Axa S.A. Sells 100,920 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Axa S.A. reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 540,633 shares of the software company’s stock after selling 100,920 shares during the quarter. Axa S.A. owned 0.25% of Autodesk worth $133,780,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Autodesk during the fourth quarter valued at $25,000. Concord Wealth Partners bought a new position in Autodesk during the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC bought a new stake in shares of Autodesk in the first quarter worth approximately $26,000. Finally, Olistico Wealth LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $26,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Mizuho raised their price target on Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Piper Sandler boosted 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. Finally, KeyCorp reaffirmed an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.17.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, 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 filing with the SEC, which is accessible through this hyperlink. In other news, COO Steven M. Blum sold 17,344 shares of the business’s 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 sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $8,323,159.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,762 shares of company stock worth $10,046,302. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $269.65 on Wednesday. The business’s 50-day simple moving average is $250.88 and its two-hundred day simple moving average is $239.70. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The stock has a market cap of $57.97 billion, a PE ratio of 58.37, a P/E/G ratio of 3.41 and a beta of 1.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. As a group, analysts forecast that Autodesk, Inc. will post 5.73 EPS 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.