Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by KBC Group NV

KBC Group NV lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 48.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 161,077 shares of the software company’s stock after selling 149,626 shares during the period. KBC Group NV owned 0.07% of Autodesk worth $44,373,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ADSK. Jag Capital Management LLC acquired a new stake in Autodesk during the third quarter worth approximately $13,861,000. Cetera Investment Advisers raised its stake in Autodesk by 163.4% during the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock worth $16,035,000 after acquiring an additional 38,196 shares in the last quarter. Forsta AP Fonden lifted its position in Autodesk by 7.9% in the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after acquiring an additional 3,800 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Autodesk by 32.0% in the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock valued at $3,702,000 after acquiring an additional 3,259 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after purchasing an additional 49,500 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $306.65 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. The company has a market cap of $65.93 billion, a P/E ratio of 62.71, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47. The business has a fifty day moving average of $279.25 and a two-hundred day moving average of $250.27.

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

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,730 shares of company stock worth $5,064,430 in the last quarter. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ADSK. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Citigroup set a $325.00 price objective on Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Mizuho set a $260.00 target price on shares of Autodesk in a report on Friday, October 18th. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Morgan Stanley reissued an “overweight” rating and set 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 issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

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.