Brown Brothers Harriman & Co. Has $1.25 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Brown Brothers Harriman & Co. cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,521 shares of the software company’s stock after selling 317 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Autodesk were worth $1,245,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Autodesk in the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in Autodesk in the first quarter worth approximately $26,000. Livelsberger Financial Advisory bought a new position in Autodesk during the third quarter valued at approximately $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the third quarter valued at approximately $28,000. Finally, Concord Wealth Partners bought a new stake in Autodesk in the third quarter worth approximately $28,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by insiders.

Autodesk Stock Down 0.4 %

Shares of ADSK opened at $317.96 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $288.49 and a two-hundred day moving average price of $256.59. The stock has a market cap of $68.36 billion, a price-to-earnings ratio of 65.02, a P/E/G ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company earned $1.33 EPS. Autodesk’s revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ADSK shares. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Mizuho set a $260.00 price target on Autodesk in a report on Friday, October 18th. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Rosenblatt Securities upped their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, KeyCorp lifted their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $309.43.

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.