Equitable Trust Co. Sells 2,602 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Equitable Trust Co. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 44.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,290 shares of the software company’s stock after selling 2,602 shares during the period. Equitable Trust Co.’s holdings in Autodesk were worth $814,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock valued at $5,052,732,000 after acquiring an additional 363,565 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Autodesk by 263.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after acquiring an additional 4,563,668 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after acquiring an additional 1,108,973 shares during the last quarter. FIL Ltd lifted its stake in shares of Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after acquiring an additional 479,559 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in Autodesk by 12.9% during the 4th quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after purchasing an additional 327,144 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several analyst reports. Oppenheimer raised their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday. Robert W. Baird lowered their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Berenberg Bank raised their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday. Barclays raised their target price on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets increased their price target on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.33.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction 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 directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. Insiders have sold 39,931 shares of company stock valued at $9,537,781 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 0.1 %

NASDAQ:ADSK opened at $258.40 on Monday. The firm’s 50 day moving average is $245.97 and its 200 day moving average is $239.09. 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, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The stock has a market capitalization of $55.69 billion, a PE ratio of 55.93, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts expect that Autodesk, Inc. will post 5.55 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.