidson began coverage on Autodesk in a research report on Friday, September 27th. They set a "neutral" rating and a $260.00 price target for the company. Bank of America upped their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a research report 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $302.38.

Autodesk Stock Up 2.4 %

ADSK traded up $7.38 during trading hours on Thursday, hitting $315.22. 1,297,837 shares of the company's stock were exchanged, compared to its average volume of 1,575,026. The firm has a market cap of $67.77 billion, a P/E ratio of 62.95, a price-to-earnings-growth ratio of 3.90 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $317.45. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $284.18 and a 200 day moving average of $253.46.

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

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of Autodesk 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 $1,340,944.36. The trade was a 5.54 % 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 worth $5,232,213 over the last 90 days. 0.14% of the stock is owned by 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.