Brown Brothers Harriman & Co. Has $1.20 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Brown Brothers Harriman & Co. lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 25.9% in the second quarter, HoldingsChannel.com reports. The firm owned 4,838 shares of the software company’s stock after selling 1,695 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Autodesk were worth $1,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. Gilbert & Cook Inc. grew its position in shares of Autodesk by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after buying an additional 103 shares during the period. Jump Financial LLC acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $287,000. Financial Advocates Investment Management grew its position in shares of Autodesk by 32.8% during the 4th quarter. Financial Advocates Investment Management now owns 1,590 shares of the software company’s stock worth $387,000 after buying an additional 393 shares during the period. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $619,404,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Autodesk by 10.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 88,555 shares of the software company’s stock worth $21,561,000 after buying an additional 8,087 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 1.4 %

NASDAQ ADSK opened at $267.73 on Tuesday. The stock has a market capitalization of $57.70 billion, a price-to-earnings ratio of 57.95, a PEG ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The business’s fifty day moving average is $248.76 and its 200-day moving average is $239.16.

Autodesk (NASDAQ:ADSK) last released its 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. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ADSK shares. Morgan Stanley raised their price objective on shares of Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. KeyCorp reaffirmed an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. BMO Capital Markets increased their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and increased their target price for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,762 shares of company stock valued at $10,046,302. 0.14% of the stock is owned by insiders.

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.