Autodesk, Inc. (NASDAQ:ADSK) is Ninety One UK Ltd’s 5th Largest Position

Ninety One UK Ltd reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 4,041,276 shares of the software company’s stock after selling 74,058 shares during the period. Autodesk makes up 2.9% of Ninety One UK Ltd’s investment portfolio, making the stock its 5th largest position. Ninety One UK Ltd’s holdings in Autodesk were worth $983,970,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Autodesk during the fourth quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its position in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after acquiring an additional 57 shares in the last quarter. First Manhattan Co. raised its position in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Carolinas Wealth Consulting LLC raised its position in Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after acquiring an additional 97 shares in the last quarter. Finally, Operose Advisors LLC purchased a new position in Autodesk during the third quarter valued at approximately $35,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of several research analyst reports. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Autodesk in a report on Monday, April 1st. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a report on Friday, April 12th. Barclays raised their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Oppenheimer raised their price objective on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Buying and Selling at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mary T. Mcdowell sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the transaction, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold 46,220 shares of company stock worth $11,933,231 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Down 3.5 %

NASDAQ ADSK traded down $7.54 on Thursday, reaching $207.38. 2,177,803 shares of the company were exchanged, compared to its average volume of 1,387,322. The business’s fifty day moving average price is $253.88 and its 200 day moving average price is $235.09. The stock has a market capitalization of $44.36 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 3.14 and a beta of 1.43. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current year.

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.