Martingale Asset Management L P Sells 23,724 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Martingale Asset Management L P decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 29.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,811 shares of the software company’s stock after selling 23,724 shares during the quarter. Martingale Asset Management L P’s holdings in Autodesk were worth $15,926,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its stake in shares of Autodesk by 14.7% during the third quarter. Public Sector Pension Investment Board now owns 9,388 shares of the software company’s stock valued at $2,586,000 after acquiring an additional 1,200 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares in the last quarter. Tybourne Capital Management HK Ltd. purchased a new stake in shares of Autodesk in the 3rd quarter worth $1,882,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Autodesk by 66.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 212,946 shares of the software company’s stock worth $58,662,000 after buying an additional 85,346 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its position in shares of Autodesk by 109.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,708 shares of the software company’s stock worth $471,000 after buying an additional 893 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Down 8.6 %

ADSK opened at $290.64 on Friday. The business has a 50 day moving average price of $289.44 and a two-hundred day moving average price of $257.07. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a market cap of $62.49 billion, a PE ratio of 59.44, a P/E/G ratio of 4.08 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADSK. KeyCorp increased their price target on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Berenberg Bank increased their price target on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised 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 report on Tuesday, September 3rd. Finally, Rosenblatt Securities increased their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $315.38.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now directly owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock worth $549,333 over the last quarter. 0.14% of the stock is currently owned by 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.