Voya Financial Advisors Inc. Sells 37 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Voya Financial Advisors Inc. trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,590 shares of the software company’s stock after selling 37 shares during the period. Voya Financial Advisors Inc.’s holdings in Autodesk were worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Valeo Financial Advisors LLC grew its holdings in Autodesk by 27.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,763 shares of the software company’s stock worth $436,000 after acquiring an additional 383 shares in the last quarter. Symmetry Partners LLC grew its holdings in Autodesk by 38.6% during the 2nd quarter. Symmetry Partners LLC now owns 1,960 shares of the software company’s stock worth $485,000 after acquiring an additional 546 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Autodesk by 1.7% during the second quarter. QRG Capital Management Inc. now owns 10,178 shares of the software company’s stock valued at $2,519,000 after buying an additional 173 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Autodesk during the second quarter valued at about $106,000. Finally, Curated Wealth Partners LLC lifted its position in shares of Autodesk by 193.0% during the second quarter. Curated Wealth Partners LLC now owns 1,614 shares of the software company’s stock valued at $399,000 after buying an additional 3,350 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock valued at $549,333 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK opened at $305.17 on Friday. The firm has a market capitalization of $65.61 billion, a PE ratio of 60.55, a P/E/G ratio of 3.53 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a 50 day moving average of $292.44 and a two-hundred day moving average of $259.86. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, analysts anticipate that Autodesk, Inc. will post 5.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on ADSK shares. Mizuho increased their price target on shares of Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. UBS Group started coverage on shares of Autodesk in a research report on Monday. They set a “buy” rating and a $350.00 price target for the company. DA Davidson assumed coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target for the company. Wells Fargo & Company increased their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.68.

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.