Impax Asset Management Group plc Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Impax Asset Management Group plc reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 933,134 shares of the software company's stock after selling 85,696 shares during the period. Impax Asset Management Group plc owned approximately 0.43% of Autodesk worth $230,904,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ADSK. Arizona State Retirement System boosted its stake in shares of Autodesk by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 62,015 shares of the software company's stock worth $15,346,000 after acquiring an additional 628 shares in the last quarter. VELA Investment Management LLC raised its position in shares of Autodesk by 155.9% in the 2nd quarter. VELA Investment Management LLC now owns 9,885 shares of the software company's stock worth $2,446,000 after buying an additional 6,022 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Autodesk in the second quarter valued at $36,000. National Bank of Canada FI increased its stake in Autodesk by 126.5% during the second quarter. National Bank of Canada FI now owns 536,868 shares of the software company's stock worth $131,976,000 after acquiring an additional 299,811 shares during the last quarter. Finally, Pursue Wealth Partners LLC purchased a new position in shares of Autodesk in the 2nd quarter worth about $285,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now owns 32,116 shares of the company's stock, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the company's stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares of the company's stock, valued at approximately $12,256,390.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now 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. Insiders own 0.14% of the company's stock.

Autodesk Price Performance

Shares of Autodesk stock traded down $1.40 during trading on Friday, reaching $250.37. 1,487,892 shares of the company's stock were exchanged, compared to its average volume of 1,661,943. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $53.96 billion, a P/E ratio of 54.50, a PEG ratio of 3.45 and a beta of 1.48. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The firm's 50-day moving average price is $247.07 and its 200 day moving average price is $239.27.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the prior year, the company posted $1.12 earnings per share. Autodesk's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a "market perform" rating in a research note on Friday, August 30th. Royal Bank of Canada increased 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. Mizuho upped their price target on Autodesk from $230.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. KeyCorp restated an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a research note on Monday, August 26th. Finally, Stifel Nicolaus lifted their price target on shares of Autodesk from $290.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $292.17.

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.