Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,120 shares of the software company’s stock after selling 125 shares during the quarter. Kentucky Retirement Systems’ holdings in Autodesk were worth $3,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc increased its holdings in Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after buying an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after buying an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after buying an additional 8,456 shares during the period. Meyer Handelman Co. acquired a new position in Autodesk in the 1st quarter worth approximately $903,000. Finally, Caxton Associates LP increased its holdings in Autodesk by 1,353.8% in the 4th quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock worth $23,624,000 after buying an additional 90,352 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,762 shares of company stock valued at $10,046,302. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Up 2.1 %

Shares of NASDAQ ADSK opened at $269.76 on Friday. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock has a market cap of $58.14 billion, a PE ratio of 58.39, a P/E/G ratio of 3.29 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $249.98 and a 200 day moving average of $239.56.

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADSK. Morgan Stanley increased their price target on shares of Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Robert W. Baird dropped their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Berenberg Bank raised their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, BMO Capital Markets raised their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $292.17.

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.