Martingale Asset Management L P Sells 100 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Martingale Asset Management L P lowered its position in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,750 shares of the software company’s stock after selling 100 shares during the quarter. Martingale Asset Management L P’s holdings in Autodesk were worth $473,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Steel Peak Wealth Management LLC increased its holdings in shares of Autodesk by 1.0% in the second quarter. Steel Peak Wealth Management LLC now owns 5,050 shares of the software company’s stock worth $868,000 after purchasing an additional 50 shares during the period. Zions Bancorporation N.A. increased its holdings in shares of Autodesk by 8.7% in the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock worth $136,000 after purchasing an additional 51 shares during the period. Hartford Investment Management Co. increased its holdings in shares of Autodesk by 0.3% in the second quarter. Hartford Investment Management Co. now owns 20,807 shares of the software company’s stock worth $3,578,000 after purchasing an additional 54 shares during the period. Bartlett & Co. LLC increased its holdings in shares of Autodesk by 5.8% in the second quarter. Bartlett & Co. LLC now owns 980 shares of the software company’s stock worth $169,000 after purchasing an additional 54 shares during the period. Finally, Northeast Financial Consultants Inc increased its holdings in shares of Autodesk by 1.4% in the first quarter. Northeast Financial Consultants Inc now owns 4,305 shares of the software company’s stock worth $923,000 after purchasing an additional 61 shares during the period. Institutional investors own 86.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 34,366 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $206.87, for a total value of $7,109,294.42. Following the completion of the transaction, the chief executive officer now directly owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. StockNews.com initiated coverage on shares of Autodesk in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Autodesk in a research report on Friday, September 16th. They issued a “neutral” rating and a $203.00 target price for the company. Bank of America initiated coverage on shares of Autodesk in a research report on Wednesday, August 3rd. They issued a “neutral” rating and a $220.00 target price for the company. Rosenblatt Securities cut their target price on shares of Autodesk from $285.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, August 25th. Finally, Moffett Nathanson initiated coverage on shares of Autodesk in a research report on Thursday, September 22nd. They issued a “sell” rating and a $206.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.19.

Autodesk Stock Performance

Autodesk stock opened at $208.90 on Wednesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08. The firm has a 50-day moving average of $201.79 and a 200-day moving average of $198.87. The firm has a market cap of $45.09 billion, a P/E ratio of 82.57, a P/E/G ratio of 1.87 and a beta of 1.49. Autodesk, Inc. has a 1-year low of $163.20 and a 1-year high of $310.70.

Autodesk (NASDAQ:ADSKGet Rating) last posted its earnings results on Tuesday, November 22nd. The software company reported $1.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.70. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted $0.68 earnings per share. Autodesk’s revenue for the quarter was up 13.7% on a year-over-year basis. Sell-side analysts expect that Autodesk, Inc. will post 4.13 EPS for the current year.

Autodesk Profile

(Get Rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Featured Stories

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.