Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 49.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,498 shares of the software company’s stock after selling 1,471 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Autodesk were worth $413,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADSK. Ninety One UK Ltd lifted its position in shares of Autodesk by 28.0% in the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after acquiring an additional 1,108,973 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Legal & General Group Plc boosted its stake 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 purchasing an additional 81,314 shares during the last quarter. Van ECK Associates Corp boosted 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 worth $491,673,000 after purchasing an additional 74,394 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position 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 buying an additional 6,362 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ADSK shares. Berenberg Bank boosted their price target 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. DA Davidson assumed coverage on Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Robert W. Baird lifted their price objective on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and upped their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Eight 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 data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $309.43.

Autodesk Price Performance

ADSK opened at $321.27 on Friday. The firm has a market cap of $69.07 billion, a price-to-earnings ratio of 65.70, a PEG ratio of 4.03 and a beta of 1.47. 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 stock’s 50-day moving average price is $286.44 and its 200 day moving average price is $254.89. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $321.90.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

About Autodesk

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.