Royal London Asset Management Ltd. Has $115.14 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Royal London Asset Management Ltd. trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,287 shares of the software company's stock after selling 2,652 shares during the period. Royal London Asset Management Ltd. owned 0.22% of Autodesk worth $115,135,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Autodesk in the fourth quarter valued at $25,000. Concord Wealth Partners acquired a new stake in Autodesk in the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new position in shares of Autodesk in the first quarter worth about $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter worth approximately $26,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk during the second quarter valued at approximately $26,000. Institutional investors own 90.24% of the company's stock.

Insider Activity

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares of the company's stock, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the business's stock in a transaction 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 transaction, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. Insiders have sold 57,275 shares of company stock worth $14,220,661 over the last ninety days. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on ADSK. Bank of America upped their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and raised their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Rosenblatt Securities upped their target price on shares of Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Morgan Stanley lifted their price target on shares of Autodesk from $305.00 to $320.00 and gave the stock an "overweight" rating in a research report on Friday, August 30th. Finally, BMO Capital Markets increased 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. Seven 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $292.17.

Autodesk Stock Up 0.8 %

Shares of ADSK stock traded up $1.94 during trading hours on Tuesday, hitting $257.61. 1,645,751 shares of the company were exchanged, compared to its average volume of 1,660,904. The company has a market capitalization of $55.39 billion, a PE ratio of 55.34, a PEG ratio of 3.18 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The business has a 50 day moving average of $247.33 and a two-hundred day moving average of $239.00. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. Analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share 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.