Equitable Trust Co. Sells 402 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Equitable Trust Co. lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.2% during the 3rd quarter, Holdings Channel reports. The fund owned 2,888 shares of the software company’s stock after selling 402 shares during the period. Equitable Trust Co.’s holdings in Autodesk were worth $796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc boosted its position in Autodesk by 13.0% during the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after acquiring an additional 50,027 shares in the last quarter. Cetera Investment Advisers boosted its position in Autodesk by 163.4% during the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after acquiring an additional 38,196 shares in the last quarter. Forsta AP Fonden boosted its position in Autodesk by 7.9% during the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after acquiring an additional 3,800 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Autodesk by 32.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock worth $3,702,000 after purchasing an additional 3,259 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of Autodesk by 8.2% in the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after purchasing an additional 49,500 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADSK. Bank of America raised their price objective on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Mizuho set a $260.00 price objective on Autodesk in a research report on Friday, October 18th. Rosenblatt Securities raised their price objective on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Piper Sandler raised their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, DA Davidson started coverage on Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective for the company. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

NASDAQ:ADSK opened at $305.56 on Friday. 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 company has a 50 day moving average price of $275.95 and a 200-day moving average price of $248.05. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $307.17. The firm has a market cap of $65.70 billion, a price-to-earnings ratio of 62.49, a price-to-earnings-growth ratio of 3.84 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.73 EPS 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.