Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 875,345 shares of the software company’s stock after selling 6,680 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.41% of Autodesk worth $227,957,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Bfsg LLC acquired a new position in Autodesk during the 4th quarter worth $27,000. Rakuten Securities Inc. bought a new stake in shares of Autodesk in the 4th quarter worth about $28,000. Private Wealth Management Group LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $31,000. Finally, First United Bank & Trust bought a new position in shares of Autodesk during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $246.30 on Thursday. The firm has a market capitalization of $53.08 billion, a PE ratio of 53.31, a P/E/G ratio of 3.31 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $222.30 and a 200 day moving average price of $239.19. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm posted $1.55 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now owns 31,566 shares in the company, valued at $7,418,010. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. Insiders have sold 19,138 shares of company stock worth $4,338,701 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Bank of America reduced their price objective on Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Robert W. Baird lowered their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Oppenheimer reissued an “outperform” rating and set a $275.00 target price on shares of Autodesk in a report on Tuesday, June 18th. Finally, BMO Capital Markets lowered their price objective on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Hold” and an average price target of $262.42.

About Autodesk

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.