Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 14.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,305 shares of the software company’s stock after acquiring an additional 163 shares during the quarter. Perigon Wealth Management LLC’s holdings in Autodesk were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Autodesk by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,944,670 shares of the software company’s stock worth $3,846,439,000 after acquiring an additional 230,892 shares during the period. Polen Capital Management LLC lifted its holdings in shares of Autodesk by 18.7% in the first quarter. Polen Capital Management LLC now owns 8,650,112 shares of the software company’s stock valued at $1,854,152,000 after buying an additional 1,365,221 shares during the period. Findlay Park Partners LLP lifted its holdings in shares of Autodesk by 5.5% in the first quarter. Findlay Park Partners LLP now owns 3,444,249 shares of the software company’s stock valued at $738,275,000 after buying an additional 180,000 shares during the period. Ninety One UK Ltd lifted its holdings in shares of Autodesk by 29.0% in the first quarter. Ninety One UK Ltd now owns 3,393,123 shares of the software company’s stock valued at $727,316,000 after buying an additional 762,242 shares during the period. Finally, Sustainable Growth Advisers LP lifted its holdings in shares of Autodesk by 12.3% in the first quarter. Sustainable Growth Advisers LP now owns 3,018,741 shares of the software company’s stock valued at $647,067,000 after buying an additional 329,454 shares during the period. Institutional investors and hedge funds own 86.44% of the company’s stock.

Autodesk Stock Down 5.7 %

NASDAQ:ADSK opened at $197.07 on Thursday. The firm has a market capitalization of $42.54 billion, a price-to-earnings ratio of 77.89, a PEG ratio of 1.83 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $163.20 and a 1-year high of $285.38. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08. The business’s fifty day moving average price is $201.79 and its 200 day moving average price is $198.87.

Autodesk (NASDAQ:ADSKGet Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The software company reported $1.70 earnings per share for the quarter, meeting the consensus estimate of $1.70. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Autodesk’s quarterly revenue was up 13.7% on a year-over-year basis. On average, sell-side analysts forecast that Autodesk, Inc. will post 4.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Autodesk news, CEO Andrew Anagnost sold 34,366 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $206.87, for a total value of $7,109,294.42. Following the transaction, the chief executive officer now directly owns 76,968 shares of the company’s stock, valued at approximately $15,922,370.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Credit Suisse Group cut their price objective on Autodesk from $355.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday. Wolfe Research assumed coverage on Autodesk in a report on Tuesday, August 16th. They issued an “outperform” rating and a $270.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Autodesk from $255.00 to $225.00 in a report on Wednesday. KeyCorp cut their price objective on Autodesk from $264.00 to $237.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Bank of America reduced their target price on Autodesk from $240.00 to $225.00 and set a “neutral” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.57.

Autodesk Company Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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