Banco Santander S.A. Has $11.88 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Banco Santander S.A. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 40.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,129 shares of the software company’s stock after selling 29,112 shares during the period. Banco Santander S.A.’s holdings in Autodesk were worth $11,881,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk during the 1st quarter worth about $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk during the 2nd quarter valued at about $26,000. Pacifica Partners Inc. grew its stake in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk in the third quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 2.4 %

Shares of ADSK stock opened at $315.22 on Friday. The firm has a fifty day moving average of $285.29 and a 200-day moving average of $253.88. The stock has a market cap of $67.77 billion, a price-to-earnings ratio of 64.46, a P/E/G ratio of 3.90 and a beta of 1.47. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $317.45. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 over the last three months. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. KeyCorp increased their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday. Berenberg Bank boosted 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. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Citigroup set a $325.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company began coverage on shares of Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $302.38.

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.