Pacer Advisors Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 14.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,282 shares of the software company's stock after selling 5,498 shares during the period. Pacer Advisors Inc.'s holdings in Autodesk were worth $8,618,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of ADSK. Ninety One UK Ltd lifted its holdings in shares of Autodesk by 28.0% during 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 during the last quarter. Principal Financial Group Inc. raised its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares during the last quarter. Legal & General Group Plc lifted its position in Autodesk by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock worth $523,940,000 after acquiring an additional 81,314 shares during the period. Van ECK Associates Corp grew its stake in Autodesk by 4.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company's stock valued at $491,673,000 after purchasing an additional 74,394 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Autodesk by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 1,632,195 shares of the software company's stock valued at $403,887,000 after purchasing an additional 6,362 shares during the period. Institutional investors own 90.24% of the company's stock.
Autodesk Price Performance
Shares of NASDAQ:ADSK traded up $5.86 on Friday, reaching $321.27. 1,905,591 shares of the company were exchanged, compared to its average volume of 1,304,630. The company has a 50-day moving average of $286.44 and a 200-day moving average of $255.18. 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 market cap of $69.07 billion, a price-to-earnings ratio of 65.70, a price-to-earnings-growth ratio of 4.03 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $321.90.
Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.
Insider Transactions at Autodesk
In other news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,232,213 in the last three months. Company insiders own 0.14% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Scotiabank began coverage on shares of Autodesk in a research note on Monday, November 18th. They set a "sector outperform" rating and a $360.00 price objective on the stock. BMO Capital Markets boosted 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. Piper Sandler raised their price target on shares of Autodesk from $239.00 to $257.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Finally, Berenberg Bank upped their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $309.43.
Check Out Our Latest Report on ADSK
Autodesk Profile
(
Free Report)
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.
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