Findlay Park Partners LLP Sells 211,809 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Findlay Park Partners LLP reduced its position in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,115,505 shares of the software company’s stock after selling 211,809 shares during the quarter. Autodesk makes up 2.3% of Findlay Park Partners LLP’s portfolio, making the stock its 14th largest holding. Findlay Park Partners LLP’s holdings in Autodesk were worth $208,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Acadian Asset Management LLC lifted its holdings in shares of Autodesk by 351.2% during the first quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock valued at $775,000 after acquiring an additional 2,820 shares during the period. Panagora Asset Management Inc. raised its holdings in Autodesk by 71.7% during the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after purchasing an additional 1,871 shares during the last quarter. Cetera Investment Advisers raised its holdings in Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after purchasing an additional 164 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of Autodesk in the 1st quarter valued at about $218,000. Finally, Dakota Wealth Management increased its stake in shares of Autodesk by 18.0% in the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock valued at $411,000 after acquiring an additional 292 shares during the last quarter. 87.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADSK has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 price objective on shares of Autodesk in a research report on Thursday, April 20th. TheStreet upgraded Autodesk from a “c+” rating to a “b” rating in a research report on Thursday, February 23rd. Citigroup decreased their price objective on Autodesk from $265.00 to $241.00 and set a “buy” rating for the company in a research report on Tuesday. Argus decreased their price objective on Autodesk from $290.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, March 1st. Finally, KeyCorp upped their price target on Autodesk from $237.00 to $244.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.55.

Insider Buying and Selling

In other Autodesk news, Director Betsy Rafael sold 309 shares of Autodesk stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $194.79, for a total transaction of $60,190.11. Following the completion of the transaction, the director now owns 4,197 shares in the company, valued at approximately $817,533.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Autodesk news, CFO Deborah Clifford sold 3,815 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total value of $750,601.25. Following the sale, the chief financial officer now owns 18,209 shares of the company’s stock, valued at $3,582,620.75. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Betsy Rafael sold 309 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $194.79, for a total transaction of $60,190.11. Following the completion of the transaction, the director now owns 4,197 shares of the company’s stock, valued at approximately $817,533.63. The disclosure for this sale can be found here. Insiders sold 11,671 shares of company stock worth $2,313,602 in the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $196.64 on Wednesday. Autodesk, Inc. has a 52 week low of $163.20 and a 52 week high of $235.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.99. The business’s 50-day simple moving average is $197.30 and its two-hundred day simple moving average is $201.59. The stock has a market cap of $42.23 billion, a PE ratio of 52.02, a P/E/G ratio of 1.83 and a beta of 1.53.

Autodesk (NASDAQ:ADSK – Get Rating) last announced its earnings results on Thursday, February 23rd. The software company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Autodesk had a return on equity of 105.43% and a net margin of 16.44%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 4.57 EPS for the current fiscal year.

Autodesk Profile

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Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.