Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 69.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,100 shares of the software company's stock after selling 4,806 shares during the period. Quantbot Technologies LP's holdings in Autodesk were worth $579,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. increased its holdings in Autodesk by 18.3% in the 2nd quarter. Mather Group LLC. now owns 2,214 shares of the software company's stock worth $577,000 after acquiring an additional 342 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Autodesk by 4.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,148 shares of the software company's stock worth $779,000 after purchasing an additional 144 shares during the last quarter. Olistico Wealth LLC purchased a new position in Autodesk in the 2nd quarter valued at about $26,000. CWM LLC boosted its holdings in Autodesk by 0.3% in the 2nd quarter. CWM LLC now owns 68,651 shares of the software company's stock worth $16,988,000 after buying an additional 205 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Autodesk by 11.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 3,704 shares of the software company's stock worth $917,000 after buying an additional 368 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.0 %

Shares of Autodesk stock traded up $2.86 on Tuesday, reaching $299.51. The company had a trading volume of 894,813 shares, compared to its average volume of 1,592,367. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a market cap of $64.39 billion, a PE ratio of 58.86, a PEG ratio of 3.43 and a beta of 1.43. The firm's 50 day moving average price is $289.93 and its two-hundred day moving average price is $258.15. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. Sell-side analysts predict that Autodesk, Inc. will post 5.79 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,936 shares of company stock worth $549,333 in the last three months. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Barclays increased their target price on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Robert W. Baird increased their price objective on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. DA Davidson assumed coverage on shares of Autodesk in a research note on Friday, September 27th. They set a "neutral" rating and a $260.00 target price on the stock. Morgan Stanley increased their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group raised shares of Autodesk from a "sell" rating to a "neutral" rating and raised their price target for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $316.68.

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.