Autodesk, Inc. (NASDAQ:ADSK) Stock Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,555 shares of the software company’s stock after selling 903 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $4,572,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ADSK. AdvisorNet Financial Inc grew its position in shares of Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after buying an additional 57 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the period. Trust Point Inc. acquired a new position in Autodesk during the 4th quarter valued at about $243,000. Advisory Alpha LLC acquired a new position in Autodesk during the 4th quarter valued at about $282,000. Finally, Avitas Wealth Management LLC boosted its stake in Autodesk by 1.8% during the 4th quarter. Avitas Wealth Management LLC now owns 4,216 shares of the software company’s stock valued at $1,027,000 after purchasing an additional 73 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADSK shares. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. Robert W. Baird reduced their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Mizuho reduced their target price on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, June 4th. Finally, Barclays reduced their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Autodesk currently has an average rating of “Hold” and a consensus price target of $262.42.

Autodesk Price Performance

ADSK stock traded down $10.41 on Friday, hitting $231.37. 2,812,417 shares of the company’s stock traded hands, compared to its average volume of 1,206,697. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The stock has a market cap of $49.86 billion, a price-to-earnings ratio of 50.08, a P/E/G ratio of 3.23 and a beta of 1.48. The stock has a fifty day moving average of $235.54 and a 200-day moving average of $240.21. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.39 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Activity

In other news, COO Steven M. Blum sold 17,413 shares of the business’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 transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction 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 39,381 shares of company stock worth $9,401,282 over the last 90 days. 0.14% of the stock is owned by company insiders.

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.