Autodesk, Inc. (NASDAQ:ADSK) Stock Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,390 shares of the software company’s stock after selling 7,332 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Autodesk were worth $26,664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ADSK. Ables Iannone Moore & Associates Inc. bought a new position in Autodesk during the fourth quarter valued at about $25,000. Concord Wealth Partners purchased a new stake in shares of Autodesk during the first quarter valued at $25,000. Bfsg LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in shares of Autodesk during the fourth quarter valued at $28,000. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of Autodesk by 217.1% during the first quarter. Eagle Bay Advisors LLC now owns 111 shares of the software company’s stock valued at $29,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock traded up $1.27 during mid-day trading on Monday, reaching $242.13. The company had a trading volume of 435,933 shares, compared to its average volume of 1,700,278. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a 50 day moving average of $233.25 and a 200-day moving average of $240.21. The firm has a market cap of $52.18 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 3.22 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company posted $1.55 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADSK. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 target price on shares of Autodesk in a report on Tuesday, June 18th. StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. BMO Capital Markets decreased their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Piper Sandler restated a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $262.42.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders sold 39,381 shares of company stock worth $9,401,282 in the last quarter. 0.14% of the stock is owned by corporate insiders.

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.