Sei Investments Co. Has $76.71 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Sei Investments Co. lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 31.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,002 shares of the software company’s stock after selling 142,494 shares during the period. Sei Investments Co. owned 0.14% of Autodesk worth $76,705,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Autodesk by 2.7% in the 2nd quarter. Pacer Advisors Inc. now owns 36,780 shares of the software company’s stock valued at $9,101,000 after buying an additional 978 shares during the last quarter. AE Wealth Management LLC increased its position in Autodesk by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after acquiring an additional 295 shares during the period. Bridges Investment Management Inc. bought a new position in shares of Autodesk during the second quarter valued at $3,426,000. Promethos Capital LLC acquired a new position in shares of Autodesk during the second quarter worth $3,345,000. Finally, Davidson Capital Management Inc. lifted its holdings in shares of Autodesk by 22.5% during the second quarter. Davidson Capital Management Inc. now owns 13,122 shares of the software company’s stock worth $3,247,000 after purchasing an additional 2,411 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSK. Rosenblatt Securities raised their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup raised their price objective on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. KeyCorp restated an “overweight” rating and set a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. Finally, Barclays upped their price objective on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 transaction, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $253.33, for a total value of $139,331.50. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,762 shares of company stock worth $10,046,302. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.9 %

ADSK stock opened at $267.29 on Friday. The stock’s 50 day simple moving average is $250.26 and its 200 day simple moving average is $239.55. The company has a market cap of $57.60 billion, a P/E ratio of 57.85, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

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