Chevy Chase Trust Holdings LLC Lowers Position in Autodesk, Inc. (NASDAQ:ADSK)

Chevy Chase Trust Holdings LLC decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,411 shares of the software company’s stock after selling 726 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Autodesk worth $29,074,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Autodesk by 0.4% in the third quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company’s stock valued at $3,875,134,000 after acquiring an additional 69,039 shares in the last quarter. State Street Corp boosted its holdings in shares of Autodesk by 1.5% in the second quarter. State Street Corp now owns 8,753,933 shares of the software company’s stock valued at $1,791,142,000 after acquiring an additional 130,377 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Autodesk by 1.7% in the first quarter. Geode Capital Management LLC now owns 3,993,264 shares of the software company’s stock valued at $829,485,000 after acquiring an additional 66,959 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Autodesk by 1.2% in the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock valued at $624,471,000 after acquiring an additional 35,105 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Autodesk by 1.7% in the first quarter. Northern Trust Corp now owns 2,835,207 shares of the software company’s stock valued at $607,727,000 after acquiring an additional 47,952 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. Insiders sold 46,770 shares of company stock worth $12,065,385 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Down 0.0 %

NASDAQ:ADSK opened at $244.74 on Friday. Autodesk, Inc. has a 12-month low of $188.38 and a 12-month high of $279.53. The firm has a market capitalization of $52.35 billion, a P/E ratio of 58.13, a P/E/G ratio of 3.39 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The business has a 50 day simple moving average of $257.26 and a 200 day simple moving average of $233.02.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Berenberg Bank lifted their target price on shares of Autodesk from $228.50 to $255.00 in a report on Monday, December 11th. Piper Sandler boosted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Rosenblatt Securities boosted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Mizuho boosted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Citigroup boosted their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

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.