Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Vestcor Inc

Vestcor Inc reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 23.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,662 shares of the software company's stock after selling 1,988 shares during the quarter. Vestcor Inc's holdings in Autodesk were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Starboard Value LP purchased a new position in shares of Autodesk in the third quarter worth approximately $510,189,000. Ninety One UK Ltd boosted 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. Van ECK Associates Corp grew its holdings in Autodesk by 100.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock valued at $406,554,000 after buying an additional 825,165 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock valued at $208,610,000 after purchasing an additional 662,339 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock worth $1,564,170,000 after buying an additional 566,826 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction dated 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 approximately $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now directly 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. In the last three months, insiders sold 1,936 shares of company stock worth $549,333. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Performance

Shares of ADSK traded up $1.88 during trading hours on Thursday, hitting $309.34. The stock had a trading volume of 996,014 shares, compared to its average volume of 1,589,079. The firm has a 50-day moving average price of $295.30 and a 200 day moving average price of $262.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market capitalization of $66.51 billion, a price-to-earnings ratio of 61.33, a PEG ratio of 3.63 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the firm posted $1.33 EPS. The business's revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. KeyCorp raised their price target on Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. DA Davidson assumed coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a "neutral" rating and a $260.00 price objective for the company. Morgan Stanley boosted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Finally, Mizuho increased their price objective on Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $323.05.

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.