Armstrong Henry H Associates Inc. Has $1.16 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Armstrong Henry H Associates Inc. lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 7.7% during the first quarter, HoldingsChannel reports. The fund owned 4,470 shares of the software company’s stock after selling 375 shares during the quarter. Armstrong Henry H Associates Inc.’s holdings in Autodesk were worth $1,164,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Autodesk by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock valued at $4,635,537,000 after buying an additional 310,081 shares during the last quarter. FIL Ltd raised its holdings in Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after buying an additional 479,559 shares during the last quarter. Brown Advisory Inc. raised its holdings in Autodesk by 12.9% in the 4th quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after buying an additional 327,144 shares during the last quarter. Northern Trust Corp raised its holdings in Autodesk by 1.7% in the 3rd quarter. Northern Trust Corp now owns 2,548,156 shares of the software company’s stock valued at $527,239,000 after buying an additional 43,293 shares during the last quarter. Finally, Norges Bank bought a new position in Autodesk during the 4th quarter worth approximately $619,404,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,501 shares of company stock worth $11,714,162. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays lowered their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Oppenheimer restated an “outperform” rating and set a $275.00 price target on shares of Autodesk in a report on Tuesday, June 18th. Morgan Stanley reiterated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Bank of America reduced their price target on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research report on Monday, June 3rd. Finally, StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Check Out Our Latest Research Report on ADSK

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded down $1.20 during midday trading on Friday, reaching $242.31. The company had a trading volume of 5,677,377 shares, compared to its average volume of 2,934,457. The company’s 50 day moving average price is $218.80 and its 200 day moving average price is $238.43. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The stock has a market cap of $52.22 billion, a P/E ratio of 52.45, a P/E/G ratio of 3.26 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

About Autodesk

(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.

See Also

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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