Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Lessened by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,811 shares of the software company’s stock after selling 23,724 shares during the period. Martingale Asset Management L P’s holdings in Autodesk were worth $15,926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in Autodesk in the second quarter worth $26,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter valued at approximately $26,000. Pacifica Partners Inc. increased its holdings in shares of Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 3rd quarter worth $27,000. Finally, Concord Wealth Partners bought a new position in shares of Autodesk during the third quarter worth $28,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This represents a 1.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value 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 $1,340,944.36. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on ADSK shares. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. BMO Capital Markets upped their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the company from $242.00 to $299.00 in a report on Tuesday, September 3rd. Berenberg Bank upped their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $315.38.

Autodesk Price Performance

Shares of Autodesk stock opened at $290.64 on Friday. The firm has a market cap of $62.49 billion, a PE ratio of 59.44, a PEG ratio of 4.08 and a beta of 1.47. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $289.44 and a 200 day moving average of $257.07. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company posted $1.33 EPS. Autodesk’s revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

About Autodesk

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.