Autodesk, Inc. (NASDAQ:ADSK) Stock Position Trimmed by Metis Global Partners LLC

Metis Global Partners LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,313 shares of the software company’s stock after selling 84 shares during the quarter. Metis Global Partners LLC’s holdings in Autodesk were worth $3,943,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Autodesk by 23.4% during the 1st quarter. Empowered Funds LLC now owns 3,457 shares of the software company’s stock valued at $900,000 after purchasing an additional 656 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Autodesk by 9.4% in the first quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company’s stock worth $369,000 after buying an additional 122 shares during the period. Blair William & Co. IL grew its position in Autodesk by 1.8% during the 1st quarter. Blair William & Co. IL now owns 13,409 shares of the software company’s stock worth $3,492,000 after purchasing an additional 241 shares in the last quarter. Cumberland Partners Ltd acquired a new position in Autodesk during the first quarter valued at $424,000. Finally, M&G Plc acquired a new position in shares of Autodesk in the 1st quarter valued at about $41,665,000. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on 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 sale, the chief accounting officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 18,730 shares of company stock valued at $5,064,430 over the last three months. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADSK. Stifel Nicolaus lifted their price target on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. KeyCorp reaffirmed an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Rosenblatt Securities lifted their price objective on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Piper Sandler increased their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Autodesk Trading Down 2.1 %

NASDAQ ADSK opened at $306.65 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. The stock’s 50-day moving average is $279.25 and its 200-day moving average is $250.27. The firm has a market cap of $65.93 billion, a P/E ratio of 62.71, a P/E/G ratio of 3.93 and a beta of 1.47.

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