Autodesk, Inc. (NASDAQ:ADSK) Position Lessened by Keybank National Association OH

Keybank National Association OH cut its position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,502 shares of the software company’s stock after selling 192 shares during the quarter. Keybank National Association OH’s holdings in Autodesk were worth $725,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ADSK. Carnegie Capital Asset Management LLC lifted its holdings in Autodesk by 60.5% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock worth $4,092,000 after buying an additional 7,451 shares in the last quarter. Matrix Capital Management Company LP acquired a new position in Autodesk during the 2nd quarter worth $24,349,000. BlackRock Inc. lifted its holdings in Autodesk by 5.8% during the 2nd quarter. BlackRock Inc. now owns 18,086,689 shares of the software company’s stock worth $3,700,717,000 after buying an additional 989,144 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in Autodesk by 4,112.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock worth $92,292,000 after buying an additional 435,457 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Autodesk by 17.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 306,136 shares of the software company’s stock worth $63,343,000 after buying an additional 46,398 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Stacy J. Smith sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $228.00, for a total value of $1,140,000.00. Following the completion of the sale, the director now directly owns 57,488 shares in the company, valued at approximately $13,107,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Stacy J. Smith sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $228.00, for a total value of $1,140,000.00. Following the completion of the sale, the director now directly owns 57,488 shares in the company, valued at approximately $13,107,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Betsy Rafael sold 308 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $218.27, for a total transaction of $67,227.16. Following the completion of the sale, the director now owns 3,237 shares of the company’s stock, valued at $706,539.99. The disclosure for this sale can be found here. Insiders sold 32,915 shares of company stock worth $7,829,249 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. Oppenheimer reduced their price objective on Autodesk from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Bank Of America (Bofa) increased their price target on Autodesk from $235.00 to $240.00 in a research note on Monday, December 11th. Royal Bank of Canada cut their price target on Autodesk from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 22nd. Berenberg Bank increased their price target on Autodesk from $228.50 to $255.00 in a research note on Monday, December 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $265.00 price target on shares of Autodesk in a research note on Friday, January 26th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $238.40.

Check Out Our Latest Analysis on Autodesk

Autodesk Price Performance

ADSK stock opened at $253.98 on Wednesday. The stock has a market cap of $54.33 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 3.39 and a beta of 1.45. The stock has a 50-day moving average price of $239.48 and a two-hundred day moving average price of $219.55. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.54. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $259.25.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings data on Tuesday, November 21st. The software company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.08. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 84.81% and a net margin of 17.15%. Autodesk’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Equities analysts forecast that Autodesk, Inc. will post 4.79 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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