Jacobs Levy Equity Management Inc. Has $38.35 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Jacobs Levy Equity Management Inc. lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 12.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,252 shares of the software company’s stock after selling 20,424 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Autodesk were worth $38,347,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Vanguard Group Inc. increased its position in shares of Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after purchasing an additional 363,565 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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. FIL Ltd increased its position in shares of Autodesk by 19.6% during the 4th 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 during the last quarter. Brown Advisory Inc. increased its position in shares of Autodesk by 12.9% during the 4th quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after purchasing an additional 327,144 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Autodesk during the 4th quarter worth approximately $619,404,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the transaction, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,381 shares of company stock worth $9,401,282. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADSK shares. BMO Capital Markets lowered their price target on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Stifel Nicolaus lowered their price target on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Citigroup boosted their target price on Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and set a $255.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Finally, StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Hold” and a consensus price target of $262.42.

Autodesk Price Performance

Shares of ADSK stock traded up $0.76 on Tuesday, hitting $243.34. 1,141,185 shares of the company’s stock were exchanged, compared to its average volume of 1,698,405. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. 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 $52.44 billion, a P/E ratio of 52.51, a price-to-earnings-growth ratio of 3.22 and a beta of 1.48. The company has a 50 day moving average of $233.67 and a 200 day moving average of $240.22.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. Autodesk’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

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.