Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Huntington National Bank

Huntington National Bank cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 27.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,680 shares of the software company's stock after selling 2,148 shares during the period. Huntington National Bank's holdings in Autodesk were worth $1,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Autodesk Stock Down 2.4 %

ADSK stock traded down $7.50 during trading on Friday, reaching $299.15. The stock had a trading volume of 2,300,222 shares, compared to its average volume of 1,579,473. 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 fifty day moving average price of $281.32 and a 200 day moving average price of $251.23. The company has a market capitalization of $64.32 billion, a P/E ratio of 61.18, a PEG ratio of 4.00 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $315.73.

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, 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 business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.12 earnings per share. The company's revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,280 shares of company stock worth $5,232,213. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. KeyCorp reaffirmed an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Hsbc Global Res raised shares of Autodesk to a "strong-buy" rating in a research report on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley reaffirmed an "overweight" rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Finally, Piper Sandler increased their price target on Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $296.20.

Autodesk Company 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.