Epoch Investment Partners Inc. Sells 1,670 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Epoch Investment Partners Inc. lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,745 shares of the software company’s stock after selling 1,670 shares during the period. Epoch Investment Partners Inc. owned approximately 0.05% of Autodesk worth $27,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in Autodesk during the 1st quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the 1st quarter valued at $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the 1st quarter worth $26,000. Finally, Olistico Wealth LLC bought a new stake in Autodesk during the second quarter valued at about $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.9 %

Shares of ADSK stock opened at $267.29 on Monday. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The stock has a market cap of $57.60 billion, a P/E ratio of 57.85, a P/E/G ratio of 3.29 and a beta of 1.48. The stock has a 50 day moving average of $250.26 and a 200 day moving average of $239.47. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock valued at $10,046,302 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Rosenblatt Securities increased their price target on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Berenberg Bank raised their target price on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Bank of America upped their price target on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Piper Sandler increased their price target on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.