Ninety One SA PTY Ltd Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Ninety One SA PTY Ltd lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,236 shares of the software company’s stock after selling 615 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Autodesk were worth $3,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bouvel Investment Partners LLC increased its holdings in Autodesk by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after purchasing an additional 44 shares during the period. Venturi Wealth Management LLC increased its holdings in Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares during the period. Goodman Advisory Group LLC increased its holdings in Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares during the period. Curbstone Financial Management Corp increased its holdings in Autodesk by 0.5% during the 4th quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock worth $2,376,000 after purchasing an additional 50 shares during the period. Finally, Zions Bancorporation N.A. increased its holdings in Autodesk by 8.7% during the 1st quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock worth $136,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, April 1st. Mizuho upped their price objective on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Rosenblatt Securities upped their price objective on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Stacy J. Smith sold 7,554 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the completion of the transaction, the director now directly owns 19,934 shares of the company’s stock, valued at approximately $4,863,896. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 46,220 shares of company stock valued at $11,933,231 in the last ninety days. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK traded down $4.71 on Thursday, hitting $210.21. 2,982,664 shares of the company traded hands, compared to its average volume of 1,397,439. The company has a 50 day moving average of $253.88 and a 200-day moving average of $235.09. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $44.96 billion, a PE ratio of 51.05, a PEG ratio of 3.14 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $188.38 and a 12-month high of $279.53.

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

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.