Congress Asset Management Co. MA Reduces Stake in Autodesk, Inc. (NASDAQ:ADSK)

Congress Asset Management Co. MA decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 1.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,408 shares of the software company’s stock after selling 793 shares during the period. Congress Asset Management Co. MA’s holdings in Autodesk were worth $10,223,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Autodesk in the 4th quarter worth about $426,374,000. Price T Rowe Associates Inc. MD increased its position in shares of Autodesk by 480.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,785,264 shares of the software company’s stock valued at $371,621,000 after purchasing an additional 1,477,770 shares during the last quarter. Portside Wealth Group LLC bought a new position in shares of Autodesk during the 2nd quarter valued at about $221,914,000. BlackRock Inc. increased its position in shares of Autodesk by 5.8% during the 2nd quarter. BlackRock Inc. now owns 18,086,689 shares of the software company’s stock valued at $3,700,717,000 after purchasing an additional 989,144 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Autodesk during the 2nd quarter valued at about $135,596,000. Hedge funds and other institutional investors own 87.92% of the company’s stock.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 2,003 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $230.50, for a total transaction of $461,691.50. Following the completion of the transaction, the executive vice president now owns 19,823 shares of the company’s stock, valued at approximately $4,569,201.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Rebecca Pearce sold 2,003 shares of Autodesk stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $230.50, for a total value of $461,691.50. Following the completion of the sale, the executive vice president now directly owns 19,823 shares in the company, valued at approximately $4,569,201.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Betsy Rafael sold 308 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $218.27, for a total value of $67,227.16. Following the completion of the transaction, the director now directly owns 3,237 shares of the company’s stock, valued at approximately $706,539.99. The disclosure for this sale can be found here. Insiders sold a total of 23,170 shares of company stock valued at $5,422,292 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Down 1.3 %

ADSK opened at $238.47 on Thursday. The stock has a market cap of $51.01 billion, a PE ratio of 56.11, a PEG ratio of 3.47 and a beta of 1.47. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average of $227.69 and a 200-day moving average of $215.31. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $245.88.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Tuesday, November 21st. The software company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.08. Autodesk had a return on equity of 84.81% and a net margin of 17.15%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts predict that Autodesk, Inc. will post 4.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. HSBC initiated coverage on Autodesk in a research report on Friday, September 29th. They set a “hold” rating and a $214.00 price objective on the stock. Oppenheimer reduced their price target on Autodesk from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 22nd. Bank Of America (Bofa) raised their price target on Autodesk from $235.00 to $240.00 in a research report on Monday, December 11th. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Finally, Stifel Nicolaus restated a “buy” rating and set a $245.00 price target on shares of Autodesk in a research report on Friday, November 17th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.15.

Get Our Latest Report on ADSK

Autodesk Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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