AEGON ASSET MANAGEMENT UK Plc Has $53.26 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

AEGON ASSET MANAGEMENT UK Plc decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 193,370 shares of the software company’s stock after selling 57 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Autodesk were worth $53,264,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADSK. Empowered Funds LLC grew its holdings in shares of Autodesk by 23.4% in the 1st quarter. Empowered Funds LLC now owns 3,457 shares of the software company’s stock worth $900,000 after purchasing an additional 656 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Autodesk by 22.1% during the first quarter. Oppenheimer & Co. Inc. now owns 7,897 shares of the software company’s stock worth $2,057,000 after buying an additional 1,428 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Autodesk by 62.0% during the first quarter. Montag A & Associates Inc. now owns 2,017 shares of the software company’s stock worth $525,000 after buying an additional 772 shares in the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Autodesk by 21.0% in the first quarter. Keudell Morrison Wealth Management now owns 1,478 shares of the software company’s stock valued at $385,000 after acquiring an additional 257 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of Autodesk in the 1st quarter worth approximately $253,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now directly owns 30,799 shares of the company’s stock, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,200,929 over the last quarter. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ADSK shares. Oppenheimer lifted their price objective on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Piper Sandler lifted their price target on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Stifel Nicolaus raised 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. Bank of America increased their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $320.00 price objective on shares of Autodesk in a research report on Monday, September 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $292.95.

Autodesk Stock Performance

Shares of Autodesk stock opened at $305.56 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $307.17. 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 capitalization of $65.70 billion, a PE ratio of 62.49, a PEG ratio of 3.65 and a beta of 1.47. The stock’s fifty day simple moving average is $275.95 and its 200 day simple moving average is $248.05.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 return on equity of 59.41% and a net margin of 18.21%. 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 business posted $1.12 EPS. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research 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.