Gulf International Bank UK Ltd Has $4.66 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Gulf International Bank UK Ltd trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 29.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,906 shares of the software company's stock after selling 7,032 shares during the quarter. Gulf International Bank UK Ltd's holdings in Autodesk were worth $4,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC bought a new position in Autodesk in the first quarter valued at approximately $26,000. Olistico Wealth LLC bought a new stake in shares of Autodesk during the 2nd quarter valued at $26,000. Pacifica Partners Inc. lifted its stake in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the third quarter worth $27,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADSK. Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a research note on Friday, August 30th. BMO Capital Markets boosted their price objective on shares of Autodesk from $254.00 to $287.00 and gave the company a "market perform" rating in a report on Friday, August 30th. KeyCorp reiterated an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Barclays upped their price objective on shares of Autodesk from $275.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada boosted their target price on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $292.95.

Autodesk Stock Performance

Shares of ADSK stock traded up $10.54 on Wednesday, hitting $302.33. The company's stock had a trading volume of 2,258,099 shares, compared to its average volume of 1,582,289. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $305.49. The stock's 50 day moving average is $273.11 and its 200-day moving average is $246.64. The company has a market capitalization of $65.00 billion, a PE ratio of 59.67, a PEG ratio of 3.64 and a beta of 1.47. 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 earnings results 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 company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $1.12 EPS. Autodesk's quarterly revenue was up 11.9% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, 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 value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 sale, the director now directly owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm'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 transaction, the chief accounting officer now directly owns 4,879 shares of the company's stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,200,929 over the last three months. 0.14% of the stock is owned by insiders.

About Autodesk

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.