Baillie Gifford & Co. Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Baillie Gifford & Co. lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,100,567 shares of the software company’s stock after selling 107,789 shares during the period. Baillie Gifford & Co.’s holdings in Autodesk were worth $303,184,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Autodesk in the first quarter worth $25,000. LRI Investments LLC purchased a new stake in Autodesk during the first quarter worth about $26,000. Olistico Wealth LLC bought a new stake in Autodesk in the second quarter worth about $26,000. Pacifica Partners Inc. lifted 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 purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Autodesk during the 3rd quarter valued at $27,000. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In related 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 value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 286 shares of Autodesk 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 completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock worth $5,200,929. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. Bank of America boosted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Wells Fargo & Company started coverage on Autodesk in a report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price objective on the stock. Barclays lifted their target price on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, BMO Capital Markets increased their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.95.

Autodesk Price Performance

ADSK stock opened at $313.89 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $67.49 billion, a P/E ratio of 64.19, a P/E/G ratio of 3.88 and a beta of 1.47. The firm’s fifty day moving average is $277.06 and its 200 day moving average is $249.18. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $314.70.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Research analysts predict that Autodesk, Inc. will post 5.73 earnings per share 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.