Gulf International Bank UK Ltd Decreases Position in Autodesk, Inc. (NASDAQ:ADSK)

Gulf International Bank UK Ltd reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,906 shares of the software company’s stock after selling 7,032 shares during the period. Gulf International Bank UK Ltd’s holdings in Autodesk were worth $4,657,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Autodesk in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new stake in Autodesk in the 1st quarter valued at about $26,000. Olistico Wealth LLC purchased a new position in Autodesk in the 2nd quarter worth approximately $26,000. Pacifica Partners Inc. boosted its holdings in shares of Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Autodesk in the third quarter valued at approximately $27,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the sale, the director now owns 30,799 shares in the company, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the transaction, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,200,929 in the last ninety days. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $291.79 on Wednesday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $294.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $62.73 billion, a PE ratio of 59.67, a price-to-earnings-growth ratio of 3.64 and a beta of 1.47. The business’s fifty day moving average price is $273.11 and its 200 day moving average price is $246.64.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Barclays lifted their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets upped their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $292.95.

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.