Cwm LLC Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Cwm LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 60,655 shares of the software company’s stock after selling 7,996 shares during the quarter. Cwm LLC’s holdings in Autodesk were worth $16,709,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ADSK. Vanguard Group Inc. increased its stake in shares of Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after buying an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares during the last quarter. FIL Ltd grew its stake in shares of Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after purchasing an additional 479,559 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock valued at $523,940,000 after buying an additional 81,314 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 0.3 %

Shares of ADSK opened at $277.71 on Friday. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $256.93 and a 200-day simple moving average of $240.75. The stock has a market cap of $59.85 billion, a price-to-earnings ratio of 60.11, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share. Equities analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several analyst reports. BMO Capital Markets upped their price objective on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, September 30th. Mizuho raised their price objective on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Finally, Stifel Nicolaus boosted their target price on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $290.47.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Stephen W. Hope sold 286 shares of the company’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 transaction 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 approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on 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 directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,183,340 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Company 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.