Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,282 shares of the software company’s stock after selling 5,498 shares during the period. Pacer Advisors Inc.’s holdings in Autodesk were worth $8,618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. purchased a new stake in Autodesk in the first quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter worth about $28,000. Finally, Concord Wealth Partners acquired a new stake in Autodesk during the third quarter worth about $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $321.27 on Friday. The firm has a 50-day simple moving average of $286.44 and a 200-day simple moving average of $254.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $69.07 billion, a price-to-earnings ratio of 65.70, a price-to-earnings-growth ratio of 4.03 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $321.90.

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

Wall Street Analyst Weigh In

ADSK has been the subject of a number of analyst reports. Berenberg Bank boosted their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective for the company. Barclays increased their target price on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $309.43.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock valued at $5,232,213. Insiders own 0.14% of the company’s stock.

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.