Anchor Capital Advisors LLC Has $37.38 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Anchor Capital Advisors LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,063 shares of the software company's stock after selling 3,667 shares during the quarter. Anchor Capital Advisors LLC owned 0.07% of Autodesk worth $37,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new stake in Autodesk in the 4th quarter worth approximately $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the first quarter valued at $25,000. LRI Investments LLC bought a new stake in Autodesk during the first quarter worth approximately $26,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk in the 2nd quarter worth about $26,000. Institutional investors own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Mizuho boosted their target price on shares of Autodesk from $230.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Robert W. Baird cut their price objective on Autodesk from $296.00 to $289.00 and set an "outperform" rating on the stock in a report on Wednesday, May 29th. Oppenheimer boosted their target price on shares of Autodesk from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Finally, KeyCorp restated an "overweight" rating and issued a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Seven research 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's stock. According to data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average price target of $292.17.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now owns 31,566 shares in the company, valued at $7,418,010. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,275 shares of company stock worth $14,220,661. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK stock traded down $1.40 on Friday, reaching $250.37. The company's stock had a trading volume of 1,487,904 shares, compared to its average volume of 1,661,943. The company has a market capitalization of $53.96 billion, a P/E ratio of 54.19, a price-to-earnings-growth 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. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The firm has a fifty day moving average of $247.13 and a two-hundred day moving average of $239.01.

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

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.