Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,920 shares of the software company’s stock after selling 12,135 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of Autodesk worth $34,615,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Autodesk by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock worth $4,635,537,000 after acquiring an additional 310,081 shares in the last quarter. FIL Ltd lifted its stake in Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after acquiring an additional 479,559 shares in the last quarter. Brown Advisory Inc. lifted its stake in Autodesk by 12.9% during the 4th quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after acquiring an additional 327,144 shares in the last quarter. Norges Bank acquired a new position in Autodesk during the 4th quarter worth about $619,404,000. Finally, Morgan Stanley raised its position in Autodesk by 4.5% in the 3rd quarter. Morgan Stanley now owns 2,378,796 shares of the software company’s stock valued at $492,197,000 after purchasing an additional 102,035 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,138 shares of company stock valued at $4,338,701. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of ADSK opened at $246.30 on Friday. The company has a market capitalization of $53.08 billion, a price-to-earnings ratio of 53.31, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The firm has a 50-day simple moving average of $222.93 and a 200-day simple moving average of $239.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69.

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

Analyst Ratings Changes

Several brokerages recently weighed in on ADSK. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price on the stock. in a report on Wednesday, May 1st. BMO Capital Markets decreased 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. Citigroup increased their target price on Autodesk from $286.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Mizuho decreased their price target on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $262.42.

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.