Public Employees Retirement System of Ohio Sells 7,332 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Public Employees Retirement System of Ohio trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,390 shares of the software company’s stock after selling 7,332 shares during the period. Public Employees Retirement System of Ohio’s holdings in Autodesk were worth $26,664,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ADSK. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk during the 4th quarter worth $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 1st quarter worth $25,000. Bfsg LLC bought a new stake in Autodesk in the 4th quarter valued at about $27,000. Rakuten Securities Inc. bought a new stake in Autodesk in the 4th quarter valued at about $28,000. Finally, Eagle Bay Advisors LLC raised its stake in Autodesk by 217.1% in the 1st quarter. Eagle Bay Advisors LLC now owns 111 shares of the software company’s stock valued at $29,000 after acquiring an additional 76 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Up 0.5 %

Shares of NASDAQ ADSK traded up $1.27 during trading on Monday, reaching $242.13. The company had a trading volume of 435,933 shares, compared to its average volume of 1,700,278. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock has a market cap of $52.18 billion, a PE ratio of 52.13, a P/E/G ratio of 3.22 and a beta of 1.48. The business’s 50-day moving average is $233.25 and its 200 day moving average is $240.21. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06.

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

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at $8,610,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at $8,610,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders have sold 39,381 shares of company stock valued at $9,401,282 over the last ninety days. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research reports. BMO Capital Markets lowered their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Citigroup boosted their price objective on Autodesk from $286.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Robert W. Baird lowered their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. One investment 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 MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $262.42.

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.