Glenmede Trust Co. NA Decreases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Glenmede Trust Co. NA cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,946 shares of the software company's stock after selling 5,224 shares during the quarter. Glenmede Trust Co. NA's holdings in Autodesk were worth $5,770,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADSK. FMR LLC increased its position in shares of Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $1,557,454,000 after purchasing an additional 46,069 shares during the last quarter. Ninety One UK Ltd grew its position in Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after buying an additional 1,108,973 shares during the period. Principal Financial Group Inc. increased its holdings in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. Legal & General Group Plc boosted its stake in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock valued at $523,940,000 after acquiring an additional 81,314 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Autodesk by 4.5% in the third quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company's stock valued at $491,673,000 after acquiring an additional 74,394 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

ADSK traded up $1.26 on Friday, reaching $291.90. The company had a trading volume of 1,317,760 shares, compared to its average volume of 1,590,556. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market cap of $62.76 billion, a price-to-earnings ratio of 57.92, a P/E/G ratio of 3.73 and a beta of 1.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The business has a 50 day simple moving average of $289.93 and a 200 day simple moving average of $257.88.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same quarter last year, the company posted $1.33 EPS. The business's quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.79 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADSK shares. Royal Bank of Canada raised their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. HSBC cut Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a research report on Friday. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday. Mizuho boosted their price objective on Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Berenberg Bank increased their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $315.10.

Insiders Place Their Bets

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 transaction of $78,604.24. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,936 shares of company stock valued at $549,333 over the last 90 days. Insiders own 0.14% of the company's stock.

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.