Natixis Investment Managers International Decreases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Natixis Investment Managers International trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473 shares of the software company’s stock after selling 51 shares during the period. Natixis Investment Managers International’s holdings in Autodesk were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. VisionPoint Advisory Group LLC increased its position in shares of Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after purchasing an additional 42 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares during the last quarter. Goodman Advisory Group LLC increased its position in shares of Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after purchasing an additional 49 shares during the last quarter. Epic Trust Investment Advisors LLC increased its position in shares of Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after purchasing an additional 49 shares during the last quarter. Finally, Beacon Financial Group increased its position in shares of Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after purchasing an additional 49 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the topic of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $239.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Robert W. Baird reduced their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Bank of America reduced their target price on Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. KeyCorp reduced 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. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $290.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $262.42.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,381 shares of company stock worth $9,401,282. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Up 1.2 %

NASDAQ ADSK traded up $2.78 during trading on Thursday, hitting $242.23. The company’s stock had a trading volume of 1,679,806 shares, compared to its average volume of 1,712,228. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $52.20 billion, a PE ratio of 52.43, a P/E/G ratio of 3.29 and a beta of 1.48. The business’s 50 day simple moving average is $232.85 and its 200-day simple moving average is $240.13. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

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 during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

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.