Autodesk, Inc. (NASDAQ:ADSK) Holdings Lowered by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,370 shares of the software company’s stock after selling 57 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.09% of Autodesk worth $53,264,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Marshall Financial Group LLC grew its stake in shares of Autodesk by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after purchasing an additional 35 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in shares of Autodesk by 0.8% during the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after purchasing an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in shares of Autodesk by 1.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after purchasing an additional 44 shares during the period. Johnson Investment Counsel Inc. increased its stake in Autodesk by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after purchasing an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network raised its holdings in Autodesk by 2.6% during the 3rd quarter. First Affirmative Financial Network now owns 1,873 shares of the software company’s stock worth $516,000 after buying an additional 47 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 0.0 %

Shares of Autodesk stock opened at $305.56 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $307.17. The stock has a market capitalization of $65.70 billion, a P/E ratio of 62.49, a PEG ratio of 3.65 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average price of $275.95 and a two-hundred day moving average price of $248.05.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $1.12 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was 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 $1,340,944.36. This represents a 0.00 % 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 $5,200,929 over the last three months. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADSK has been the topic of several analyst reports. Wells Fargo & Company assumed coverage on shares of Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 target price on the stock. Morgan Stanley restated an “overweight” rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Citigroup set a $325.00 price target on Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and upped their price target for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, Oppenheimer raised their price objective on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $292.95.

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.