BI Asset Management Fondsmaeglerselskab A S Sells 20,106 Shares of Autodesk, Inc. (NASDAQ:ADSK)

BI Asset Management Fondsmaeglerselskab A S lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 38.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,103 shares of the software company’s stock after selling 20,106 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Autodesk were worth $8,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Autodesk during the 4th quarter valued at $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the first quarter valued at about $25,000. Bfsg LLC purchased a new position in shares of Autodesk in the fourth quarter worth about $27,000. Rakuten Securities Inc. bought a new stake in shares of Autodesk in the 4th quarter valued at about $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in Autodesk during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the sale, the director now owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock worth $4,338,701 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.5 %

NASDAQ:ADSK traded down $1.22 during mid-day trading on Wednesday, hitting $242.74. 513,258 shares of the company’s stock were exchanged, compared to its average volume of 1,752,081. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The business has a fifty day moving average price of $225.37 and a 200 day moving average price of $239.43. The company has a market cap of $52.31 billion, a PE ratio of 52.38, a P/E/G ratio of 3.31 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.55 EPS. Equities analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the subject of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Stifel Nicolaus dropped their price target on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Rosenblatt Securities restated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, KeyCorp cut their target price on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $262.42.

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.