Northwestern Mutual Wealth Management Co. Sells 219 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Northwestern Mutual Wealth Management Co. lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,469 shares of the software company’s stock after selling 219 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Autodesk were worth $1,848,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Autodesk by 4.4% in the 2nd quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company’s stock valued at $3,470,000 after buying an additional 590 shares during the last quarter. Creative Planning grew its position in shares of Autodesk by 5.3% in the second quarter. Creative Planning now owns 37,659 shares of the software company’s stock valued at $9,319,000 after purchasing an additional 1,900 shares during the last quarter. Algert Global LLC bought a new position in shares of Autodesk in the second quarter worth about $579,000. Goodman Advisory Group LLC lifted its position in shares of Autodesk by 5.6% during the 2nd quarter. Goodman Advisory Group LLC now owns 12,653 shares of the software company’s stock worth $3,131,000 after purchasing an additional 673 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Autodesk during the 2nd quarter valued at approximately $15,108,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ADSK shares. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Rosenblatt Securities boosted their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup increased their price target on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Stifel Nicolaus boosted their price objective on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, DA Davidson initiated coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

Autodesk Stock Up 1.0 %

ADSK opened at $271.16 on Friday. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The firm has a market cap of $58.44 billion, a price-to-earnings ratio of 58.69, a PEG ratio of 3.41 and a beta of 1.48. The firm’s 50-day simple moving average is $255.21 and its 200-day simple moving average is $240.56. 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 (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares in the company, valued at approximately $7,857,283.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Autodesk 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 completion of the sale, the director now owns 31,016 shares in the company, valued at approximately $7,857,283.28. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,973 shares of company stock valued at $10,106,590. 0.14% of the stock is currently owned by corporate insiders.

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.