Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.9% during the third quarter, Holdings Channel.com reports. The firm owned 15,009 shares of the software company’s stock after selling 1,111 shares during the period. Kentucky Retirement Systems’ holdings in Autodesk were worth $4,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the first quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter worth $26,000. Olistico Wealth LLC purchased a new stake in Autodesk in the second quarter valued at $26,000. Pacifica Partners Inc. boosted its stake in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Autodesk during the third quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 2.4 %

NASDAQ:ADSK opened at $299.15 on Friday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $281.32 and a 200-day simple moving average of $251.50. The company has a market capitalization of $64.32 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on ADSK. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada increased their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. 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, August 30th. Finally, Oppenheimer boosted their price objective on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.20.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by corporate insiders.

Autodesk 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.