Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Lowered by Vestor Capital LLC

Vestor Capital LLC reduced its holdings in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 45.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355 shares of the software company’s stock after selling 300 shares during the quarter. Vestor Capital LLC’s holdings in Autodesk were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. CWM LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $1,797,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $589,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Autodesk by 11.7% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,142,917 shares of the software company’s stock worth $321,377,000 after purchasing an additional 120,049 shares in the last quarter. Clarius Group LLC raised its holdings in shares of Autodesk by 2.5% in the 4th quarter. Clarius Group LLC now owns 2,681 shares of the software company’s stock worth $754,000 after purchasing an additional 66 shares in the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Autodesk by 1.1% during the fourth quarter. Sigma Planning Corp now owns 4,594 shares of the software company’s stock valued at $1,292,000 after acquiring an additional 50 shares during the period. 89.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Rebecca Pearce sold 1,608 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the transaction, the executive vice president now directly owns 19,325 shares in the company, valued at approximately $4,016,894.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CAO Stephen W. Hope sold 327 shares of the stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total value of $58,019.61. Following the completion of the transaction, the chief accounting officer now owns 4,186 shares in the company, valued at approximately $742,721.98. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rebecca Pearce sold 1,608 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the transaction, the executive vice president now owns 19,325 shares of the company’s stock, valued at approximately $4,016,894.50. The disclosure for this sale can be found here. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Autodesk from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Tuesday, May 31st. Bank of America initiated coverage on shares of Autodesk in a report on Wednesday. They set a “neutral” rating and a $220.00 price target on the stock. KeyCorp cut their price target on shares of Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, May 27th. Morgan Stanley cut their price target on shares of Autodesk from $258.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday, May 27th. Finally, Piper Sandler dropped their price objective on shares of Autodesk from $298.00 to $242.00 and set an “overweight” rating on the stock in a research note on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $261.80.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded down $0.24 during trading hours on Friday, hitting $221.70. 1,113,414 shares of the stock were exchanged, compared to its average volume of 1,493,540. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50 day moving average is $189.93 and its 200 day moving average is $203.36. The firm has a market capitalization of $48.17 billion, a P/E ratio of 100.77 and a beta of 1.53. Autodesk, Inc. has a one year low of $163.20 and a one year high of $344.39.

Autodesk (NASDAQ:ADSKGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The software company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. Autodesk’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, research analysts expect that Autodesk, Inc. will post 3.99 EPS for the current year.

Autodesk Company Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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