Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Diversified Trust Co

Diversified Trust Co decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,355 shares of the software company’s stock after selling 1,804 shares during the period. Diversified Trust Co’s holdings in Autodesk were worth $1,134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $619,404,000. FIL Ltd raised its position in Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after buying an additional 479,559 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Autodesk by 35.1% in the 4th quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock worth $414,551,000 after acquiring an additional 442,005 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after acquiring an additional 429,071 shares in the last quarter. Finally, Morningstar Investment Services LLC increased its stake in shares of Autodesk by 349.8% during the fourth quarter. Morningstar Investment Services LLC now owns 491,224 shares of the software company’s stock worth $120,306,000 after acquiring an additional 382,026 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADSK. Berenberg Bank lowered Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective on the stock. in a report on Wednesday, May 1st. BMO Capital Markets dropped their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a report on Wednesday, June 12th. KeyCorp reduced their target price on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price target on shares of Autodesk in a research note on Tuesday, June 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has an average rating of “Hold” and a consensus target price of $262.42.

Autodesk Price Performance

NASDAQ:ADSK opened at $245.83 on Tuesday. The firm has a market cap of $52.98 billion, a price-to-earnings ratio of 53.21, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average is $221.13 and its two-hundred day moving average is $239.12.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. Autodesk’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.55 earnings per share. Research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the sale, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the transaction, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. Insiders sold a total of 19,138 shares of company stock valued at $4,338,701 over the last quarter. Company insiders own 0.14% of the company’s stock.

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.