Ensign Peak Advisors Inc Sells 11,785 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ensign Peak Advisors Inc lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,331 shares of the software company’s stock after selling 11,785 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Autodesk were worth $9,485,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in shares of Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after acquiring an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. grew 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 valued at $4,297,000 after buying an additional 6,481 shares in the last quarter. Meyer Handelman Co. bought a new position in Autodesk during the 1st quarter worth $903,000. Caxton Associates LP lifted its holdings in shares of Autodesk by 1,353.8% during the fourth 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 in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Autodesk by 155.7% in the fourth quarter. Bank of Nova Scotia now owns 79,803 shares of the software company’s stock valued at $19,428,000 after acquiring an additional 48,597 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on 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 transaction, 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 sold 38,762 shares of company stock valued at $10,046,302 over the last quarter. Insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.4 %

NASDAQ:ADSK opened at $269.65 on Wednesday. The company has a market cap of $58.11 billion, a PE ratio of 58.37, a P/E/G ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The firm’s 50 day simple moving average is $250.88 and its 200 day simple moving average is $239.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Citigroup increased their target price on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. HSBC raised Autodesk from a “hold” rating to a “buy” rating and increased their price target for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. KeyCorp reissued an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Finally, Rosenblatt Securities boosted their price target on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Seven 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.17.

Autodesk Company 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.