Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by True Vision MN LLC

True Vision MN LLC lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,738 shares of the software company’s stock after selling 53 shares during the quarter. True Vision MN LLC’s holdings in Autodesk were worth $479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jag Capital Management LLC acquired a new stake in Autodesk during the third quarter valued at approximately $13,861,000. Cetera Investment Advisers lifted its position in shares of Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock worth $16,035,000 after buying an additional 38,196 shares during the last quarter. Forsta AP Fonden raised its stake in Autodesk by 7.9% during the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock worth $14,215,000 after acquiring an additional 3,800 shares during the period. Bank of Montreal Can grew its holdings in shares of Autodesk by 8.7% during the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after purchasing an additional 73,363 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in shares of Autodesk by 32.0% during 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 during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.4 %

NASDAQ ADSK traded down $1.43 on Wednesday, hitting $317.96. 2,519,923 shares of the stock were exchanged, compared to its average volume of 1,448,773. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. 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 market capitalization of $68.36 billion, a price-to-earnings ratio of 65.02, a P/E/G ratio of 4.08 and a beta of 1.47. The company’s 50-day moving average price is $288.49 and its two-hundred day moving average price is $256.59.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Research analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on 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 owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,232,213 in the last quarter. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Mizuho set a $260.00 target price on shares of Autodesk in a research note on Friday, October 18th. Bank of America upped their price target on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Rosenblatt Securities boosted their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $311.86.

Autodesk Company 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.