Securian Asset Management Inc. Has $3.03 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Securian Asset Management Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,232 shares of the software company’s stock after selling 353 shares during the quarter. Securian Asset Management Inc.’s holdings in Autodesk were worth $3,027,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Autodesk by 1.9% in the first quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after acquiring an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD grew 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 buying an additional 4,563,668 shares during the period. FIL Ltd lifted 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 valued at $711,216,000 after acquiring an additional 479,559 shares during the period. Brown Advisory Inc. boosted its stake in Autodesk by 12.9% during the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after acquiring an additional 327,144 shares in the last quarter. Finally, Norges Bank acquired a new stake in Autodesk in the fourth quarter worth $619,404,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on ADSK shares. Morgan Stanley restated an “equal weight” rating and issued a $255.00 price target on shares of Autodesk in a report on Wednesday, June 12th. Citigroup raised their price target on shares of Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Robert W. Baird reduced their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Rosenblatt Securities reiterated a “buy” rating and set a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. Finally, Mizuho reduced their price objective on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Autodesk Trading Down 0.4 %

NASDAQ ADSK traded down $0.85 on Monday, hitting $239.59. 302,273 shares of the stock were exchanged, compared to its average volume of 1,682,863. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The firm has a market capitalization of $51.63 billion, a P/E ratio of 52.04, a P/E/G ratio of 3.23 and a beta of 1.48. The stock has a fifty day moving average price of $238.28 and a two-hundred day moving average price of $239.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. The firm 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%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. Research analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction 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 approximately $7,264,960.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,381 shares of company stock valued at $9,401,282. 0.14% of the stock is owned by insiders.

Autodesk 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.