Kentucky Retirement Systems Sells 858 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kentucky Retirement Systems trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,245 shares of the software company’s stock after selling 858 shares during the period. Kentucky Retirement Systems’ holdings in Autodesk were worth $4,231,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ADSK. Ables Iannone Moore & Associates Inc. bought a new position in Autodesk during the 4th quarter worth $25,000. Concord Wealth Partners bought a new position in Autodesk during the 1st quarter worth $25,000. Bfsg LLC bought a new position in Autodesk during the 4th quarter worth $27,000. Rakuten Securities Inc. bought a new position in Autodesk during the 4th quarter worth $28,000. Finally, Eagle Bay Advisors LLC raised its position in Autodesk by 217.1% during the 1st quarter. Eagle Bay Advisors LLC now owns 111 shares of the software company’s stock worth $29,000 after purchasing an additional 76 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the transaction, the director now owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 31,016 shares in the company, valued at $7,857,283.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders have sold a total of 39,381 shares of company stock valued at $9,401,282 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.6 %

NASDAQ ADSK traded down $1.37 during trading hours on Friday, hitting $240.86. The company’s stock had a trading volume of 1,267,132 shares, compared to its average volume of 1,220,368. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a market capitalization of $51.91 billion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 3.22 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company’s 50-day simple moving average is $233.25 and its two-hundred day simple moving average is $240.20.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the firm earned $1.55 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADSK. Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a report on Wednesday, May 1st. KeyCorp decreased their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Morgan Stanley reiterated an “equal weight” rating and set a $255.00 price target on shares of Autodesk in a report on Wednesday, June 12th. Robert W. Baird decreased their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Finally, StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $262.42.

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.