Baillie Gifford & Co. Has $303.18 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Baillie Gifford & Co. reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,100,567 shares of the software company’s stock after selling 107,789 shares during the quarter. Baillie Gifford & Co. owned 0.51% of Autodesk worth $303,184,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk in the 1st quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in Autodesk in the first quarter valued at approximately $26,000. Olistico Wealth LLC bought a new stake in shares of Autodesk during the second quarter worth $26,000. Pacifica Partners Inc. increased its holdings in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory bought a new position in shares of Autodesk in the 3rd quarter valued at $27,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 2.7 %

NASDAQ:ADSK opened at $313.89 on Tuesday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $314.70. 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 has a market capitalization of $67.49 billion, a price-to-earnings ratio of 64.19, a PEG ratio of 3.88 and a beta of 1.47. The firm has a fifty day simple moving average of $277.06 and a two-hundred day simple moving average of $249.18.

Autodesk (NASDAQ:ADSK) last issued its earnings results 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 return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $1.12 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp reaffirmed an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Barclays raised their price objective on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Stifel Nicolaus raised their price target on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’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 sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,200,929 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

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.