Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,249 shares of the software company's stock after purchasing an additional 2,618 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Autodesk worth $103,496,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADSK. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Autodesk in the 4th quarter valued at about $25,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the first quarter valued at approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk during the first quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk during the first quarter worth $26,000. Finally, Olistico Wealth LLC purchased a new position in Autodesk in the 2nd quarter valued at $26,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Down 0.8 %

NASDAQ:ADSK traded down $2.04 on Wednesday, reaching $255.79. The stock had a trading volume of 1,472,466 shares, compared to its average volume of 1,658,669. The company has a market cap of $55.13 billion, a price-to-earnings ratio of 55.81, a P/E/G ratio of 3.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm's fifty day moving average is $246.66 and its two-hundred day moving average is $239.07. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The company's revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. Equities analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the firm'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 transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the 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 completion of the sale, the chief operating officer now owns 17,099 shares of the company's stock, valued at $4,616,730. 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 1,100 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company's stock, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,275 shares of company stock worth $14,220,661. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Berenberg Bank raised their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research note on Friday, August 30th. Citigroup boosted their target price on Autodesk from $316.00 to $325.00 and gave the stock a "buy" rating in a research report on Tuesday. Bank of America raised their price target on Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Mizuho boosted their price objective on shares of Autodesk from $230.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Finally, Rosenblatt Securities boosted their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $292.17.

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.