Autodesk, Inc. (NASDAQ:ADSK) Stock Position Lowered by Sepio Capital LP

Sepio Capital LP decreased its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,963 shares of the software company’s stock after selling 47 shares during the period. Sepio Capital LP’s holdings in Autodesk were worth $3,208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Mesirow Financial Investment Management Inc. boosted its position in shares of Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after buying an additional 44 shares during the period. Johnson Investment Counsel Inc. boosted its position in Autodesk by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after acquiring an additional 45 shares during the period. Beacon Financial Group grew its stake in Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after acquiring an additional 49 shares in the last quarter. First Affirmative Financial Network increased its holdings in shares of Autodesk by 2.8% in the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after purchasing an additional 49 shares during the period. Finally, InTrack Investment Management Inc lifted its position in shares of Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock worth $542,000 after purchasing an additional 49 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In other news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The disclosure for this sale can be found here. Insiders sold a total of 38,687 shares of company stock worth $10,027,986 in the last 90 days. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on ADSK shares. Stifel Nicolaus boosted their price objective on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays boosted their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Rosenblatt Securities increased their price objective on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Piper Sandler lifted their price objective on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Autodesk Price Performance

NASDAQ ADSK opened at $271.90 on Friday. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a fifty day simple moving average of $251.85 and a 200 day simple moving average of $240.13. 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 company has a market cap of $58.60 billion, a P/E ratio of 58.85, a P/E/G ratio of 3.41 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly 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. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. On average, sell-side analysts predict that Autodesk, Inc. will post 5.73 EPS for the current 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.